Ethereum (ETH)-based virtual reality platform Decentraland (MANA) has clocked more notable development activity in the past month than any other non-fungible token (NFT) project, according to crypto analytics firm Santiment.
Santiment notes on the social media platform
Flow (FLOW), a permissionless layer 1 blockchain, comes in second with 119.57 events, and Metaplex (MPLX), a decentralized NFT platform built on Solana (SOL), comes in a distant third with 19.13.
Santiment notes that it does not count routine updates and uses a “better methodology” to collect data for GitHub events based on a “backtested process.”
The analytics company has done that before said that heavy development activity around a crypto project indicates that developers believe in the protocol. Development activity also suggests the project is less likely to be an exit scam.
MANA is trading at $0.294 at the time of writing. The 135th-ranked crypto asset by market capitalization is up nearly 7% in the past 24 hours.
FLOW is currently trading at $0.539. The 94th-ranked crypto asset by market capitalization is up more than 5% in the past day.
MPX, the 175th crypto asset, is trading at $0.416 at the time of writing and is down almost 0.5% over the past 24 hours.
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Credit : dailyhodl.com
