Santiment ProofofStake Blockchain Surpasses Decentraland to Emerge as Leading NFT Project in Crypto Development
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Santiment ProofofStake Blockchain Surpasses Decentraland to Emerge as Leading NFT Project in Crypto Development

A proof-of-stake blockchain has surpassed Decentraland, an Ethereum-based virtual reality platform, to become the leading non-fungible token (NFT)-related crypto project in terms of development activity, as reported by the analytics platform Santiment.

According to Santiment, Flow, a layer-1 permissionless blockchain, has recorded 190.77 notable GitHub events in the past month, surpassing Decentraland’s 144.9 events. Following closely behind is Metaplex, a decentralized NFT platform on Solana, with 23.07 GitHub events, and the blockchain gaming project Axie Infinity with 17.97 events.

Santiment emphasizes that routine updates are not included in their analysis, and they use a refined methodology to collect data on GitHub events through a tested process.

The firm has previously stated that high development activity within a crypto project signifies developer confidence in the protocol and reduces the likelihood of an exit scam.

Decentraland has also slipped from the top spot on Santiment’s list of leading crypto gaming projects by development activity, now trailing behind MultiversX, a distributed proof-of-stake blockchain network with over 3,000 decentralized nodes.

At the time of writing, FLOW is trading at $0.735, experiencing a nearly 6% decline in the past 24 hours. This 84th-ranked crypto asset by market cap continues to show fluctuations in its price.

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