Stay Updated on NFT-Linked Tokens Development Activity
Non-fungible tokens (NFTs) and their associated cryptocurrencies have recently regained attention after a period of decline in popularity during the 2022-2023 bear market. Santiment, a crypto market intelligence platform, has highlighted the top 10 NFT-linked tokens in terms of development activity in the last 30 days. Here’s what you need to know:
Decentraland (MANA) Takes the Lead
Decentraland (MANA) is leading the pack with a development activity ratio of 267.57, according to Santiment’s data. Flow (FLOW) secures the second spot with 234.7, followed by Metaplex (MPLX) in third place with 40.43. Enjin Coin (ENJ) and The Sandbox (SAND) also feature prominently in the top 5.
- Decentraland (MANA): 267.57
- Flow (FLOW): 234.7
- Metaplex (MPLX): 40.43
- Enjin Coin (ENJ): 14.97
- The Sandbox (SAND): 14.9
The Decline of Axie Infinity (AXS)
Axie Infinity (AXS), a popular governance token within the gaming universe, has seen a significant drop from its peak in November 2021. Despite once surpassing a $10 billion market capitalization and reaching a price of $160, AXS currently lags behind in development activity, highlighting the ongoing volatility in the NFT market.
- Axie Infinity (AXS): Market cap nearly $1 billion
- Peak market cap: Over $10 billion in November 2021
- Peak price: $160 in November 2021
Other NFT-Linked Tokens
Monavale (MONA), NFTX (NFTX), and Punk (PUNK) round out the bottom of Santiment’s ranking for development activity among NFT-related cryptocurrencies. Despite varying levels of market capitalization and popularity, these tokens demonstrate the diversity within the NFT market.
Stay Informed and Engage with NFT Developments
As interest in NFT-linked tokens continues to evolve, monitoring development activity can provide valuable insights into the market trends and potential opportunities. Keep an eye on the leaders and laggards in the NFT space to make informed decisions about your crypto investments.
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