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Home»ALTCOIN NEWS»Layer 1 Blockchain Network Passes Decentraland, Becomes Cryptocurrency’s Top Developed Gaming Project: Santiment
ALTCOIN NEWS

Layer 1 Blockchain Network Passes Decentraland, Becomes Cryptocurrency’s Top Developed Gaming Project: Santiment

By Crypto FlexsJune 9, 20242 Mins Read
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Layer 1 Blockchain Network Passes Decentraland, Becomes Cryptocurrency’s Top Developed Gaming Project: Santiment
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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

Source: Santiment/X

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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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.

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