The Web3 gaming sector faced broad declines this week, but low-cap token Undeads Games (UDS) bucked the trend.
The Web3 gaming sector faced broad declines this week, but low-cap token Undeads Games (UDS) bucked the trend.
TL;DR
- Bitcoin retreats from its recent new all-time high.
- Gaming tokens see a decline in market cap and volume as market turns bearish.
- Sleepagotchi expands to Sony’s blockchain.
Bitcoin has pulled back from last week's all-time high to around $106,000, putting a pause on the bullish momentum that had been building. Even GameStop’s surprise purchase of 4,710 BTC wasn’t enough to keep the rally going. The shift hit hard in some corners—James Wynn, a wild pseudonymous high-stakes trader, was liquidated for $100 million.
The cool-off is reflected in the declining Fear and Greed Index, which dipped from 76 to 61. While still sitting in greed territory, the drop signals a noticeable shift in sentiment and a more cautious market mood.
So, where does that leave GameFi? Did it follow the broader market’s lead, or carve its own path? Here's what stood out this week.
GameFi Sector Review
The Web3 gaming sector suffered more pronounced losses as its market cap and volume fell 13% and 21%, respectively.
At the same time, the Altcoin Season Index slipped from 28 to 22, reinforcing that market dominance remains with Bitcoin. For now, the data points to a clear trend—altcoins are still waiting their turn.
Source: CoinMarketCap
Short traders had plenty of opportunity this week as several top Web3 gaming tokens saw sharp declines, with some dropping by as much as 20%.
Top Gainers:
- Undeads Games (UDS): +75.51% (beta launching and airdrop rumored)
- Myria (MYRIA): +40.29%
- Mask Network (MASK): +15.13 (continues with its winning streak from last week)
- Mythos (MYTH): +7.07%
- Virtuals Protocol (VIRTUALS): +3.6%
Top Decliners:
- WEMIX (WEMIX) -30.52%
- NEXPACE (NXPC): -23.27% (was one of last week’s top decliners)
- Chromia (CHR): -21.73%
- Render (RENDER): -20.8%
- SuperVerse (SUPER): -19.9%
The gaming sector moved up from 14th to 13th place on DeFiLlama’s narrative tracker, not because of strong performance, but because other sectors saw deeper losses.
How will the GameFi sector unfold in the coming week(s)?
Source: DeFiLlama
Web3 Gaming Activity This Week
Sleepagotchi Hits Line via Soneium Blockchain
Sleepagotchi, the popular Telegram-based game, is expanding its reach with the launch of Sleepagotchi Lite on the Line Mini App. Powered by Sony’s Soneium blockchain, the release gives 200 million Line users early access to a point system tied to the upcoming 2.0 app.
OKX Wallet Now Supports Chain Game
Users can now access Onchain’s Chain Game directly through OKX Wallet, unlocking a secure way to play and earn exclusive rewards.
What You Can Do Now
- Reduce exposure to leveraged trading while the crypto market pulls back.
- Check out Sleepagotchi Lite, now live on the Soneium blockchain.
- Keep up with macro trends and industry shifts to stay ahead of Web3 gaming’s next move.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
