Axie Infinity

Gala

Illuvium

Notcoin

Hamster Kombat

<h2 id="header-0">Introduction</h2><p>Last week’s crypto conference aftershocks in Singapore are still waking up and shaking up all corners of Web3, which has translated into some huge gains across the entire sector this week.</p><p>So let's dive into this week's state of <a href="https://coinmarketcap.com/view/play-to-earn/" rel="noopener noreferrer nofollow">crypto gaming!</a></p><h2 id="header-1">Market Overview</h2><p>The GameFi market is cooking right now!</p><p><a href="https://coinmarketcap.com/view/gaming/" rel="noopener noreferrer nofollow">According to our data,</a> the market cap has lifted off to around $22 billion, a massive uptick from last week's $16-17 billion. Trading volume has also seen a significant boost, currently sitting at about $1.4 billion.</p><p>Who said crypto gaming was dead?</p><p>Oh, wait. Everyone!</p><p>We’ll have to see now if it holds, as all that Singapore attention slowly evaporates.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdDg4274llZG-YsEJkyOOvrmPVgSbfMZS9dKm76kTbyYBWywMAkhZ5goeMzJX6fCkfhDyQ5T0wXWAnNqGrXGSpOKL6BoLnkiARiTvu_uh1LVYklbqr1NpR5_fZas1xc8D4uCl4rHTU4ICyq9YivR1Y8RtyG?key=LRDI08jbAVWw4Z2dNlxIxw"></p><h2 id="header-2">The Crypto Gaming Narrative Heats Up</h2><p>The announcement of Solana's gaming handheld has injected fresh excitement into the GameFi space. All this soon after Sui revealed their own device, what are these chains seeing that we’re not?</p><p>Solana games have failed to catch on since the last bull run - but the scene is alive and well as Star Atlas’ presence at Breakpoint showed. During a network event, Star Atlast and a number of other upcoming games showed demos of what’s gaming next.</p><p>While the Solana handheld looks more low-tech, it could be a game-changer (ahem) for much bigger blockchain gaming adoption.</p><p>As this year’s <a href="https://coinmarketcap.com/academy/article/cryptos-next-big-trend-the-rise-of-tons-tapfi-and-ppp-memecoins" rel="noopener noreferrer nofollow">TapFi explosion</a> and last cycle’s <a href="https://coinmarketcap.com/academy/article/what-is-axie-infinity" rel="noopener noreferrer nofollow">Axies Infinity mania</a> have shown, you don’t need a AAA game to get crypto gamers join in. Just make it enjoyable and worth their while.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeCnaGm-JkEHi-qnpN9ZMZ1xCJfMLdsyW2I53TG992fqB9MmYI6tABWuvRnZvio0Ys9NOIUUf9GdhQFBjBul70B0dADNv2JXoqUMogjnll4YD8c7qwdm4R6Cr1OqVlmZFr45HDWF-FpHYJYmGMdJBaVbuNR?key=LRDI08jbAVWw4Z2dNlxIxw"></p><h2 id="header-3">Blockchain Gaming Activity This Week</h2><p>World of Dypians and Seraph: In The Darkness lead the GameFi sector currently in terms of unique active wallets, both clocking in an UAW of over 500k players, according to DappRadar..</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcUEHuhCtQwhHdRAUbZ5QTkh8fajcf8oPyDQ_-Oyfc16G-E7VBO8Ro3Aql6O0HexpPoaYX7M9xB9B9t-SmFm4QjVbCSw-aqrcgDGmqJcxaJakJLB3OkAm5ZUVRlBkWGtPVHGFKArx6uRuxmJYmv85TyPIE?key=LRDI08jbAVWw4Z2dNlxIxw"></p><h2 id="header-4">Top Coin Movements</h2><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcJiauRbeTTrL1LHpEq2YnoAxvwa6N9xBw_zNji0sp4OLmYGzf7_dvkkDlDYCN67QjuhkXTm9ucu0-pFadaAG3UoZPkbA_lzO8PymvMuBvKjJjMNKiPEfuwBNfNvF0lA9nGrHhwOZFCQHBF3HRk2Ue1TCmr?key=LRDI08jbAVWw4Z2dNlxIxw"></p><p>Let's break down how our top GameFi tokens have been performing over the last 7 days:</p><ol><li><a href="https://coinmarketcap.com/currencies/notcoin/" rel="noopener noreferrer nofollow">Notcoin</a> (NOT): Leading the charge with a spectacular 25.09% gain.</li><li>FLOKI: Showing strong momentum with a 24.71% increase.</li><li><a href="https://coinmarketcap.com/currencies/gala/" rel="noopener noreferrer nofollow">Gala</a> (GALA): Climbing steadily with an 18.12% rise.</li><li><a href="https://coinmarketcap.com/currencies/onbeam/" rel="noopener noreferrer nofollow">Beam</a> (BEAM): Posting solid gains of 13.46%.</li><li>Axie Infinity (AXS): Up by 5.33%, rounding out our top 5.</li></ol><p>Other notable 7-day performances:</p><ul><li><a href="https://coinmarketcap.com/currencies/the-sandbox/" rel="noopener noreferrer nofollow">The Sandbox</a> (SAND): Up 2.88%</li><li><a href="https://coinmarketcap.com/currencies/decentraland/" rel="noopener noreferrer nofollow">Decentraland</a> (MANA): Rising 6.81%</li><li><a href="https://coinmarketcap.com/currencies/illuvium/" rel="noopener noreferrer nofollow">Illuvium</a> (ILV): Gained 10.60%</li><li>Yield Guild Games (<a href="https://coinmarketcap.com/currencies/yield-guild-games/" rel="noopener noreferrer nofollow">YGG</a>): Up 10.73%</li></ul><h2 id="header-5">Key Observations</h2><ul><li><strong>The Good</strong>: We're seeing widespread positive movement across many GameFi tokens this week, with several posting double-digit gains. The sector's overall market cap increase suggests growing investor confidence.</li><li><strong>The Exciting:</strong> Play Solana's announcement of the first web3 gaming handheld could be a major catalyst for mainstream adoption of blockchain gaming.