Gamefi tokens have recorded notable gains over the past week, with several assets posting double- to triple-digit gains. Coins associated with gaming finance are digital assets used in blockchain-based gaming platforms, either as in-game currencies or for governance purposes, allowing voting on decisions that affect to the development and operation of the game.
Currently, the total value of the top gamefi tokens today is 11.49 billion USD. This valuation represents less than 1% of the total $1.4 trillion crypto economy, or about 0.82%. The largest game token by market capitalization is Internet computer (ICP), valued at approximately $1.9 billion. The value of ICP increased by 8.1% over the past week.
However, there are two gamefi tokens that are underperforming: affyn (FYN) is down 28% and starlink (STARL) is down 11.1%.
Although the appeal of the metaverse and gamefi has diminished compared to the excitement surrounding the artificial intelligence (AI) sector, the leading gamefi token ecosystem is still significantly more valuable than the pre-money token economy AI electronics, currently valued at 3.37 billion USD .
