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The gaming sector welcomes a 'small spring', with Bitget taking the lead in setting up a GameFi zone.

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With the recovery of the cryptocurrency market, the continuous improvement of industry infrastructure, and the continuous landing of various innovative projects, there will be more and more phenomenal projects emerging from the gaming track, and the entir

Original author: Martin Talk

With the overall recovery of the cryptocurrency market and the triggering of rotational trends, more funds and traffic are beginning to flow into the GameFi field. Since last week, multiple tracks in the GameFi ecosystem have performed well, including game public chain projects, GameFi platforms, and game projects, all of which have achieved considerable results. Some new GameFi projects are even more impressive, such as Shrapnel (SHRAP), which was launched on Bitget on November 8th at an initial price of $0.03 and is now priced at $0.19, with an increase of more than 533% since its initial launch, becoming the best-performing GameFi project in recent times. With more and more players and investors joining in, the GameFi ecosystem will have a broader development space.

Old-school game public chain's new move

In gaming public chain projects, multiple public chains have performed well in terms of total lock-up volume and the price of their native tokens. Immutable X, which has received investment from Tencent, saw its native token price rise from $0.6 to $1.12 within a week after announcing its partnership with Ubisoft, an increase of over 80%. According to L2BEAT data, Immutable X's TVL also surpassed $200 million last week, with a 7-day increase of 40.71%.

And the chain game Axie Infinity's sidechain, Ronin Network, also has new developments. On October 31st, the P2E chain game Pixels announced its launch on the Ronin Network, and also opened up the minting of Pixels Pets (NFTs with instant gaming utility) on the Ronin Chain, and will launch the PIXEL token. As a result of this positive news, the native token of Ronin, RON, has increased by over 24% in the past week.

These public chain projects provide a solid foundation for the development of the Gamefi ecosystem by offering efficient and low-cost transactions as well as smart contract functionality.

GameFi platform starts to exert its strength

除了游戏公链项目，各类 GameFi 平台代币也开始发力。Gala Games (GALA) 作为一个全球领先的 GameFi 平台，不仅在用户规模上取得了突破性的增长，还推出了一系列创新的游戏和 NFT 产品。SuperVerse (SUPER) 是一个 GameFi 跨链协议，旨在促进新的 NFT 发行，通过将游戏资产转化为 NFT 为玩家提供了真正的所有权和价值。

With the arrival of this small bull market, these gaming platform tokens have all experienced varying degrees of growth. According to Bitget trading platform data, GALA tokens have recently risen by more than 40%, while SUPER tokens have seen a monthly increase of over 300%, which is quite impressive.

潜力游戏项目迎来价值回归

translates to

Potential gaming projects welcome value regression

The token price of various gaming projects such as Axie, STEPN, and Star Atlas has also seen amazing growth. Axie Infinity (AXS), as a veteran star project in the GameFi field, has attracted a lot of attention from players and investors due to its unique gameplay and sustainable economic model. STEPN (GMT) and Star Atlas (ATLAS) have introduced new game modes and combined them with elements such as cryptocurrency and NFTs to bring players a brand new gaming experience. According to the latest data from the Bitget platform, the price of AXS tokens has risen by 20% in a month, while the monthly increase in GMT and ATLAS token prices is 54% and 132%, respectively.

In addition, some emerging GameFi projects have also shown potential. As one of the earliest supporters of GameFi development and the launch of a GameFi trading zone, Bitget has recently seen multiple chain game projects with price increases of over 100%, such as the Nakamoto Games (NAKA) platform for earning while playing and the multi-game strategy game (MetaTrace) TRC, whose token prices have risen by 125% and 110% respectively since their launch, as well as SHRAP, which was mentioned earlier and has seen a surge of over 533% in less than 2 weeks since its launch. Currently, Bitget's GameFi zone supports trading of tokens for 66 chain game projects, covering game public chain projects, GameFi platforms, and multiple innovative game projects.

Conclusion

Web3 games and GameFi have always been considered the next trend in the cryptocurrency industry. The traditional gaming industry has a huge user base, and cryptocurrency games can convert virtual assets in traditional games into truly valuable digital assets by introducing blockchain and cryptocurrency technologies. This may become the entry point for the 1 billion users in the cryptocurrency industry. With the recovery of the cryptocurrency market, the continuous improvement of industry infrastructure, and the continuous landing of various innovative projects, more and more phenomenal projects will emerge from the gaming track, and the entire GameFi track will also experience explosive growth. This can not only stimulate the participation of traditional players, but also provide more profit opportunities for players.