Truflation, known for its real-time financial data solutions and indices tied to real-world assets, announces GameFi Index, a specialized tool designed to monitor the performance of leading blockchain-based gaming platforms . These platforms, commonly referred to as Play-to-Earn (P2E) protocols, are attracting significant attention, with the space attracting over $1.1 billion in investment by the second quarter of 2024. Analysts expect GameFi market valuation to reach $302. By 2030, it will reach 1 billion people and is growing at an astonishing rate of 68% per year.
The index was developed in collaboration with blockchain gaming advocate EllioTrades. We aim to provide comprehensive insight into the GameFi landscape by analyzing multiple data points such as user engagement, market capitalization, trading volume, fully diluted valuation, and distribution of token holders. Unlike traditional market indicators that focus solely on token prices, the GameFi Index provides a broader perspective on the health and potential of the sector as a whole.
GameFi Index: Key features and metrics
GameFi Index stands out as a benchmarking tool that combines transaction and user data from a variety of blockchain gaming protocols and titles. This helps capture the resilience and growth potential of the GameFi industry.
Major protocols and games
The index includes several prominent protocols such as Immutable (IMX), Superverse (SUPER), Beam (BEAM), Ronin (RON), Avalanche (AVAX), Polygon (POL), and Toncoin (TON). Masu. These protocols account for 50% of the index’s weighting, and their performance is measured using metrics such as daily trading volume and market capitalization, ensuring diverse representation.
In addition to the protocol, the index covers 28 top-performing games, with each game boasting at least 50,000 unique active wallets per day. Standout titles include World of Dypians, Pixels, KGeN, Apeiron, Alien Worlds, and Axie Infinity. Each game’s weight in the index is determined by its unique number of active wallets, providing a clear picture of user engagement within the ecosystem.
Driving growth for blockchain games
The evolution of blockchain games is marked by the emergence of AAA and AA game titles that incorporate more advanced role-playing elements and sophisticated in-game economies. These features, along with Web3 experiences and systems that reward player participation, are key drivers of growth in the GameFi space, according to industry reports.
Stefan Rust, CEO of Truflation, said that the blockchain game is advancing rapidly, with more than 2.1 million active wallets participating in the on-chain game every day. He highlighted that the GameFi Index provides users with real-time data, enabling them to make informed decisions when exploring investment opportunities in this fast-paced market.
Empowering investors and developers
The introduction of the GameFi Index underscores Truflation’s commitment to providing actionable insights to stakeholders in the blockchain gaming industry. By providing a detailed view of sector dynamics, this tool serves as a valuable resource for investors looking to diversify their portfolios and developers looking to innovate in the GameFi space.
With GameFi Index, Truflation sets a new standard for tracking and analyzing blockchain gaming platforms, reflecting the sector’s growing influence and long-term growth potential.
