DPRating Crypto Rankings (Based on GitHub Activity) June 2018 Report: EOS, Cardano, TRON, and Ethereum Tied for First Place

DPRating, a cryptocurrency rating agency established in 2017, has released the July 2018 edition of its GitHub Audit report, which ranks projects based on their GitHub activity (e.g. how often new versions of the software are being released).

DPRating, which in the words of its founder, Darpal Wang, "aims to be the Moody's of the crypto space", produces various types of reports to help investors. The GitHub Audit looks at the software development activity of 200 blockchain projects by monitoring each development team's activities on GitHub, a platform used by almost open source projects for hosting and managing code.

Each project is rated according to the following criteria:

  • Popularity of the Library. This measure the interest in a project by looking at how much attention the project is getting from developer community by looking at the mean number of times a code library has been "watched", "starred", or "forked". There are four possible values: "Very High" (greater than 500); "High" (between 100 and 500), "Medium" (between 20 and 100); and "Low" (below 20).
  • Number of Contributors. This refers to how many developers have contributed to the project by submitting code/documentation changes. "High" means more than 12, "Medium" means between 6 and 12, and "Low" means below 6.
  • Release Frequency. They take the version release frequency of Bitcoin and Ethereum, around 14.31 days for a new release, as the reference value. They then divide the number of average days spent for a new release by this reference value to get a release frequency score. "High" means below 2, "Medium" is between 2 and 4, and " Low" is defined as above 4.
  • Types of Commits. In GitHub, a "commit" (or "revision") means an individual change to a file (or set of files). The ratings team says that there are several types of commits: A1 (Continuously, steadily developing new features); A2 ("Fixing Bugs and testing after new feature developments"); A3 ("Releasing few new features based on initial commitment and changing configurations"); B ("Fixing bugs and testing for Devops"); C ("Changing configuration for Devops"); and D ("Cannot be defined in any above category").
  • Overall Rating. This derives an aggregate rating/score based from the rating received for library popularity ("1 point for Very High, 0.5 points for High, no point for Middle or Low"); size of contributor pool ("1 point for High, 0.5 point for Medium, no point for Low"); release frequency ("1 point for High, 0.5 point for Medium, no point for Low"); number of commits ("1 point for over 200 commits, 0.5 point for between 100 and 200 commits, no point for between 30 and 100 or below 30"); and types of commits ("1 point for A1 or A2, 0.5 point for A3, no point for B, C and D").

Here are the top 20 projects (ranked from best to worst) ranked by their overall rating:

DPRating Screenshot 1.png

Here are a few highlights from these rankings:

  • EOS, Loom Network, Cardano, TRON, Lisk, Particl, and Ethereum are tried for 1st place with an overall rating of 5.0.
  • Bitcoin is in 2nd place with an overall rating of 4.8.
  • Status is in third place with an overall rating of 4.7.
  • Projected ranked 153th or below got an overall rating of 0 or even worse undefined (meaning that the ratings team were not able to compute an overall score, for varios reasons, for example the inmability to locate the source code repository for the project). Amongst projects unfortunate enough to be in this category were "blockchain phone" maker SIRIN Labs (SRN), Envion (EVN), which raised $100 million through an ICO and is currently being investigated by the Swiss financial regulator, the blockchain-powered identify verification platofrm Civic (CVC), and FunFair (FUN), the Etherem-based platform for creating "fair" online casinos.

Travala’s Token AVA Jumps Following Announcement of Partnership with Expedia

Michael LaVere
  • Binance-backed cryptocurrency travel booking platform Travala has announced a partnership with Expedia Group.
  • Travala's native token AVA appreciated more than 20 percent following the announcement.

The Binance-backed travel booking website Travala has announced a new partnership with the online travel agency Expedia Group. 

According to a press release published July 6, Travala and Expedia have joined forces to offer consumers a frictionless cryptocurrency travel-booking experience. The release claims more than 700,000 Expedia Group hotels and accommodations have been made available via Travala.com, in addition to the platform’s existing 2 million hotels across 230 countries. 

Juan Otero, CEO and co-founder of Travala, said the new partnership reflected the rise in popularity for cryptocurrency. He also explained that consumer travel was on the rise following months of COVID-19 imposed shutdown. 

He said:

Our latest month-on-month data shows consumer confidence and the desire for travel is returning, with an 81% increase in room nights booked and website traffic up 50% week-on-week.

Binance CEO Changpeng Zhao said Travala had proven its ability “to build a world-class travel booking platform” and was excited by the partnership with Expedia. 

AVA, the native token for Travala, underwent a subsequent price increase following the announcement. As of writing, the coin has appreciated more than 20%. 

Altcoins Move up as Bitcoin Stalls

The AVA token is not the only in the cryptocurrency space growing exponentially so far this year. While the price of bitcoin has been range-bound moving between $9,000 and $10,000 since the beginning of May, various altcoins have been moving up.

Over the last 6 months, the price of BTC is up little over 13% according to CryptoCompare data, while other altcoins have been moving up. Most of these are related to the decentralized finance space, or to blockchains launching new products or announcing specific partnerships.

VeChan's VET, for example, surged after it was announced VeChain was attending the World Artificial Intelligence Conference 2020, hosted by the Shanghai Municipal People's Government. The conference will also be attended by Microsoft, Alibaba, Tencent, Huawei, and Amazon. One VET is changing hands for $0.0148, up from $0.,0055 in January.

As CryptoGlobe reported, Kyber Network's KNC tokens have risen over 650% year-to-date thanks to the upcoming Katalyst update, which will allow token holders to earn ETH rewards while participating in governance by staking their tokens. 

Another altcoin that moved up significantly is OKEx's OKB cryptocurrency. The token, which gives various advantages to the bitcoin exchange's users, is up 74% over the last six months, going from $2.78 to $5 at press time.

day_CryptoCompare_Index_OKB_USDT_231_11594045158429.pngSource: CryptoCompare

OKEx's OKB isn't tied to decentralized finance protocols, which Waves CEO Sasha Ivanov warned could be turning into the  next ICO bubble, but is instead tied to one of the leading crypto exchanges in the world. 

Decentralized finance protocol Aave has also seen the price of its LEND token surge so far this year. While in January the tokens were trading at $0.017, they are now $0.175 -- a 750% increase.

Featured Image Credit: Photo via Pixabay.com