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, according to Santiment, an analytics platform.

Santiment reported that Flow, a layer-1 permissionless blockchain, had 190.77 notable GitHub events in the last 30 days, outpacing Decentraland’s 144.9 events. Metaplex, a decentralized NFT platform on Solana, ranked third with 23.07 GitHub events, followed by Axie Infinity, a blockchain gaming project, in fourth place with 17.97 events.

Santiment clarified that routine updates are not included in their count and they utilize a “better methodology” to collect data for GitHub events through a “backtested process.” The firm believes that heavy development activity signifies developer confidence in the protocol and reduces the likelihood of an exit scam.

Decentraland recently dropped to second place on Santiment’s list of top crypto gaming projects by development activity, with MultiversX taking the lead. MultiversX is a distributed proof-of-stake blockchain network with over 3,000 decentralized nodes.

At the time of writing, FLOW is trading at $0.735, down nearly 6% in the past 24 hours. Despite its ranking as the 84th crypto asset by market cap, it remains active in development.

Stay updated by subscribing to receive email alerts directly to your inbox. Follow us on X, Facebook, and Telegram for the latest news and updates.

Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors are advised to conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. All transfers and trades are done at the individual’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it serve as an investment advisor. Please be aware that The Daily Hodl participates in affiliate marketing.