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Layer-1 Blockchain Network Passes Decentraland To Become Crypto’s Top Gaming Project for Development: Santiment

June 9, 2024
Reading Time: 3 mins read
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Layer-1 Blockchain Network Passes Decentraland To Become Crypto’s Top Gaming Project for Development: Santiment

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A layer-1 blockchain handed the Ethereum (ETH)-based digital actuality platform Decentraland (MANA) to change into the highest crypto gaming undertaking when it comes to growth exercise, based on the analytics platform Santiment.

Santiment notes that MultiversX (EGLD), previously referred to as Elrond, registered 236.93 notable GitHub occasions, in comparison with 150.4 occasions for Decentraland.

The non-fungible token (NFT) layer-2 scaling resolution Immutable X (IMX) ranked third with 77.4 GitHub occasions, and the Ethereum sidechain Skale Community (SKL) clocked in at fourth with 42.6.

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Supply: Santiment/X

Santiment notes that it doesn’t rely routine updates and makes use of a “higher methodology” to gather information for GitHub occasions primarily based on a “backtested course of.”

The analytics agency has beforehand said that heavy growth exercise centered round a crypto undertaking is a optimistic indication that might imply that the builders imagine the protocol will probably be profitable. It additionally signifies that the undertaking is much less more likely to be an exit rip-off.

MultiversX is a distributed, proof-of-stake blockchain community that’s decentralized by way of greater than 3,000 nodes. The undertaking goals to assist builders construct next-gen functions.

The undertaking’s native token, EGLD, is buying and selling at $35.98. The 103rd-ranked crypto asset by market cap is down greater than 7.5% previously 24 hours and greater than 10% previously month.

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