Decentraland Tops Development Activity Among NFT-Linked Tokens

According to CryptoPotato, Decentraland (MANA) is leading in development activity among Non-fungible tokens (NFTs) and related cryptocurrencies. Despite the return of interest in these assets, tokens like Axie Infinity (AXS) are still far below their historical peak values, indicating the continued volatility of the NFT market.

A few years ago, NFTs and related cryptocurrencies were a significant trend. Their popularity waned during the 2022-2023 bear market, but they have recently begun to regain the attention of industry participants. The crypto market intelligence platform, Santiment, has listed the top 10 NFT-linked tokens based on development activity in the past 30 days. Decentraland (MANA) tops the list with a ratio of 267.57, followed by Flow (FLOW) with 234.7, and Metaplex (MPLX) with 40.43. Enjin Coin (ENJ), which saw a significant increase in trading volume in the last 24 hours, comes next with 14.97, while The Sandbox (SAND) completes the top five with 14.9.

The sixth spot is occupied by a lesser-known cryptocurrency, Aavegotchi (GHST). However, the seventh spot is held by Axie Infinity (AXS), the governance token of the eponymous gaming universe. Despite being one of the most popular coins in the niche, with a current market capitalization of nearly $1 billion, AXS is still far from its peak in November 2021 when its market cap exceeded $10 billion and its price reached $160. The bottom of Santiment’s ranking includes Monavale (MONA), NFTX (NFTX), and Punk (PUNK), all NFT-related cryptocurrencies.