Virtual Reality Platform Decentraland Continues To Lead Santiment’s Rankings of Top NFT Projects by Development
Decentraland (MANA), the Ethereum-based virtual reality platform, continues to lead in development activity among non-fungible token (NFT) projects, according to Santiment, a prominent crypto analytics firm. Over the past 30 days, Decentraland registered 116.27 notable GitHub events, maintaining its position as the top-ranked project in this category. This marks its continued dominance in development activity through November, October, and September.
In comparison, Flow (FLOW), a layer-1 permissionless blockchain, came in second with 103.87 events, while Immutable X (IMX), an NFT layer-2 scaling solution, ranked third with 31.43 events. Santiment emphasizes that its methodology excludes routine updates, focusing on significant development activities that reflect a project's long-term commitment and credibility.
The firm suggests that heavy development activity is an indicator that developers are confident in a project’s protocol, which can also signal a lower likelihood of the project being an exit scam.
At the time of writing:
MANA (Decentraland) is trading at $0.499, up nearly 2% in the past 24 hours.
FLOW (Flow) is trading at $0.728, up about 3% in the past day.
IMX (Immutable X) is trading at $1.40, up nearly 5% in the past 24 hours.
These metrics underscore Decentraland’s continued leadership in the NFT space and its active developer community, contributing to its resilience and future growth in the virtual reality sector.
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