Decentraland, a virtual reality platform running on the Ethereum blockchain, is crushing it when it comes to development, according to crypto analytics firm Santiment.
Leading the Pack in Development
Over the past month, Decentraland saw a whopping 143 significant GitHub events. This isn’t a one-off; Decentraland has held the top spot for development activity since September. Coming in second was Flow, a layer-1 blockchain, with 114.9 events, followed by Metaplex (a Solana-based NFT platform) and Immutable X.
Santiment uses a refined method to track GitHub activity, focusing on meaningful events rather than routine updates. They believe strong development activity is a positive sign, suggesting developer confidence and reducing the risk of scams.
MANA’s Price Performance
Decentraland’s native token, MANA, is currently trading around $0.307. However, it’s worth noting that the price has taken a bit of a hit recently, down over 31% in the past week and more than 37% in the last month.
The Bottom Line
Despite the recent price dip, Decentraland’s robust development activity suggests a strong underlying project. Whether this translates to future price increases remains to be seen. Always do your own research before investing in cryptocurrencies.
