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The Daily Hodl 2024-12-28 17:55:04

Virtual Reality Platform Decentraland Continues To Lead Santiment’s Rankings of Top NFT Projects by Development

The Ethereum ( ETH )-based virtual reality platform Decentraland ( MANA ) continues to clock more development activity than any other non-fungible token (NFT) project, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Decentraland registered 116.27 notable GitHub events in the past 30 days. Decentraland also led the rankings in November , October , and September . Flow ( FLOW ), a layer-1 permissionless blockchain, ranked second with 103.87 events, while the NFT layer-2 scaling solution Immutable X ( IMX ) ranked a distant third with 31.43. Source: Santiment Santiment notes that it does not count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.” The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam. MANA is trading at $0.499 at time of writing. The 127th-ranked crypto asset by market cap is up nearly 2% in the past 24 hours. FLOW is trading at $0.728 at time of writing. The 106th-ranked asset by market cap is up nearly 3% in the past day. IMX is trading at $1.40 at time of writing. The 61st-ranked crypto asset by market cap is up nearly 5% in the past 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Virtual Reality Platform Decentraland Continues To Lead Santiment’s Rankings of Top NFT Projects by Development appeared first on The Daily Hodl .