Ethereum (ETH)-based virtual reality platform Decentraland (MANA) recorded more notable development activity than any other non-fungible token (NFT) project last month, according to crypto analysis firm Santiment.
Santiment notes on social media platform X that Decentraland has registered 168.17 notable GitHub events in the past 30 days.
Flow (FLOW), a layer 1 permissionless blockchain, ranked second with 119.57 events, while Metaplex (MPLX), a decentralized NFT platform built on Solana (SOL), was a distant third with 19.13 Ranked in 1st place.
Santiment said it does not count regular updates and uses “better methodologies” to collect GitHub event data based on “backtested processes.”
The analytics firm has previously said that intense development activity around crypto projects shows that developers believe in the protocol. Development activity also suggests that the project is unlikely to be an exit scam.
At the time of writing, MANA is trading at $0.294. The crypto asset, which ranks 135th by market capitalization, has gained nearly 7% in the past 24 hours.
FLOW is currently trading at $0.539. The crypto asset, which ranks 94th in terms of market capitalization, has gained more than 5% in the past day.
MPX, the 175th ranked cryptocurrency, is trading at $0.416 at the time of writing, down nearly 0.5% over the past 24 hours.
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