Decentraland [MANA] vs FET – Active addresses, dev. activity, and more

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  • Decentraland led the NFT projects sector in development activity, FET was ranked fifth
  • Supply distribution trends revealed bullish signals for FET

As an analyst, I’ve observed some noteworthy developments within the NFT space over the past month. Decentraland’s [MANA] project has been particularly active, leading the pack in terms of development activity compared to Flow [FLOW] and Artificial Intelligence Alliance [FET]. Interestingly, FET did see an increase in dev activity recently, which has helped it climb up the ranks.

In 2024, the NFT market concluded the year with a 1.1% increase in total sales compared to the previous year, 2023. Approximately 10% of these sales were made in December alone, driven by a resurgence in interest for Ethereum [ETH] and an escalating excitement around NFTs.

Despite this, significant entities like crypto exchange Kraken and Nike-owned NFT brand RTFKT have chosen to leave the NFT market. However, experts anticipate that the sector will flourish by 2025, and an increased application of NFTs in physical asset ownership could trigger a fresh wave of adoption, marking a new era.

Decentraland, FET see greater on-chain activity

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The FET project is quite famous within the AI industry. Now, it’s venturing into the world of Non-Fungible Tokens (NFTs) by launching its public beta for Resonate. Furthermore, although not specifically linked to NFTs, the technology and platforms developed by the Artificial Superintelligence Alliance might overlap with NFT applications, potentially promoting growth in this area.

In simpler terms, FET’s daily activity has consistently been higher than MANA, primarily because of its larger scale and greater fame. However, the patterns of activity for these two tokens have been quite alike during the previous three months. Interestingly, both tokens have experienced a surge in activity over the last couple of days as well.

It was observed from the distribution of MANA’s supply that larger groups of holders have been steadily stockpiling the token since late November. Notably, the group holding between 100k and 10 million tokens was a positive sign. The rising count of wallets containing this amount of MANA suggests accumulation, while the smaller wallets with less than 100 MANA have been gradually decreasing in number.

It was observed that FET experienced a comparable pattern of increase among larger investors as well. The number of wallets holding between 100 to 10 million FET has grown since December began. Due to scheduled token burns and the deflationary impact within the Artificial Superintelligence Alliance system, this consistent accumulation suggests a persistent interest in the asset.

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Read Decentraland’s [MANA] Price Prediction 2025-26

Despite falling behind Decentraland in development activity, Future Exchange Token (FET) seems to be indicating a more optimistic future with increasing active addresses and positive accumulation trends. While these signs suggest potential growth in the coming weeks and months, it’s important to note that since Decentraland holds only a third of its market cap, an altseason could potentially yield significant returns for MANA as well.

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2025-01-12 10:15