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Cryptocurrency News Articles

Decentraland (MANA) Becomes the VR and Metaverse Platform with the Highest Development Activity

Jan 01, 2025 at 07:03 am

ckchain-based virtual reality platform (VR) and metaverse, Decentraland (MANA) became the platform with the highest development activity among similar projects. Reports from crypto analytic firm Santiment show that Decentraland recorded 116 significant development activities on GitHub in the last 30 days. This note puts it at the top, outperforming other NFT projects.

Decentraland (MANA) Becomes the VR and Metaverse Platform with the Highest Development Activity

Jakarta - Blockchain-based virtual reality (VR) and metaverse platform Decentraland (MANA) emerged as the platform with the highest development activity among its peers.

According to a report by crypto analytics firm Santiment, Decentraland recorded 116 hard-coded significant development activities on GitHub in the last 30 days. This remarkable contribution propelled it to the top, outshining other NFT projects in terms of development activity.

Following closely behind, blockchain Flow (FLOW) secured the second position with 103 development activities, while NFT layer-2 scalability solution Immutable X (IMX) claimed the third spot with 31 development activities. Notably, Santiment calculates this data using a methodology that has been tested to exclude regular updates and instead highlight activities that truly indicate innovation within the respective projects.

According to Santiment, high development activity suggests developer confidence in the project's future and indicates a long-term commitment, making the project less likely to be a scam.

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In terms of market performance, Decentraland (MANA) is currently trading at $0.499, up nearly 2 percent in the last 24 hours, based on CoinMarketCap data. Meanwhile, Flow (FLOW) is trading at $0.728 or around Rp11,793, and Immutable X (IMX) is at US$1.40 or around Rp22,680, up almost 3 percent and 5 percent, respectively.

As a metaverse platform, Decentraland has a flagship feature: digital asset transactions. Users can buy, sell, and manage digital properties in the virtual world developed by Decentraland.

In recent months, Decentraland has consistently maintained its standing as the leader in development activities, including in September, October, and November. This intensive development activity showcases Decentraland's dedication to building a sustainable metaverse ecosystem.

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