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MultiversX (EGLD) Continues To Lead All Crypto Gaming Projects in Level of Development Activity: Santiment

October 05, 2024

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

Santiment notes in a new post on the social media platform X that MultiversX, formerly known as Elrond, registered 264.9 notable GitHub events in the past 30 days.

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. It has led the crypto gaming sector in terms of GitHub events since it passed the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) in May.

Decentraland remains in second in the space with 174.47 notable GitHub events in the past 30 days. The non-fungible token (NFT) layer-2 scaling solution Immutable X (IMX) came in third with 78.37.

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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.

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