A proof-of-stake blockchain has surpassed Decentraland, an Ethereum-based virtual reality platform, to become the leading non-fungible token (NFT)-related crypto project in terms of development activity, as reported by the analytics platform Santiment.
Santiment revealed that Flow, a layer-1 permissionless blockchain, recorded 190.77 significant GitHub events in the last 30 days, surpassing Decentraland’s 144.9 events. Following closely behind, Metaplex, a decentralized NFT platform on Solana, ranked third with 23.07 GitHub events, while the blockchain gaming project Axie Infinity secured the fourth spot with 17.97 events.
According to Santiment, routine updates are not included in their analysis, and they use a refined methodology to gather data on GitHub events through a rigorous process.
The analytics firm has emphasized that intense development activity surrounding a crypto project indicates a strong belief in the protocol by developers and reduces the likelihood of an exit scam.
Decentraland recently slipped from the top position on Santiment’s list of leading crypto gaming projects by development activity, now trailing MultiversX, a distributed proof-of-stake blockchain network with over 3,000 nodes.
At the time of writing, FLOW is trading at $0.735, experiencing a nearly 6% decline in the past 24 hours. This 84th-ranked crypto asset by market cap continues to show volatility in the market.
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