Santiments Rankings of NFT Projects by Development Show Ethereums Virtual Reality Platform Decentraland Takes the Lead
The virtual reality platform Decentraland, which is based on the Ethereum (ETH) blockchain, has seen significant development activity compared to other non-fungible token (NFT) projects in the past month, according to crypto analytics firm Santiment.
Santiment reported on social media platform X that Decentraland had 168.17 notable GitHub events in the last 30 days. Flow (FLOW), a layer-1 permissionless blockchain, came in second with 119.57 events, while Metaplex (MPLX), a decentralized NFT platform built on Solana (SOL), ranked a distant third with 19.13 events.
Santiment clarified that routine updates were not included in the count and that they used a “better methodology” to collect data for GitHub events based on a “backtested process.” The firm has previously stated that high development activity indicates that developers have confidence in the project and reduces the likelihood of it being an exit scam.
At the time of writing, MANA is trading at $0.294. The cryptocurrency is ranked 135th by market cap and has seen an increase of nearly 7% in the past 24 hours.
FLOW is currently trading at $0.539 and is ranked 94th by market cap. It has experienced a gain of over 5% in the past day.
MPX, ranked 175th, is trading at $0.416 and has seen a slight decrease of 0.5% in the past 24 hours.
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