Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
What Blockchain Project is Leading Development Activity in the Gaming Sector?

What Blockchain Project is Leading Development Activity in the Gaming Sector?

Cryptodnes2024/10/06 17:09
By:Cryptodnes

According to crypto analytics firm Santiment, the layer-1 blockchain MultiversX (EGLD) is at the forefront of development activity in the digital asset gaming sector.

In a recent update , Santiment reported that MultiversX, previously known as Elrond, recorded 264.9 significant GitHub events in the last month.

MultiversX operates as a decentralized proof-of-stake blockchain network supported by over 3,000 nodes. Its primary objective is to facilitate the development of next-generation applications. Since surpassing Ethereum-based virtual reality platform Decentraland (MANA) in May, MultiversX has consistently led in GitHub activity within the crypto gaming space.

Currently, Decentraland holds the second position with 174.47 notable GitHub events in the past 30 days, while the layer-2 NFT scaling solution Immutable X (IMX) ranks third with 78.37 events.

READ MORE:
XRP: What’s Next for the Price After This Week’s Decline?

Santiment emphasizes that its methodology for tracking GitHub events is more refined, as it excludes routine updates and relies on a backtested process. The firm has previously highlighted that robust development activity around a crypto project typically signals developers’ confidence in the protocol’s future success, suggesting that the project is less likely to engage in fraudulent behavior.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11