Santiment Layer1 Blockchain Network Surpasses Decentraland as Leading Gaming Project in Crypto Development
A blockchain project has surpassed Decentraland (MANA) to become the leading crypto gaming project in terms of development activity, according to analytics platform Santiment. MultiversX (EGLD), formerly known as Elrond, recorded 236.93 significant GitHub events, outperforming Decentraland’s 150.4 events. Immutable X (IMX), a non-fungible token (NFT) layer-2 scaling solution, ranked third with 77.4 GitHub events, while the Ethereum sidechain Skale Network (SKL) came in fourth with 42.6 events.
Santiment emphasizes that routine updates are not included in their count of GitHub events, as they use a refined methodology to gather data based on a thorough process. The firm believes that high development activity within a crypto project is a positive sign, indicating confidence from developers in the project’s success and reducing the likelihood of an exit scam.
MultiversX is a decentralized blockchain network utilizing proof-of-stake consensus through over 3,000 nodes. The project’s goal is to support developers in creating advanced applications. The native token of the project, EGLD, is currently trading at $35.98. Despite being ranked 103rd by market capitalization, it has experienced a decline of over 7.5% in the past 24 hours and more than 10% in the last month.
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