Decentraland, a virtual reality platform built on Ethereum, is making waves in the NFT world. According to crypto analytics firm Santiment, Decentraland has seen more development activity than any other NFT project in the past month.
Decentraland’s Development Dominance
Santiment tracked over 168 notable development events on Decentraland’s GitHub repository in the past 30 days. This puts it ahead of other popular NFT projects like Flow and Metaplex.
Santiment uses a “backtested process” to analyze GitHub events, focusing on significant updates rather than routine changes.
What Does This Mean for Decentraland?
High development activity is a positive sign for any crypto project. It suggests that developers are confident in the project’s future and are actively working to improve it. This also makes it less likely that the project is a scam.
Price Action
Decentraland’s MANA token is currently trading at $0.294, up nearly 7% in the past 24 hours.
Flow’s FLOW token is trading at $0.539, up over 5% in the past day.
Metaplex’s MPLX token is trading at $0.416, down slightly in the past 24 hours.
