Ethereum-Based Virtual Reality Platform Decentraland Tops Santiment’s Rankings of NFT Projects by Development

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

Santiment notes on the social media platform X that Decentraland registered 168.17 notable GitHub events in the past 30 days.

Flow ( FLOW ), a layer-1 permissionless blockchain, ranked second with 119.57 events, and Metaplex ( MPLX ), a decentralized NFT platform built on Solana ( SOL ), placed in a distant third with 19.13.

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 $0.294 at time of writing. The 135th-ranked crypto asset by market cap is up nearly 7% in the past 24 hours.

FLOW is currently trading at $0.539. The 94th-ranked crypto asset by market cap is up more than 5% in the past day.

MPX, the 175th-ranked crypto asset, is trading at $0.416 at time of writing and is down nearly 0.5% in the past 24 hours.

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