Development Activity Surge
Flow, a proof-of-stake blockchain, has overtaken Decentraland, an Ethereum-based virtual reality platform, as the top crypto project for non-fungible token (NFT) development, according to analytics firm Santiment.
Flow recorded 190.77 significant GitHub events in the past 30 days, compared to Decentraland’s 144.9. Metaplex, a decentralized NFT platform on Solana, ranked third with 23.07 events, and Axie Infinity, a blockchain gaming project, came in fourth with 17.97.
Importance of Development Activity
Santiment emphasizes that high development activity indicates developer confidence in a project and reduces the likelihood of it being an exit scam.
Decentraland’s Decline
Decentraland has also dropped from the top spot in Santiment’s list of crypto gaming projects by development activity, falling behind MultiversX, a proof-of-stake blockchain network.
Flow’s Market Performance
At the time of writing, Flow is trading at $0.735, down nearly 6% in the past 24 hours. It ranks 84th in market capitalization.
