Virtual Reality Platform Decentraland Outpaces All Other NFT Projects in Terms of Recent Development: Santiment
The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) continues to surpass all other non-fungible token (NFT) projects in terms of recent development activity, according to the crypto analytics firm Santiment.
Santiment notes on the social media platform X that Decentraland registered 143 notable GitHub events in the past 30 days.
Decentraland also led the rankings in December, November, October, and September.
Flow (FLOW), a layer-1 permissionless blockchain, continues to occupy the number two spot, with 114.9 notable events. Metaplex (MPLX), a decentralized NFT platform built on Solana (SOL), moved into third with 42.47 events, passing the NFT layer-2 scaling solution Immutable X (IMX), which clocked 37.73.
Santiment notes that it does not count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”
The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam.
Decentraland’s native asset, MANA, is trading at $0.307 at time of writing. The 136th-ranked crypto asset by market cap is down more than 31% in the past seven days and more than 37% in the past month.
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