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Decentraland MANA

Decentraland header image

1. Summary

Ranks

Liquidity
99
Developer
67
Social
99
Momentum (beta)
66
Stack Rank™
83
Price
$0.40 -2.4%
Market Cap
$738.89M (#117)
Supply
1.87B / 2.19B
Tags
Entertainment NFT Metaverse Polygon Ecosystem Play To Earn Ethereum Ecosystem BNB Chain Ecosystem Alleged SEC Securities Simulation Games Animoca Brands Portfolio
More Metrics
Price
52W High price $0.78
52W High date 12th Mar 2024 (8 months ago)
All Time High (ATH) Date 25th Nov 2021 (2 years ago)
ATH Price $5.85
% From ATH -94.84%
All Time Low (ATL) Date 31st Oct 2017 (7 years ago)
ATL Price $0.009236810000
% From ATL 3169.56%
Supply & Trading Volume
Trading Volume (24h) $102.20M
Total Supply 2.19B
Max Supply 2.19B
Circulating Supply 1.87B
Less Metrics
Description

Decentralized is this crypto-based virtual world that uses its own cryptocurrency known as MANA to allow you to purchase outfits, virtual scenes, or even land parcels in-game. The Decentraland world is huge, and it’s a showcase of how Non-Fungible Tokens can be implemented.

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Decentralized is this crypto-based virtual world that uses its own cryptocurrency known as MANA to allow you to purchase outfits, virtual scenes, or even land parcels in-game. The Decentraland world is huge, and it’s a showcase of how Non-Fungible Tokens can be implemented.

This is essentially a 3D world built on blockchain which is governed by a decentralized autonomous organization (DAO) and lets you explore and build in an open world, while also having the ability to socialize. The unique aspect of this game is the fact that it is split up into units of LAND, which are its NFTs.

The MANA Token Explained

Through the usage of the MANA token, you can purchase in-game items, LAND, and other customizable items. It is built on Ethereum with the ERC20 standard for tokens, and can be bought or sold for FIAT currency alongside any other cryptocurrency, and can be stored in a cryptocurrency wallet.

Features of Decentraland

Discussing the LAND of Decentraland, each LAND parcel is 16x16 meters in size and is represented by an NFT (Non-Fungible Token). This can essentially be seen as a unit of data on the blockchain itself that is unique and not interchangeable. Keep in mind that the total number of parcels is capped at 90,000, and the developers of the project own the common spaces, which cannot be bought or sold by users. However, this scarcity is one of the main drivers of value in LAND.

When it comes to making changes to Decentraland, they are enacted through a collection of blockchain-based smart contracts. These allow participants that own MANA to vote on the policy updates, land auctions as well as new developments.

The consensus layer maintains a ledger that tracks the ownership of each land parcel, and each LAND has a unique coordinate on this virtual world, where an owner and a reference to a description file that represents the content is within the parcel.

This includes various files that are required to render each parcel, such as content files, with reference to all of the static audio as well as visuals, script files, that define the placement as well as the behavior of the referenced content, as well as the interaction definition which works through a peer-to-peer network to allow for interactions such as gesturing, voice chat and messaging.

Founders of Decentraland (MANA)

Discussing the founders of Decentraland, it actually has two of them.

First, we have Ariel Meilich, and then we have Esteban Ordano. Both of them have stepped down from major positions surrounding the project, however, they work alongside the project as advisors.

The unique aspect about Ariel Meilich is the fact that he worked as a project lead on Decentraland between 2017 to 2020, and he has also founded several other startups.

The unique aspect about Esteban Ordano is the fact that he worked as a former teacher lead at Decentraland, and has a long history in the cryptocurrency space. In fact, he worked as a software engineer at BitPay, Inc, and was actually an advisor to the Matic Network. He also co-founded Zeppelin solutions.

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2. Price

MANA

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2.1. Market Performance

How does Decentraland's (MANA) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-1.1%

MANA

-10.8%

Similar Market Cap

60 Day Return

12.9%

MANA

-16.3%

Similar Market Cap

1 Year Return

-19.9%

MANA

-4.0%

Similar Market Cap

3. Developer Activity

We're monitoring 434 Decentraland GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Decentraland Repos)

Commits vs. The Market

  • Past 4 weeks: 9 commits vs. an average of 1
  • Past 12 weeks: 19 commits vs. an average of 8
  • Past year: 307 commits vs. an average of 113

Most Active Repos

Explorer
Past week 38
Past 12 weeks 124
Past year 873
Unity Renderer
Past week 55
Past 12 weeks 166
Past year 830
Com.decentraland.unity Renderer Test
Past week 0
Past 12 weeks 26
Past year 681
Decentraland Gatsby
Past week 23
Past 12 weeks 115
Past year 461
Avatar Assets
Past week 0
Past 12 weeks 5
Past year 356
Governance
Past week 16
Past 12 weeks 150
Past year 310

Top Developers 2024

In total, 1511 developers have contributed to Decentraland over the past year. Who are the most active Decentraland developers, by commits, over the past year?

2fd

Commits: 1,520

cazala

Commits: 637

nachomazzara

Commits: 620

menduz

Commits: 580

nicosantangelo

Commits: 426

dependabot[bot]

Commits: 409

LautaroPetaccio

Commits: 313

nearnshaw

Commits: 270

nchamo

Commits: 262

braianj

Commits: 260

kuruk-mm

Commits: 259

gonpombo8

Commits: 249

2fd

Commits: 1,520

cazala

Commits: 637

nachomazzara

Commits: 620

menduz

Commits: 580

nicosantangelo

Commits: 426

dependabot[bot]

Commits: 409

LautaroPetaccio

Commits: 313

nearnshaw

Commits: 270

nchamo

Commits: 262

braianj

Commits: 260

kuruk-mm

Commits: 259

gonpombo8

Commits: 249

agusaldasoro

Commits: 246

bonustrack

Commits: 226

pbosio

Commits: 204

leanmendoza

Commits: 199

fzavalia

Commits: 194

pentreathm

Commits: 192

jmoguilevsky

Commits: 185

Suduck

Commits: 174

AjimenezDCL

Commits: 158

pablitar

Commits: 157

manumena

Commits: 153

hugoArregui

Commits: 151

BrianAmadori

Commits: 140

sandrade-dcl

Commits: 139

guidota

Commits: 135

malaniz

Commits: 133

kevinszuchet

Commits: 107

Kinerius

Commits: 105

pravusjif

Commits: 92

OrlandoCo

Commits: 88

HPrivakos

Commits: 86

sicarul

Commits: 83

marianogoldman

Commits: 79

KatherineJoelle

Commits: 78

ncomerci

Commits: 76

lauti7

Commits: 63

meelrossi

Commits: 62

juanmahidalgo

Commits: 61

ChaituVR

Commits: 60

ShibuyaMartin

Commits: 58

0xJuancito

Commits: 53

juanscolari

Commits: 50

cyaiox

Commits: 50

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Related Projects

Developers working on Decentraland also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 86,059
Active Reddit Users (past 24h) 26
Discord users
Active Discord Users
Telegram Users
Twitter followers 607,839
5. News
More News Less News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://decentraland.org/
Explorer https://etherscan.io/token/0x0f5d2fb29fb7d3cfee444...
Twitter @decentraland
reddit /r/decentraland

What is the correct contract address for Decentraland?

Ethereum 0x0f5d2fb29fb7d3cfee444a200298f468908cc942
Polygon-pos 0xa1c57f48f0deb89f569dfbe6e2b7f46d33606fd4

Has Decentraland been audited for security?

No security audits found for this project.

Are you the owner of Decentraland? Edit it here

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