Zcash developer activity has fallen to its lowest level since 2021 as a governance dispute weighs on sentiment and ZEC extends a two-month decline.
Developer activity on the privacy-focused cryptocurrency Zcash has fallen to its lowest level in years, as a governance dispute and a prolonged price decline weigh on the project’s ecosystem.
Data from market intelligence firm Santiment shared in a Thursday X post shows that developer activity tied to Zcash dropped to its weakest level since November 2021. Over the same period, the Zcash (ZEC) token has fallen about 40% over the past two months.
“Historically, rising development activity leads to standout altcoins being able to emerge above the pack. The opposite result holds true for those that ‘let off the gas’ and decline in their efforts to consistently innovate and improve,” said Santiment.
