Virtual Reality Platform Decentraland Continues To Lead Santiment’s Rankings of Top NFT Projects by Development

The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) continues to clock more development activity than any other non-fungible token (NFT) project, according to the crypto analytics firm Santiment.

Santiment notes on the social media platform X that Decentraland registered 116.27 notable GitHub events in the past 30 days.

Decentraland also led the rankings in November, October, and September.

Flow (FLOW), a layer-1 permissionless blockchain, ranked second with 103.87 events, while the NFT layer-2 scaling solution Immutable X (IMX) ranked a distant third with 31.43.

Source: Santiment

Santiment notes that it does not count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”

The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam.

MANA is trading at $0.499 at time of writing. The 127th-ranked crypto asset by market cap is up nearly 2% in the past 24 hours.

FLOW is trading at $0.728 at time of writing. The 106th-ranked asset by market cap is up nearly 3% in the past day.

IMX is trading at $1.40 at time of writing. The 61st-ranked crypto asset by market cap is up nearly 5% in the past 24 hours.

Generated Image: Midjourney

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