In a recent report released by Outlier Ventures, analysts found a decline in activity across 12 of the leading blockchain and cryptocurrency development projects. The average rate of decline was 20 percent. Outlier Ventures is a blockchain and artificial intelligence investment business. In the report, which looked at the second quarter of 2020, analysts explained that development dropped by half for Bitcoin Cash, EOS and Tron.

Even though there was a drop in building, analysts stated that there were some solid signs of development activity around a few specific cryptocurrency projects. Those projects include Theta and Cardano. They had core coding updates of 931 percent and 580 percent.

EOS had the largest drop in development code. It fell 86 percent. Bitcoin cash had the second-largest activity decline of about 63 percent. The analysts at Outlier Ventures attributed a lot of the drop to the Bitcoin SV fork that occurred in November 2018. However, that was a lifetime ago in the world of cryptocurrency. Tron also had a steep decline of about 53 percent. Cardano, Bitcoin, Corda and Ethereum all had activity decreases around 20 percent. Ripple, Stellar and Hyper Ledger had smaller decreases compared to the second quarter of 2019.

Cosmos had an increase in total development of 44 percent. Polkadot was the only other project to have a total development increase. Theirs was around 15 percent. The report issued by Outlier Ventures also detailed the number of weekly commitments and coding updates for the best 30 open-source protocols. They did this for Corda and Hyper Ledger.

There weekly coding updates for EOS dropped by 94 percent, Tron's dropped by 96 percent and Maker DAO had a decrease of 98 percent. Some of the other declines included VeChain, Neo, Crypto.com, Stellar, Cosmos, Polkadot, BSV and IOTA. Their declines were smaller but still significant. On the other hand more than half of the projects that Outlier Ventures analyzed had a big increase in the updates to their codes. These projects included Bitcoin, Chain Link and Ethereum Classic. The recent Memorial day holiday, COVID-19 and a summer slump could be to blame.