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Truflation has announced the launch of the GameFi Index, a new tool designed to track the performance of top blockchain-based gaming tokens.
Truflation noted in its Nov. 11 announcement that the GameFi Index goes beyond tracking the price of individual play-to-win tokens. Users can use the index to gain insight into industry growth and key metrics for play-to-win projects, including token holders and fully diluted valuation.
“On-chain gaming is evolving faster than ever with over 2.1 million daily active wallets. The GameFi Index provides users with accurate and up-to-date data on the gaming industry,” said Stefan Rust, CEO of Truflation. “It provides a tool for anyone looking to diversify their investments in the GameFi space.”
Truflation developed this index in collaboration with EllioTrades.
The launch of this index comes at a time when the blockchain gaming space is experiencing a resurgence in investment and market performance.
Overall, estimates suggest that the GameFi market has attracted more than $1.1 billion in investments, while the growth trajectory suggests that the P2E sector could grow by 68% annually, reaching $302 billion by 2030. With these numbers in place, the likely top tokens in the crypto gaming market could see huge returns.
Read more: Data shows blockchain games drove over 25% of on-chain activity in Q3
Truflation’s GameFi Index provides a benchmark index that combines trading and user metrics. The data covers top gaming protocols and games, including Avalanche ( AVAX ), Immutable ( IMX ), Polygon ( POL ), and Toncoin ( TON ).
Games currently on the index include Pixels, Apeiron, Axie Infinity, and Dypians.
Protocols have a 50% weight in the index, while the 28 games included must have at least 50,000 unique active wallets per day. Each game is weighted based on its unique active wallets compared to the overall total.