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MultiversX (EGLD) Clocks More Development Activity Than Any Other Crypto Gaming Project: Santiment

August 31, 2024

The layer-1 blockchain MultiversX (EGLD) is dominating the crypto gaming sector in terms of development activity, according to the analytics firm Santiment.

Santiment notes that MultiversX, formerly known as Elrond, registered 228.73 notable GitHub events in the past 30 days.

The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) was second, clocking 195.03 events.

Wrapped Nine Chronicles Gold (WNCG), the ERC-20 version of NCG, came in third, registering 110.37. NCG is the in-game currency for Nine Chronicles, a fully open-sourced online role-playing game (RPG) without servers.

Santiment notes that it doesn’t count routine updates and uses a “better methodology” to collect data for GitHub events based on a “backtested process.”

The analytics firm has previously said that heavy development activity centered around a crypto project is a positive indication that could mean that the developers believe the protocol will be successful. It also indicates that the project is less likely to be an exit scam.

MultiversX is a distributed, proof-of-stake blockchain network that is decentralized via more than 3,000 nodes. The project aims to help developers build next-gen applications.

The project’s native token, EGLD, is trading at $30.48 at time of writing. The 91st-ranked crypto asset by market cap is up nearly 3% in the past 24 hours.

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