GameFi segment capitalization exceeded $31 billion
Over the past week, GameFi tokens have shown significant growth. At the time of writing, the market capitalization of the segment is $31.5 billion, according to CoinGecko.
The popularity of Web3 games is even more noticeable in 30-day metrics:
Gala token grew by 184.5% during this period;
Axie Infinity by 64.8%;
The Sandbox at 59.5%.
According to Nansen analyst Edward Wilson, such high performance indicates the willingness of a significant part of investors to take on increased risk.
“As the market begins to heat up, investors are looking for higher yields beyond major cryptocurrencies like Bitcoin and Ethereum,” he told The Block.
Representatives of the Bitget exchange also noted an increase in trading volumes of GameFi tokens. From March 9 to 10, this figure on the platform increased by 126%. The number of traders increased by 48% over the week.
