Iconic mobile game returns with crypto twist, symbolizing renewed interest in blockchain gaming.
Hey there crypto gamers
Token2049 Singapore’s in the books, and we’re still digesting everything we saw. More news soon, including an interview with Yat Siu, Animoca Brands founder!
We found a ton of new gaming studios, exciting games and builders looking to make crypto gaming great again, which I’ll elaborate on later this week.
Here’s the state of crypto gaming for the last 7 days. LFG!
Market Overview
Looks like we're seeing some interesting movements! The GameFi market cap is currently sitting at around $16-17 billion over the last week, but interestingly it’s recovered over the last 30 days and is now higher than a month ago. Trading volume has seen some volatility, currently at about $674 million.
The Crypto Gaming Narrative Heats Up Again
DeFiLlama’s Narratives Tracker shows Gaming was the 5th most popular category in the last 7 days. It can partially be attributed to the social media attention garnered by all the projects that showcased their game and allowed attendees to play at the myriad of crypto events in Singapore.
Blockchain Gaming Activity This Week
- Catizen has taken the lead with 963,280 unique active wallets (UAW), showing a massive growth of 253.62%.
- KGeN is hot on its heels with 895,260 UAW, boasting a strong 163.32% increase.
- Our old friend Pixels is holding steady with 859,760 UAW, despite a slight 3.72% dip.
Top Coin Movements
Let's break down how our top gaming ecosystem tokens have been performing:
And here are the top Play-to-Earn tokens. As you can see, it’s a sea of green all around, with only BinaryX and Notcoin down the last week.
Top Coin Movements
Let's break down how our top GameFi tokens have been performing over the last 7 days:
- Immutable (IMX): Leading the charge with a spectacular 44.17% gain.
- Beam (BEAM): Showing strong momentum with a 20.64% increase.
- Gala (GALA): Climbing steadily with a 15.11% rise.
- Ronin (RON): Posting solid gains of 14.19%.
- Decentraland (MANA): Up by 13.07%, rounding out our top 5.
Other notable 7-day performances:
- The Sandbox (SAND): Up 11.66%
- Axie Infinity (AXS): Gained 8.64%
- FLOKI: Rising 7.48%
- Enjin Coin (ENJ): Up 6.71%
Key Observations
The Good: We're seeing widespread positive movement across many GameFi tokens this week, with several posting double-digit gains thanks to the positive crypto vibes and a slew of high-profile announcements in Singapore. This could be the injection we need to kick off the crypto gaming season 2024 edition.
The Still-Good-But-Be-Cautionary: While weekly gains are encouraging, it's important to remember that many of these tokens are still down significantly year-to-date. This presents an opportunity but we need sustained interest in crypto gaming to get mainstream attention.
The Exciting: The broad-based upward movement could indicate growing interest and confidence in the GameFi sector.
Latest Blockchain Gaming News
Animoca launches WATcoin today: New Mocaverse coin WATcoin launches today. WATCoin, backed by Animoca and Binance Labs, is a leading player in TON’s gaming ecosystem with over 80 million users. It aims to drive future TON-based projects through strategic partnerships.
Last week it was also announced that Mocaverse and Magic Eden have teamed up to launch MagicMoca, an NFT launchpad focused on gaming and intellectual property projects, offering exclusive access to curated NFT releases for the Mocaverse community.MagicMoca, co-branded by Mocaverse and Magic Eden, will serve Moca NFT holders, MOCA Coin owners, Moca IDs, and Magic Eden users, offering curated NFT project launches.
Catizen's Massive Airdrop: Over 15 million players were rewarded with $CATI tokens, marking the end of Season 1. The airdrop distributed 15% of the total $CATI token supply to 42% of the game's 35.8 million players.
Star Atlas Update: Solana’s flagship game keeps building out its impressive worlds. CEO Michael Wagner announced their inaugural Impact Summit and preseason content. This includes shooter gameplay, racing, and more in Unreal Engine 5. The preseason content brings together various features like the central space station, social and commercial hub, and faction fleet gameplay.
Flappy Bird's Coming Back: The addictive mobile game has relaunched on Telegram, now with crypto elements tied to the TON blockchain. Players can participate in the Flap-a-TON event and potentially mint FLAPPY tokens.
Aethir and GameCentric Partnership: These companies are teaming up to enhance web3 gaming infrastructure, aiming to improve scalability, security, and player experiences across emerging markets.
What You Can Do
- Keep an eye on Mocaverse and its plans for the Web3 gaming and meme coin space.
- Check out Star Atlas's preseason content. The move to Unreal Engine 5 and expanded gameplay options could shake things up in the space.
- Consider exploring gaming opportunities on Telegram. With Flappy Bird's relaunch, there might be more exciting GameFi projects coming to the messaging platform.
- Watch the partnership between Aethir and GameCentric. Improved infrastructure could lead to better gaming experiences across the board.
Remember, in GameFi, every day unlocks a new level if you play it right– keep grinding, stay informed, and always play smart!
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