Layer-1 Blockchain Network Passes Decentraland To Become Crypto’s Top Gaming Project for Development: Santiment

Layer-1 Blockchain Network Passes Decentraland To Become Crypto’s Top Gaming Project for Development: Santiment

A layer-1 blockchain passed the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top crypto gaming project in terms of development activity, according to the analytics platform Santiment.

Santiment notes that MultiversX (EGLD), formerly known as Elrond, registered 236.93 notable GitHub events, compared to 150.4 events for Decentraland.

The non-fungible token (NFT) layer-2 scaling solution Immutable X (IMX) ranked third with 77.4 GitHub events, and the Ethereum sidechain Skale Network (SKL) clocked in at fourth with 42.6.

Image

Source: Santiment/X

Santiment notes that it doesn’t count routine updates and uses 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 is a positive indication that could mean that the developers believe the protocol will be successful. It also indicates that the project is less likely to be an exit scam.

MultiversX is a distributed, proof-of-stake blockchain network that is decentralized via more than 3,000 nodes. The project aims to help developers build next-gen applications.

The project’s native token, EGLD, is trading at $35.98. The 103rd-ranked crypto asset by market cap is down more than 7.5% in the past 24 hours and more than 10% in the past month.

Generated Image: Midjourney

Leave a Reply

Your email address will not be published. Required fields are marked *