Top 10 NFT-Related Cryptocurrencies by Development Activity: Details

TL;DR

• Santiment reports that Decentraland (MANA) is leading development activity among nft-linked tokens.
• Although interest is returning, assets like Axie Infinity (AXS) remain well below their all-time high values, highlighting the current volatility in the nft market.

Here are the leaders

Non-fungible tokens (nfts) and cryptocurrencies related to them were a big trend a few years ago. During the bear market of 2022-2023, their popularity waned, but they have recently started to gain the attention of industry participants again.

The crypto Market Intelligence Platform – Holy – twitter.com/santimentfeed/status/1790505201432199565″ target=”_blank” rel=”noopener” data-wpel-link=”external”>border top 10 nft-linked tokens in terms of development activity in the last 30 days. Decentraland (MANA) leads the ranking with a ratio of 267.57. Second place belongs to Flow (FLOW) with 234.7, while Metaplex (MPLX) is third with 40.43.

Enjin Coin (ENJ), which witnessed a substantial increase in trading volume in the last 24 hours, follows with 14.97, while The Sandbox (SAND) completes the top 5. club with 14.9.

The end of the list

While sixth place is occupied by a lesser-known cryptocurrency, Aavegotchi (GHST), this is not the case when looking at the asset placed at number seven. This is Axie Infinity (AXS), the governance token of the gaming universe of the same name.

It is among the most popular. coins in the niche, with a current market capitalization of almost a billion dollars. Still, AXS is far from its glory days in November 2021, when its market capitalization surpassed $10 billion and its price touched $160.

Monavale (MONA), NFTX (NFTX) and Punk (PUNK) are the nft-related cryptocurrencies that are at the bottom of Santiment's ranking.

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