Top NFT Projects By Social Activity: A Breakdown by Phoenix

FET and FLOKI top the list with 8.2k and 7k engaged posts, respectively.

Crypto analytics site Phoenix has unveiled the top-performing NFT projects based on their social media engagement over the last 24 hours.

The analysis reveals that $FET and $FLOKI have garnered the highest engagement with 8.2K and 7K engaged posts, respectively.

Here's a closer look at the top projects:

1. Fetch.ai ($FET): Fetch.ai is building a platform to enable the development of an AI-empowered decentralized digital economy. As the leading protocol in the AI market, FET's performance is closely tied to the broader AI market trends.

2. Floki ($FLOKI): Floki is a dog-themed memecoin, named after Elon Musk's Shiba Inu and self-described as "the people's cryptocurrency." It is designed to be a highly accessible and engaging cryptocurrency.

3. Internet Computer (ICP): ICP is a utility token that enables users to engage in and control the blockchain network of the Internet Computer operating system. The network aims to facilitate the creation of websites, enterprise IT systems, internet services, and DeFi applications by empowering developers to deploy their code directly on the public Internet.

4. ApeCoin ($APE): APE is an Ethereum cryptocurrency that is linked to the Bored Ape Yacht Club non-fungible tokens (NFTs). These NFTs have become one of the most successful ventures in the NFT space to date, with several "Bored Ape" images being sold for previously unimaginable prices.

5. RNDR Token ($RENDER): RNDR is a utility token that powers the Render Network, a distributed GPU rendering platform. The network enables artists, studios, and creators to access on-demand cloud rendering capacity, while also allowing users to contribute spare GPU power to the network and earn rewards.

6. Rare Pepes ($RARE): Rare Pepes are a collection of unique and often surreal Pepe the Frog memes that have been tokenized as NFTs. These NFTs are known for their rarity and high value within the NFT community.

7. Naka Bodhi Token ($NAKA): Naka Bodhi is a Web3 entertainment company that combines blockchain technology with film, television, music, and gaming. The company's goal is to create an immersive entertainment experience for users.

8. Verasity ($VRA): VRA is a utility token that fuels the Verasity network, a protocol layer blockchain designed to reward viewers for watching video content and to provide publishers with tools to combat ad fraud and piracy.

9. Tezos ($XTZ): XTZ is the native cryptocurrency of the Tezos blockchain, a platform that is designed to support the creation and execution of smart contracts. Tezos is governed by its community of token holders, who participate in the protocol's on-chain governance process.

10. Axie Infinity Shards ($AXS): AXS is the governance token of the Axie Infinity universe, a blockchain-based trading and battling game that features unique creature NFTs called Axies. Holders of AXS can participate in key decisions regarding the game's development, roadmap, and tokenomics.