Since the start of the year, several crypto projects have launched their tokens. Some of the biggest token launches have come from the gaming sector. From Pixels to Portal, these crypto games have launched native tokens, with their market caps rising to hundreds of millions within a few days of trading.
In this article, we will explore crypto gaming projects whose tokens’ market caps have surpassed $100 million since launching.
Pixels
Pixels is undoubtedly the hottest crypto game right now. The farming game runs on the Ethereum scaling solution Ronin. Its native token, PIXEL, started trading in late February. It recorded over $1 billion in trading volume 24 hours after its launch. PIXEL peaked at $1.03 and recorded an all-time market cap of $730 million on February 28th. The token has since declined in value, now trading at $0.74 with a market valuation of $574.6 million. PIXEL is listed on Binance, MEXC, Gate.io, Bingx, and many more centralized exchanges.
Portal
Portal, an Ethereum-based game, arrived in the market with massive hype around it thanks to its pre-launch campaign, which required gaming enthusiasts to tweet about the game to earn free PORTAL tokens. PORTAL was launched via Binance LaunchPool on February 29th. Two days before that launch, the exchange’s users had staked more than $9 billion in BNB to farm PORTAL. On its first day of trading, the token peaked at $3.35, with a market cap of $561 million.
PORTAL has since dropped to $2.03, with its market capitalization standing at $335.23 million. Besides Binance, you can trade the token on KuCoin, Bybit, BingX, and Gate.io.
Xai
Xai is a layer-3 gaming chain built atop Ethereum layer-2 network Arbitrum. Before going live, Xai conducted a huge airdrop, rewarding holders of specific NFTs and operators of its Guardian Nodes. The project’s native token, XAI, had an impressive start, rising to $1.60 and recording a peak market cap of $440 million.
As of this writing, however, XAI has dropped to $1.23 and has a market valuation of $341 million. Many experts anticipate that the token could rally soon as more games continue to launch on the Xai blockchain.
That said, if you wish to buy the XAI token, you can do so on Binance, Bingx, Gate.io, KuCoin, and Bitmart.
Heroes of Mavia
This game is definitely one of the biggest launches in the crypto gaming sector, considering it has witnessed millions of app downloads across Android and iOS. MAVIA is the token that powers the House of Mavia game. During its launch, over 90,000 early players were airdropped tokens. Moreover, those who had staked certain NFTs received some free MAVIA.
In February, MAVIA saw its price shoot to $10 and hit a market valuation of $317 million. However, the upward move was short-lived. The token’s value has since dropped about 40% to $6.04, and its market cap stands at $181.2 million.
Several centralized exchanges support MAVIA. Some of them include Gate.io, KuCoin, MEXC, HTX, Bitget, and BingX.
Gaimin
This project aims to power blockchain games through a decentralized cloud computing protocol, allowing users to use their computing resources to receive rewards. Gaimin’s native token, GMRX, launched on March 27th. Twenty-four hours after opening trading, the crypto asset hit $0.039 and posted a market cap of $261 million. However, GMRX has declined to $0.18 and has a market valuation of $113.1 million. You can trade the token on KuCoion, Bybit, and Gate.io.
Apeiron
Apeiron has yet to launch fully. Still, the hype around this Ronin-based game has attracted crypto users to buy its native token APRS, which started trading on March 26th. The crypto asset peaked at $1.88 the following day and posted a market cap of $193.5 million. However, like other gaming tokens mentioned above, APRS has seen a decline in value. It’s now trading at $1.24 with a market valuation of $127.6 million.
Bybit is the only centralized exchange that has listed APRS as of March 30th.
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