Well, folks, the crypto gaming world has been on a rollercoaster ride these past 30 days, and not the fun kind. Market cap and trading volume have taken a nosedive, plummeting by at least 29%. Blame it on the broader crypto market’s tumble, with Bitcoin leading the charge like a bull in a china shop. 🐂💥
But here’s the kicker: despite the doom and gloom, most gaming projects haven’t thrown in the towel. Nope, they’re still chugging along like a steam engine in the Wild West. According to the crypto analytics platform Santiment, the top dogs in development activity are MultiversX (EGLD), Decentraland (MANA), and Skale Network (SKL). 🚂💨
Top Gaming Projects By Dev. Activity
MultiversX is the undisputed champ, boasting the highest development activity. This so-called “internet-scale blockchain” is a jack-of-all-trades, dabbling in decentralized finance (DeFi) and wallets, but it’s their gaming products that are stealing the spotlight. Since July 2024, they’ve been leading the pack, and their native token, EGLD, is sitting pretty as the eighth-largest gaming asset with a market cap north of $496 million. 🏆💎
Hot on their heels is Decentraland, a virtual world where you can create memories, make friends, and explore events—basically, it’s the Metaverse’s answer to a high school reunion. Decentraland’s MANA token is the fifth-largest gaming asset by market cap, and they’ve been holding steady as the second leader in development activity since July 2024. 🎉🌐
Then there’s Skale Network, the dark horse of the bunch. Unlike MultiversX and Decentraland, Skale’s activity has recently spiked, catapulting them to third place. This zero gas fee blockchain has mostly been playing fourth fiddle to Immutable X (IMX) or Nine Chronicles (WNCG), but their token SKL is the 18th-largest gaming asset by market cap. 🐎💨
Saito And Enjin See Notable Dev. Activity
Immutable X, the fourth leading project, didn’t see much of a boost in development activity, which is why Skale Network managed to overtake them. Still, IMX boasts the largest market cap in the gaming sector—over $932.8 million. Not too shabby, eh? 💰📈
Coming in fifth is Saito (SAITO), a blockchain that runs web3 applications directly in browsers. Following Saito is The Root Network (ROOT), a hub for the open metaverse and a foundation for connected games. Neither saw any significant spikes in development activity, but they’re still in the game. 🌱🕹️
Enjin (ENJ), offering a suite of integrated gaming products, took seventh place. The Sandbox Game (SAND) landed in eighth, while the Ethereum-based decentralized game console Treasure (MAGIC) came in ninth. And let’s not forget Cere Network, the decentralized cloud computing platform that also recorded notable development activity. 🎮☁️
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2025-03-15 16:28