Decentraland shows the highest development activity among NFT projects, outpacing others like FLOW and FET. Meanwhile, FET has climbed to the fifth position in development activity over the past month. This progress signifies positive momentum for both tokens, suggesting future growth potential in the rapidly evolving NFT space.
While some MAJOR NFT players are retreating, development remains strong. MANA and FET, despite the exits, exhibit bullish signs in supply distribution. Experts foresee growth in the NFT sector in 2025, with an extended use case for NFTs, hinting at an expansion in adoption and market potential, driven by innovative projects.
Accumulation trends suggest larger holders are buying more MANA since late November, and FET shows similar trends from early December. Both tokens have seen an increase in activity and interest, with wallets holding significant amounts growing steadily, reflecting a bullish sentiment among larger investors and holders in the market.