Layer-1 Project MultiversX Continues To Top the Crypto Gaming Sector in Terms of Development Activity: Santiment
The layer-1 blockchain MultiversX ( EGLD ) continues to lead the digital asset gaming sector in the realm of development activity, according to the crypto analytics firm Santiment.
Santiment notes on the social media platform X that MultiversX, formerly known as Elrond, registered 212.17 notable GitHub events in the past 30 days.
The Ethereum ( ETH )-based virtual reality platform Decentraland ( MANA ) ranks second, clocking 168.93 events, and the Ethereum layer-2 protocol Skale Network ( SKL ) is a distant third with 41.07.
MultiversX and Decentraland have occupied the number one and two spots in previous months as well, according to Santiment .
Source: Santiment/X
Santiment notes that it doesn’t count routine updates and uses 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 is a positive indication that could mean that the developers believe the protocol will be successful. It also indicates that the project is less likely to be an exit scam.
MultiversX is a distributed, proof-of-stake blockchain network that is decentralized via more than 3,500 nodes. The project aims to help developers build next-gen applications.
The project’s native token, EGLD, is trading at $18.10 at time of writing. The 139th-ranked crypto asset by market cap is up more than 3% in the past 24 hours.
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