Odaily Planet Daily reported that blockchain games did not make a large-scale entry into the mainstream in 2024, but significant progress has been made in gameplay and user acquisition. Senior gaming executive and Delabs Games CEO Joonmo Kwon stated, "Since the rise and subsequent decline of 'Axie Infinity', the Web3 gaming world has made significant advances. While Axie's early success showcased the potential of a blockchain-based economy, its decline also revealed the challenges of sustainable token economics and user retention." The biggest advancement in Web3 gaming is the emergence of Telegram ecosystem games, which have nearly 1 billion users. Telegram-based games utilize the TON blockchain. According to TonStat data, the number of accounts on the TON network increased from approximately 4 million to 128 million within a year. According to Kwon, by mid-year, the GameFi market valuation reached about $17 billion, primarily due to the rise of the Telegram gaming ecosystem. However, despite the increase in adoption of Web3 games in 2024, The Block's GMCI gaming index shows that as of December 18, major gaming-related tokens have fallen by about 7% this year. The index includes major gaming tokens such as BEAM, GALA, and IMX, but does not include TON (which has increased by over 100% this year).