A cutting-edge layer-1 blockchain has outperformed the Ethereum (ETH) based virtual reality platform Decentraland (MANA) to claim the top spot as the leading crypto gaming project in terms of development activity, as reported by the analytics platform Santiment.
According to Santiment, MultiversX (EGLD), previously known as Elrond, recorded an impressive 236.93 significant GitHub events, surpassing Decentraland’s 150.4 events. Following closely behind, the non-fungible token (NFT) layer-2 scaling solution Immutable X (IMX) secured the third spot with 77.4 GitHub events, while the Ethereum sidechain Skale Network (SKL) ranked fourth with 42.6 events.
Santiment emphasizes that routine updates are not included in their calculations, as they employ a “better methodology” to gather data on GitHub events through a meticulously backtested process.
The analytics firm has previously highlighted that a high volume of development activity surrounding a crypto project is a positive sign, indicating that developers are confident in the protocol’s success and reducing the likelihood of an exit scam.
MultiversX operates as a decentralized proof-of-stake blockchain network with over 3,000 nodes, aiming to facilitate the creation of cutting-edge applications by developers. The project’s native token, EGLD, is currently priced at $35.98. Despite being ranked 103rd by market cap, the asset has experienced a decline of over 7.5% in the last 24 hours and more than 10% in the past month.
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