Ethereum (ETH)-based virtual reality platform Decentraland (MANA) has recorded more notable development activity than any other non-fungible token (NFT) project over the past month, according to cryptocurrency analytics firm Santiment.
Santiment mentioned social media platform
Flow (FLOW), a layer 1 permissionless blockchain, took second place with 119.57 events, and Metaplex (MPLX), a decentralized NFT platform built on Solana (SOL), took third place with 19.13 events.
Santiment points out that it doesn’t count regular updates and leverages “better methodologies” to collect data on GitHub events based on “backtested processes.”
The analytics firm previously said that the heavy development activity around cryptocurrency projects indicates that developers believe in the protocol. Development activity also suggests that the project is unlikely to become an exit scam.
MANA is trading at $0.294 at the time of this writing. The 135th-largest cryptocurrency asset by market capitalization is up nearly 7% in the last 24 hours.
FLOW is currently trading at $0.539. The 94th-ranked cryptocurrency by market capitalization rose more than 5% in the past day.
MPX, the 175th ranked cryptocurrency asset, is trading at $0.416 at the time of writing and is down nearly 0.5% in the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney