The layer-1 blockchain has surpassed Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top crypto gaming project in terms of development activity, according to analytics platform Santiment.
Santiment reports that MultiversX (EGLD), formerly known as Elrond, registered 236.93 noteworthy GitHub events, compared to Decentraland’s 150.4 events.
Non-Fungible Token (NFT) layer 2 scaling solution Immutable
Santiment points out that it doesn’t count routine updates and uses “better methodologies” to collect data on GitHub events based on “backtested processes.”
The analytics firm has previously said that excessive development activity around cryptocurrency projects is a positive sign that could mean developers believe the protocol will succeed. This also indicates that the project is unlikely to be an exit scam.
MultiversX is a decentralized proof-of-stake blockchain network with over 3,000 nodes. The project aims to help developers build next-generation applications.
The project’s native token, EGLD, is trading at $35.98. The 103rd-largest cryptocurrency asset by market capitalization has fallen more than 7.5% in the past 24 hours and more than 10% in the past month.
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