[GameFi token value surges by $4.5 billion, surpassing the growth of the artificial intelligence cryptocurrency industry]
The GameFi token has made significant gains in the past week, with multiple assets seeing double- and even triple-digit growth. GameFi tokens, which are digital assets related to the blockchain gaming platform, can be used as in-game currency or for decision-making and governance, affecting the development and operation of the game.
The GameFi token economy has grown rapidly from US$6.95 billion in January 2023 to US$11.49 billion in November 2023. Currently, the leading GameFi token has a total market capitalization of $11.49 billion, accounting for 0.82% of the total cryptocurrency market of $1.4 trillion. Among them, the GameFi token with the highest market value is Internet Computer (ICP), with a current market value of approximately US$1.9 billion and an increase of 8.1% against the US dollar in a week.
The second largest GameFi token is ImmutableX (IMX), which is up 57.7% this week and has a market cap of $1.35 billion. In the past seven days, four GameFi tokens have achieved triple-digit growth, namely netvrk (NTVRK) has increased by 319%, planet ix (IXT) has increased by 261%, sinverse (SIN) has increased by 185%, and Sipher (SIPHER) has increased by 109.1% . In addition, virtua kolect (TVK) and senate (SENATE) grew by 86.3% and 71.5% respectively.
Illuvium (ILV) also posted gains of 71.2% over the past week. However, affyn (FYN) and starlink (STARL) fell 28% and 11.1% respectively. Although the appeal of the Metaverse and GameFi has declined slightly compared to the artificial intelligence (AI) industry, the market capitalization of the leading GameFi token ecosystem still exceeds that of the AI crypto token economy, which currently has a market capitalization of only $3.37 billion.
