Proof-of-Stake Blockchain Leapfrogs Decentraland To Become Crypto’s Top NFT Project for Development: Santiment

A proof-of-stake blockchain leapfrogged the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top non-fungible token (NFT)-related crypto project in terms of development activity, according to the analytics platform Santiment.

Santiment notes that Flow (FLOW), a layer-1 permissionless blockchain, registered 190.77 notable GitHub events in the past 30 days, compared to 144.9 for Decentraland.

Metaplex (MPLX), a decentralized NFT platform built on Solana (SOL), ranked third with 23.07 GitHub events, and the blockchain gaming project Axie Infinity (AXS) ranked fourth with 17.97.

Source: Santiment/X

Santiment notes that it doesn’t 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.

Decentraland also recently fell from the top of Santiment’s list of top crypto gaming projects by development activity, dropping to the number two spot behind MultiversX (EGLD), a distributed, proof-of-stake blockchain network that is decentralized via more than 3,000 nodes.

FLOW is trading at $0.735 at time of writing. The 84th-ranked crypto asset by market cap is down nearly 6% in the past 24 hours.

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