VCs Bet on These Top Projects

The crypto gaming sector keeps expanding, with developers focused on building new gaming experiences using blockchain technology.

According to an analysis by analytics firm Santiment, several projects made significant progress this month, based on GitHub development activity. These rankings highlight the most active gaming-focused cryptocurrencies, taking into account development, market capitalization, and price performance.

MultiversX and Decentraland: Leading the Charge

MultiversX (EGLD) takes the top spot with an impressive 210.33 GitHub activity points. Priced at $35.16, it showed a daily price gain of 3.26%. With a $973.01 million market cap, it ranks 102nd overall, combining blockchain innovation with gaming features.

Decentraland (MANA) is right behind, with 132.8 activity points. Its price rose 5.08% to $0.489, supported by a $950.11 million market cap. Ranked 103rd, Decentraland is a pioneer in virtual reality gaming, offering immersive experiences within its metaverse ecosystem.

Mid-Tier Projects to Watch

Nine Chronicles Gold (WNCG) holds the third spot with 117.73 GitHub points. But, its price fell 2.42% to $0.040, showing its volatile market position. Even with a smaller $17.96 million market cap, it has influence in Ethereum gaming.

SKALE (SKL), ranked fourth, saw a strong 5.97% price growth, hitting $0.049. With 46.67 GitHub points and a $274.7 million market cap, it shows strong momentum in Ethereum-based gaming development.

FUNToken (FUN) is in fifth place with 41.83 activity points. Its price increased by 2.07% to $0.0044, supported by a $47.81 million market cap. Known for its focus on gambling and gaming, FUNToken is making its mark in the decentralized entertainment industry.

Read also: ADA, AXS, MANA, ELON Showing Bullish Spikes in Onchain Metrics

Immutable X, Enjin Coin, and Treasure: Gaining Ground

Immutable X (IMX) ranks sixth with 38.67 activity points. Its price increased by 3.72% to $1.43, supported by a substantial $2.41 billion market cap. Coming in seventh, Enjin Coin (ENJ) had 22.9 GitHub points and a 5.34% price gain to $0.223. It holds a $399.64 million market cap, connecting gaming and decentralized finance.

Treasure tokens, on both Ethereum and Arbitrum, take the eighth and ninth spots with the same 21.37 GitHub points. Both are priced at $0.427, with daily gains of 3.54% and 2.54%, respectively. Each holds a $118.13 million market cap, helping to build the metaverse gaming world.

Axie Infinity Still in the Game

Axie Infinity (AXS) takes the tenth spot with 6.53 GitHub points. Its price rose by 4.35% to $6.22, supported by a $974.71 million market cap. Axie remains a leader in blockchain gaming, keeping its influence in the Ethereum gaming sector.