A layer 1 blockchain overtook the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top crypto gaming project in terms of development activity, according to analytics platform Santiment.
Santiment notes that MultiversX (EGLD), formerly known as Elrond, recorded 236.93 notable GitHub events, compared to 150.4 events for Decentraland.
The non-fungible token (NFT) layer-2 scaling solution Immutable
Source: Santiment/X
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 firm has previously said that heavy development activity around a crypto project is a positive indicator that could mean 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 that is decentralized through more than 3,000 nodes. The project aims to help developers build next-gen applications.
The project’s native token, EGLD, is trading at $35.98. The 103rd-ranked crypto asset by market capitalization is down more than 7.5% in the past 24 hours and more than 10% in the past month.
Generated image: Midjourney