</li><li><strong>The Cautionary</strong>: While weekly gains are encouraging, it's important to remember that many of these tokens are still down significantly year-to-date. Sustained interest and innovation will be crucial for long-term growth.</li></ul><h2 id="header-6">Latest Blockchain Gaming News</h2><ol><li><a href="https://coinmarketcap.com/community/articles/66ed291bcd69826730ce5331/" rel="noopener noreferrer nofollow">Play Solana Reveals First-Ever Crypto Gaming Handheld</a>: The Play Solana Gen1 (PSG1) aims to revolutionize the GameFi landscape. Preorders will be announced at the Solana Breakpoint Conference, with Player 1 NFT holders getting priority access.</li><li><a href="https://coinmarketcap.com/community/articles/66d05e0a3ea5677176a86697/" rel="noopener noreferrer nofollow">Line Next Announces Web3 Mini-Game Platform</a>: Set to launch in Q4 2024, this platform aims to bring blockchain gaming to Line's 2 billion active chat users. The web-based approach allows seamless access to games and dapps within the Line app. Line Next is also launching Kaia Wave, a developer program backed by $10 million in funding.</li><li><a href="https://gam3s.gg/news/axie-infinity-launches-axie-pals/" rel="noopener noreferrer nofollow">Axie Infinity Expands with Axie Pals:</a> Sky Mavis introduces Axie Pals, a Tamagotchi-style Google Chrome extension. This AI-powered feature allows users to interact with their Axies, earning AXP points and potentially AXS tokens through leaderboard rankings.</li><li><a href="https://coinmarketcap.com/community/articles/66d82c1af4441541854e365a/" rel="noopener noreferrer nofollow">Samsung Next Extends Partnership with Startale Labs:</a> This collaboration aims to support Sony's new blockchain venture, Soneium, through the Soneium Spark Incubation Program. It’s uber bullish for gaming studios that tech giants of this magnitude are coming in the Web3 gaming space.</li><li><a href="https://coinmarketcap.com/community/articles/66f5799197f92a41429d58db/" rel="noopener noreferrer nofollow">Hamster Kombat Token Launch:</a> The HMSTR token debuted on The Open Network (TON) with a bang, logging over $1.2 billion in trading volume in its first 24 hours. Despite some players feeling underwhelmed by airdrop sizes, the token's performance puts it in league with major cryptocurrencies.</li></ol><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfJeQRXSS__gCYepT8fdLg40h2MN5DlhRK2OAU3dUXyw1VjTrAq2hmEAA0LOwk1FjqV5b-YsgO896XxKzibZ3K182uQ2JmOGyWMa0cPqL08utq_shceP0mY0Zn4iIhbOJfQe7-FeRtYh-VXiXGP520YUdFf?key=LRDI08jbAVWw4Z2dNlxIxw"></p><h2 id="header-7">Web3 Game of the Week Spotlight</h2><p>Disclaimer: The following does not constitute an endorsement of a project or its token, but simplify provides a short summary of a top crypto game and its features. Please DYOR and invest prudently into any cryptocurrency.</p><h3 id="seraph-in-the-darkness">SERAPH: IN THE DARKNESS</h3><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfjj2gaB8s0h3JS08rQ7K1zwJTc8ji3lBHkhIcXUN0HvPidqscLKWZqxBMQ1k3r4rExsi-WD6foCVL1HE3IDKSwMcVM9kAqhTU7iHCaeYPiIqoyGjjnyOjmH_E7JV9ckK1pg6qbTtAeq0auzmQ_k9GxXnWD?key=LRDI08jbAVWw4Z2dNlxIxw"></p><p><a href="https://www.seraph.game/" rel="noopener noreferrer nofollow">Seraph: In the Darkness</a> is a popular Web3 game where fantasy and destiny intertwine in a rich, immersive universe. Here, players navigate a world filled with ancient magic, formidable foes, and hidden truths, all while forging their path in a land marked by conflict and legend. This ARPG offers a unique blend of action, strategy, and an evolving narrative that captivates and challenges at every turn.</p><h2 id="header-8">What You Can Do</h2><ol><li>Keep an eye on the Play Solana Gen1 preorder announcement. If you're a Player 1 NFT holder, prepare to take advantage of your priority access.</li><li>If you're a Line user, get ready for the upcoming web3 mini-game platform. Developers should look into the Kaia Wave program for potential funding opportunities.</li><li>Axie Infinity players should check out the new Axie Pals extension and start interacting to earn AXP points.</li><li>Consider exploring the potential of the Hamster Kombat ecosystem, given its impressive launch performance, but be mindful of its massive airdrop’s implications.</li><li>Stay tuned for more news from the Solana Breakpoint Conference and developments in the Soneium project, as they may bring additional exciting announcements for the GameFi sector.</li></ol><p>Remember, in GameFi, every day unlocks a new level if you play it right – keep grinding, stay informed, and always play smart!</p>

Week in GameFi: Ready Player Solana Gen One

Table of Contents

Other articles published on Sep 30, 2024

CMC Market Pulse: Situational Awareness Bailout, Market is Saved?

CMC Market Pulse: Crypto Market Seeks Clarity

What Is Robinhood Chain, and How Does It Work?

Join our free newsletter for daily crypto updates!