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Flappy Bird’s Blockchain Comeback And GameFi Market Reaches $17B

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. https://twitter.com/CoinMarketCap/status/1839304070508724503?t=J4meWuZelhK5NMi4hBLxIQ&s=19 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 […]

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GameFi Investments Surge In 2024 Despite Market Cap Decline

Venture capital interest in GameFi is on the rise in 2024, with investments increasing steadily. In the first four months of the year, both the number of funded projects and total raised funds have shown significant growth.  The GameFi sector now boasts 3,763 protocols, with BNBChain, Ethereum, and Polygon leading in the number of active games. BNBChain is at the forefront, followed by Klaytn, Sui, Flow, and Optimism, where all games are currently active. The number of active GameFi users has surged month-on-month, with an increase of over 41 million users by the end of April 2024 compared to the beginning of the year. Ronin, despite having fewer games, has attracted the most gamers, with 972,000 users in just the first four months of the year. https://twitter.com/Coin98Analytics/status/1792956836146188630?t=P-vgqrSAr_9T0vkEiI5eFg&s=19 The GameFi market cap, however, has seen a notable decline, decreasing by 44% […]

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