The GameFi market has hit a new milestone, with its total market cap soaring to $16-17 billion, up from the previous month.
Trading volumes also spiked to $674 million, reflecting the sector’s growing traction. Notably, GameFi now ranks fifth on DeFiLlama’s Narratives Tracker, further solidifying its position within the blockchain space.
Among the top performers, Catizen led the charge with 963,280 unique active wallets (UAW), marking an impressive 253.62% increase. Close behind was KGeN, which saw a 163.32% rise, reaching 895,260 UAW. These projects highlight the increasing engagement and user activity in the GameFi sector.
🕹️ Week in GameFi: Flappy Bird's Blockchain Resurrection
GameFi market cap hits $17B!
Flappy Bird flies again on TON!
Animoca's WATcoin launches!Let's unpack this week's GameFi landscape 🧵
1/6 pic.twitter.com/tuCbwDI2uJ
— CoinMarketCap (@CoinMarketCap) September 26, 2024
Star Atlas Makes Massive Announcement, Sparking Excitement In The GameFi Sector
In other updates, Star Atlas has announced its preseason content launch built with Unreal Engine 5, sparking excitement among gamers and blockchain enthusiasts. Meanwhile, Mocaverse has unveiled its new $WATcoin, launching an NFT platform in partnership with Magic Eden.
Perhaps the most nostalgic development is the return of Flappy Bird, now integrated with the $TON blockchain on Telegram. The iconic mobile game has been revived through the Flap-a-TON event, and players can now mint FLAPPY tokens, marking a unique fusion of gaming and blockchain technology.
While GameFi tokens are generally experiencing gains, many remain down year-to-date, suggesting potential buying opportunities for savvy investors. Catizen’s recent airdrop of 15% of its $CATI supply has added further excitement to the market, showcasing how airdrops and token rewards continue to drive user engagement.
As GameFi continues its upward trajectory, the resurgence of classic games like Flappy Bird and the introduction of new blockchain projects signal that the sector’s growth is just beginning.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.