Tags: Avalanche

Harmony led with a 26% rise in developer activity, followed by Gnosis (+25%), Avalanche (+23%), and Arbitrum (+20%).

The total crypto market cap slumped from over $3.8 trillion to under $3.6 trillion at one point.

Developer activity surged by 10.7% for Layer 1 blockchain Solana in October.

This initiative shows increasing blockchain acceptance in government, hinting at more investment and exploration in public sectors.