Coin associated with the gaming finance sector refers to digital assets utilized within blockchain-based gaming platforms, serving as in-game currency or for managerial purposes, allowing voting on decisions impacting the development and operations of the game.
The Gamefi token economy has surged from $6.95 billion in January 2023 to $12.6 billion in November 2023.
Currently, the total value of leading Gamefi tokens stands at $12.6 billion. This valuation represents less than 1% of the total cryptocurrency economy valued at $1.4 trillion, approximately 0.82%.
The largest market-cap Gamefi token is Immutable X (IMX), has witnessed a 27.7% increase last week, with a valuation of $1.5 billion.