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Home»ALTCOIN NEWS»MultiversX (EGLD) records more development activity than any other crypto game project: Santiment
ALTCOIN NEWS

MultiversX (EGLD) records more development activity than any other crypto game project: Santiment

By Crypto FlexsSeptember 1, 20242 Mins Read
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MultiversX (EGLD) records more development activity than any other crypto game project: Santiment
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According to analytics firm Santiment, Layer 1 blockchain MultiversX (EGLD) dominates the crypto gaming sector in terms of development activity.

According to Santiment, MultiversX, formerly known as Elrond, has registered 228.73 notable GitHub events in the last 30 days.

Decentraland (MANA), an Ethereum (ETH)-based virtual reality platform, ranked second with 195.03 events.

Wrapped Nine Chronicles Gold (WNCG), the ERC-20 version of NCG, ranked third with 110.37. NCG is the in-game currency of Nine Chronicles, a serverless, fully open-source online role-playing game (RPG).

Source: Santiment/X

Santiment notes that it uses a “better methodology” to collect data on GitHub events based on a “backtested process” rather than counting routine updates.

The analytics firm has previously said that large-scale development activity around a crypto project is a positive indicator that developers believe the protocol will succeed. It also indicates that the project is less likely 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 $30.48 at the time of writing. The 91st largest cryptocurrency by market cap is up about 3% over the past 24 hours.

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