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Layer-1 Blockchain Network Surpasses Decentraland to Become Crypto’s Leading Gaming Development Project: Santiment
A Layer 1 Blockchain Overtook Ethereum (ET) virtual reality platform based on Decentraland (MANA) to become the leading cryptocurrency gaming project in terms of development activity, according to analytics platform Santiment.
Most Holy Notes that MultiversX (EGLD), formerly known as Elrond, recorded 236.93 noteworthy GitHub events, compared to Decentraland’s 150.4 events.
The non-fungible token (NFT) layer 2 scaling solution ImmutableIMX) ranked third with 77.4 GitHub events and the Ethereum sidechain Skale Network (SKL) came fourth with 42.6.
Source: Santiment/X
Santiment points out that it doesn’t account for routine updates and uses a “better methodology” to collect data for GitHub events based on a “backtested process.”
The analyst firm has done this before She said that intense development activity focused on a crypto project is a positive indication that could mean that 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 decentralized across more than 3,000 nodes. The project aims to help developers create next-generation applications.
The project’s native token, EGLD, trades at $35.98. The 103rd largest cryptocurrency by market capitalization has fallen more than 7.5% in the last 24 hours and more than 10% in the last month.
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