Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

Daily HodlDaily Hodl2024/10/04 16:00
By:by Daily Hodl Staff

The layer-1 blockchain MultiversX ( EGLD ) continues to lead the digital asset gaming sector in terms of development activity, according to the crypto analytics firm Santiment.

Santiment notes in a new post on the social media platform X that MultiversX, formerly known as Elrond, registered 264.9 notable GitHub events in the past 30 days.

MultiversX is a distributed, proof-of-stake blockchain network that is decentralized via more than 3,000 nodes. The project aims to help developers build next-gen applications. It has led the crypto gaming sector in terms of GitHub events since it passed the Ethereum ( ETH )-based virtual reality platform Decentraland ( MANA ) in May.

Decentraland remains in second in the space with 174.47 notable GitHub events in the past 30 days. The non-fungible token (NFT) layer-2 scaling solution Immutable X ( IMX ) came in third with 78.37.

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.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!