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Flow Blockchain Surpasses MANA in NFT Development Activity

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.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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