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COINTURK NEWS > Cryptocurrency News > GameFi Sector Experiences Remarkable Growth and Innovation
Cryptocurrency News

GameFi Sector Experiences Remarkable Growth and Innovation

In Brief

  • GameFi popularity surges, attracting funds and traffic.

  • Total funds in GameFi exceed $13.8 billion, with 65 chains.

  • Dynamic market shifts and player preferences drive growth.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Cryptocurrency exchange OKX released a striking report today on the GameFi sector. According to the report, GameFi is experiencing a rise in popularity and is attracting more funds and traffic day by day. Last week, the performance of various chains in the GameFi ecosystem was notably strong.

Contents
OKX Report Highlights Rising Trends and Impressive FiguresEmerging Leaders and Evolving PreferencesExpectations for Future Growth

OKX Report Highlights Rising Trends and Impressive Figures

The total funds collected in the GameFi sector have witnessed a steady increase over the past two months, surpassing $13.8 billion. Currently, there are a total of 65 chains in the sector, with the daily number of players reaching 2.05 million and the daily transaction volume experiencing an extraordinary increase of 39.6%, rising to $7.38 million.

In terms of market share among players, Ronin captured more than 29% of the total market share, showing a significant increase of over 100% from the previous month, with 610,000 players.

Emerging Leaders and Evolving Preferences

In recent months, a gradual shift from chains like Polygon and Immutable X to Ronin, Ethereum, and Arbitrum has been observed, indicating a dynamic change in the market share landscape. In particular, Ronin witnessed an exponential growth in volume with an astonishing increase of over 137%, reaching 2.07 million.

According to player preferences, the top-ranked games include Carv, MotoDEX, and Pixels, while the games dominating daily transaction volume are Axie Infinity, Treasure DAO, and Gods Unchained. Additionally, in the daily volume ranking by chain, Ronin leads with 2.07 million, followed by Ethereum with 1.34 million and Arbitrum with 1.31 million.

Expectations for Future Growth

As the crypto market recovers and the sector’s infrastructure continues to develop, we can expect a steady emergence of innovative projects from the gaming arena. This evolving environment promises an exciting future for the entire GameFi sector, preparing for exponential growth.

In conclusion, the GameFi sector is witnessing unprecedented growth and innovation, fueled by a favorable cryptocurrency environment as well as an influx of funds and traffic. When dynamic market dynamics and evolving preferences combine with groundbreaking projects, the future of GameFi looks extremely promising, heralding a new era of possibilities in the crypto gaming space.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 12 February, 2024 - 7:01 pm 12 February, 2024 - 7:01 pm
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