The post Truflation Launches GameFi Index to Track Blockchain Gaming Platforms Performance appeared on BitcoinEthereumNews.com.

Truflation, a leader in real-time financial data and real-world asset indices, is pleased to announce the GameFi Index‘s launch. Referred as Play-to-Earn (P2E) protocols, this cutting-edge tool is designed to monitor the return performance of popular blockchain-based gaming platforms. As of Q2 2024, the GameFi sector has attracted over $1.1 billion in investments (Kraken), and at a 68% annual growth rate, the sector is predicted to reach $302 billion by 2030. The GameFi Index is a comprehensive measure of the GameFi industry’s success that goes beyond token price alone. It was introduced in partnership with well-known blockchain gaming advocate EllioTrades. It gives further insight into industry growth by using both trading and user indices to monitor engagement, market cap, and trading volume, as well as metrics like fully diluted valuation and token holder counts. The GameFi Index: What It Tracks In order to better represent the potential and resilience of the GameFi ecosystem, the Truflation GameFi Index aggregates user and trading metrics from popular protocols and games. Highlights consist of: Top Protocols: A select group of platforms, including Toncoin (TON), Avalanche (AVAX), Beam (BEAM), Ronin (RON), Superverse (SUPER), Immutable (IMX), and Polygon (POL). In order to provide varied representation, protocols are evaluated using a 50% weighting within the index and parameters such as market capitalization and daily trading volume. Top Games: At the moment, 28 games that have daily minimum unique active wallets of 50,000 are included in the index. World of Dypians, Pixels, KGeN, Apeiron, Alien Worlds, and Axie Infinity are a few of the well-known games in the index. The weighting of games is determined by comparing the aggregate sum to the number of distinct active wallets. GameFi Sector Overview Blockchain-based gaming is revolutionizing the digital economy thanks to the emergence of AAA and AA blockchain games, role-playing game mechanics, and creative in-game economies. According to the Nansen Report, role-playing games,…

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Filed under: News - @ November 12, 2024 4:19 am