Nfts
Top 10 NFT-related cryptocurrencies by development activity: details
TL;DR
- Santiment reports that Decentraland (MANA) is leading development activity among NFT-related tokens.
- Although interest is returning, assets like Axie Infinity (AXS) remain well below their historical peak values, highlighting the current volatility of the NFT market.
Here are the leaders
Non-fungible tokens (NFTs) and their associated cryptocurrencies were a big trend a few years ago. During the bear market of 2022-2023, their popularity declined, but recently they have started to attract attention from industry players again.
The crypto market intelligence platform – Santiment – describe the top 10 NFT-related tokens in terms of development activity over the last 30 days. Decentraland (MANA) leads the rankings 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 saw a substantial increase in trading volume over the past 24 hours, follows at 14.97, while The Sandbox (SAND) rounds out the top 5 at 14.9.
Bottom of the list
If sixth place is occupied by a lesser-known cryptocurrency, Aavegotchi (GHST), this is not the case if we look at the asset placed in seventh place. This is Axie Infinity (AXS), the governance token of the eponymous gaming universe.
It is one of the most popular coins in the niche, with a current market capitalization of almost $1 billion. Still, AXS is a far cry from its glory days in November 2021, when its market cap surpassed $10 billion and its price reached $160.
Monavale (MONA), NFTX (NFTX), and Punk (PUNK) are the NFT-related cryptocurrencies at the bottom of Santiment’s rankings.