MultiversX (EGLD) Leads in Gaming Development Activity

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

Santiment notes on the social media platform X that MultiversX, formerly known as Elrond, registered 212.17 notable GitHub events in the past 30 days.

The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) ranks second, clocking 168.93 events, while the Ethereum layer-2 protocol Skale Network (SKL) stands in third with 41.07.

MultiversX and Decentraland have occupied the number one and two spots in previous months, according to Santiment.

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 mentioned that heavy development activity around a crypto project is a positive sign, indicating developer confidence in the protocol’s success. It also suggests a lower likelihood of the project being an exit scam.

MultiversX is a distributed, proof-of-stake blockchain network that is decentralized via more than 3,500 nodes. The project aims to help developers build next-gen applications.

The project’s native token, EGLD, is trading at $18.10 at the time of writing. The 139th-ranked crypto asset by market cap is up more than 3% in the past 24 hours.

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