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Ethereum-based virtual reality platform Decentraland tops Santiment’s ranking of NFT projects by development

Published

11 months ago

October 13, 2024

Ethereum (ETH)-based digital actuality platform Decentraland (MANA) has clocked extra notable growth exercise previously month than every other non-fungible token (NFT) mission, based on crypto analytics agency Santiment.

Santiment notes on the social media platform

Movement (FLOW), a permissionless layer 1 blockchain, is available in second with 119.57 occasions, and Metaplex (MPLX), a decentralized NFT platform constructed on Solana (SOL), is available in a distant third with 19.13.

Santiment notes that it doesn’t rely routine updates and makes use of a “higher methodology” to gather information for GitHub occasions primarily based on a “backtested course of.”

The analytics firm has carried out that earlier than said that heavy growth exercise round a crypto mission signifies that builders imagine within the protocol. Improvement exercise additionally suggests the mission is much less prone to be an exit rip-off.

MANA is buying and selling at $0.294 on the time of writing. The One hundred and thirty fifth-ranked crypto asset by market capitalization is up almost 7% previously 24 hours.

FLOW is at present buying and selling at $0.539. The 94th-ranked crypto asset by market capitalization is up greater than 5% previously day.

MPX, the a hundred and seventy fifth crypto asset, is buying and selling at $0.416 on the time of writing and is down nearly 0.5% over the previous 24 hours.

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