The GameFi market continues to show fluctuating trends, with a total market cap of $7.45 billion, reflecting a 1.87% decrease. However, trading volume increased by 3.56%, showcasing volatility amid broader crypto market uncertainty. The market cap hovered between $16-17 billion over the past month, with daily trading volume fluctuating at $674 million.
Blockchain Gaming Activity: Catizen Leads User Engagement
A notable shift has occurred in blockchain gaming activity. Catizen now leads with 963,280 unique active wallets (UAW), marking a 253.62% increase. KGeN follows with 895,260 UAW, and Pixels continues with 859,760 UAW, despite a slight 3.72% decline. These numbers highlight consistent user engagement despite varying transaction volumes.
Top Gaming Tokens: FLOKI Leads, Notcoin Gains
FLOKI remains at the forefront, leading with a $1.18 billion market cap. Notcoin saw a weekly rise of 2.99%, with a market cap of $791 million. Axie Infinity (AXS) held steady at $680 million, showing minimal growth. Other tokens like BEAM, GALA, and SAND maintain competitive positions, with market caps around $600 million.
3am. Wednesday.
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— Alex Becker 🍊🏆🥇 (@ZssBecker) September 11, 2024
Short-term gains were seen across WEMIX (up 3.11%) and Notcoin. However, the 90-day view shows long-term challenges, with FLOKI down 41.85% and Notcoin declining 54.90%.
Latest GameFi News: Women Gamers and Blockchain Trends
A recent study revealed that 72% of women online play video games, reflecting a significant presence of female gamers. Women now account for 45% of all gamers.
In blockchain gaming, investment hit an all-time low in July 2024, with only $23 million invested. Despite this, Ronin remains the top gaming blockchain, driven by popular titles like Pixels and Lumiterra.
GALA Games has reached 3 million users on Telegram, launching GALACoin alongside its referral-based game. Meanwhile, Shiba Shootout raised over $1 million in its presale, combining meme culture with a Wild West theme.
What’s Next for GameFi?
Investors should keep an eye on AI developments, explore new gaming platforms like GALA, and carefully evaluate presale opportunities such as Shiba Shootout. The GameFi space remains high-risk but holds potential for future growth.
