The MultiversX Layer 1 blockchain (EGLD) continues to dominate the digital asset gaming sector in terms of development activity, according to crypto analytics firm Santiment.
Santiment notes in a new post on social media platform
MultiverseX is a distributed, proof-of-stake blockchain network decentralized through over 3,000 nodes. The project aims to help developers create next-generation applications. It has dominated the crypto gaming sector in terms of GitHub events since adopting Ethereum (ETH)-based virtual reality platform Decentraland (MANA) in May.
Decentraland remains second in this area with 174.47 notable GitHub events over the past 30 days. Non-fungible token (NFT) layer 2 scaling solution Immutable X (IMX) came in third with 78.37.
Santiment notes that it does not consider routine updates and uses a “better methodology” to collect data for GitHub events based on a “backtested process.”
The analytics firm previously said that strong development activity centered around a crypto project is a positive indication that could mean developers believe the protocol will succeed. This also indicates that the project is less likely to be an exit scam.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
