A proof-of-stake blockchain has overtaken the Ethereum-based virtual reality platform Decentraland (MANA) to become the leading NFT-related crypto project in development activity, according to analytics platform Santiment.
Flow (FLOW) Leads in Development Activity
Santiment reports that Flow (FLOW), a layer-1 permissionless blockchain, recorded 190.77 notable GitHub events over the past 30 days. This surpasses Decentraland, which registered 144.9 events. Metaplex (MPLX), an NFT platform on Solana (SOL), ranked third with 23.07 events, followed by Axie Infinity (AXS) with 17.97 events.
Superior Methodology for Tracking Development
Santiment emphasizes that it does not count routine updates and uses a refined methodology to track GitHub events based on a backtested process. The firm previously noted that significant development activity around a crypto project indicates strong developer confidence in the protocol and suggests that the project is less likely to be an exit scam.
Shifts in Top Crypto Gaming Projects
Decentraland recently dropped from the top position in Santiment’s list of leading crypto gaming projects by development activity, now ranking second behind MultiversX (EGLD), a decentralized proof-of-stake blockchain network with over 3,000 nodes.
Current Market Performance
As of the time of writing, Flow (FLOW) is trading at $0.735. The 84th-ranked crypto asset by market cap has seen a nearly 6% decline in the past 24 hours.
