Top 10 NFT-Related Cryptocurrencies by Development Activity: Details

TL;DR

• Santiment
  reports
  that
  Decentraland
  (MANA)
  leads
  in
  development
  activity
  among
  NFT-linked
  tokens.
• Although
  interest
  is
  returning,
  assets
  like
  Axie
  Infinity
  (AXS)
  remain
  well
  below
  their
  historical
  peak
  values,
  highlighting
  the
  ongoing
  volatility
  in
  the
  NFT
  market.

Here
are
the
Leaders

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

The
crypto
market
intelligence
platform – Santiment
–


outlined

the
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.
The
second
place
belongs
to
Flow
(FLOW)
with
234.7,
while
Metaplex
(MPLX)
is
third
with
40.43.

Enjin
Coin
(ENJ),
which
witnessed
a
substantial
trading
volume
increase
in
the
past
24
hours,
follows
next
with
14.97,
whereas
The
Sandbox
(SAND)
rounds
up
the
top
5 club with
14.9.

The
Bottom
of
the
List

While
the
sixth
spot
is
held
by
a
lesser-known
cryptocurrency,
Aavegotchi
(GHST),
this
is
not
the
case
when
observing
the
asset
placed
at
number
seven.
This
is
Axie
Infinity
(AXS),
the
governance
token
of
the
eponymous
gaming
universe. 

It
is
among
the
most-popular

coins
in
the
niche,
with
a
current
market
capitalization
of
nearly
$1
billion.
Still,
AXS
is
far
from
its
glory
days
in
November
2021
when
its
market
cap
surpassed
the
$10
billion
mar
and
its
price
touched
$160.

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