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  • 21 Nov 24

Santiment Highlights the Most Active NFT Projects

The analytical platform Santiment has compiled a ranking of the most active NFT projects based on GitHub data from the past 30 days.

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The analytical platform Santiment has compiled a ranking of the most active NFT projects based on GitHub data from the past 30 days. The list includes ten projects showing significant development progress despite fluctuations in prices and market capitalization.

Leaders in Activity

The top spot is held by Decentraland (MANA), a project operating in virtual reality (VR) and gaming. Developer activity scored 143.73. Over the past month, its native token MANA rose by 24.59% to $0.3909, with a market capitalization of $759.55M.

Second place goes to Flow (FLOW), with developer activity at 114.3. The token's price increased by 21.52% over the month, reaching $0.6809. With a market cap exceeding $1B, Flow positions itself as a Layer 1 blockchain for NFT developers.

Enjin Coin (ENJ), focusing on gaming and decentralized finance (DeFi), ranks third. Developer activity reached 34.3, while the token’s price climbed 18.43% to $0.1885.

Projects Losing Momentum

Metaplex (MPLX), a DeFi platform on Solana, is designed to simplify the creation, sale, and management of digital assets, including NFTs. Developer activity was recorded at 30.03, yet the token’s value dropped 12.39% over the past month to $0.3833.

In fifth place is Aavegotchi (GHST), with developer activity at 10. Built on the Polygon blockchain, GHST serves as the governance token for the Aavegotchi NFT gaming protocol, allowing holders to vote in the project's DAO. Over the past month, the token rose by only 1.43%.

Top NFT projects by developer activity over the last 30 days. Source: Santiment
Top NFT projects by developer activity over the last 30 days. Source: Santiment

Other projects in the ranking include:

  • Axie Infinity (AXS). Developer activity: 9.67. Token price: $5.61 (+9.68%). Market cap: $859.42M.
  • Tensor (TNSR). Developer activity: 8.57. Token price: $0.5261 (+39.16%). Market cap: $65.71M.
  • Alien Worlds (TLM). Developer activity: 3.2. Token price: $0.01131 (+5.24%). Market cap: $55.34M.
  • Monavale (MONA). Developer activity: 2.7. Token price: $64.18 (-12.08%). Market cap: $668.86K.
  • BLOCKLORDS (LRDS). Developer activity: 2.43. Token price: $0.5719 (-3.32% in a day). Market cap: $9.22M.

Key Takeaways

Developer activity is a critical metric reflecting how well a project is evolving and supported by its community. The success of such projects depends not only on their technology but also on their ability to adapt to market demands.

However, token price growth doesn’t solely rely on development activity. Instead, it often mirrors community interest and broader market conditions.

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