Leading players in the gaming token market, $NOT and $APE, have remarkable $585 million and $435 million trading volumes, respectively. The market’s growing interest in blockchain-based gaming assets is reflected in the significant attention these tokens have garnered. Phoenix, a cryptocurrency news platform, stated that these tokens’ top ranking demonstrates both their high trading volumes in the gaming category and their high demand.
TOP #GAMING TOKENS BY WEEKLY VOLUME$NOT $APE $GALA $NAKA $YGG $MANA $BIGTIME $SAND $ILV $GMT $PIXEL $BNX $DAR $AXS $AI pic.twitter.com/7Dm1pD8576— PHOENIX – Crypto News & Analytics (@pnxgrp) September 8, 2024
$GALA and $NAKA Follow $NOT as Top Traded Gaming Tokens
With $279 million in trading volume, $GALA is the second most active asset after $NOT and $APE. The native token of the Gala Games platform, GALA, is highly traded because it provides support for numerous decentralized games. The stock immediately below, $NAKA, is trading at a volume of $257 million. A gaming platform called $NAKA, Nakamoto Games, has entered the market and is built on blockchain technology.
With a $208 million volume, $YGG comes in fourth. Yield Guild Games, which are denoted by $YGG, are recognized for their emphasis on game asset management, a characteristic that has clearly won over investors. The second cryptocurrency is MANA, the native token of Decentraland. With a $187 million trading volume, it is in relatively high demand and indicates the growing interest in virtual reality gaming.
$ILV, $GMT, and $PIXEL Add to Growing List of Popular Gaming Tokens
Other examples are $SAND (160 million) and $BIGTIME (167 million). The sources of both tokens are Big Time and The Sandbox, respectively. On the other hand, $ILV, $GMT, and $PIXEL, with their respective trading volumes of $149 million, $140 million, and $150 million, show that there are a variety of gaming tokens available on the market. Additional coins that join the list include $BNX, $DAR, $AXS, and $AI, indicating a trend in gaming-related coins.
Lastly, Phoenix’s report on the high trading volumes of these gaming tokens is unmistakable evidence of the continued and expanding relationship between blockchain technology and gaming. The top three are $APE, $GALA, and $NAKA), indicating that investors are worried about multiple gaming protocols. Various tokens such as $YGG, $MANA, and others serve as examples of the diverse interests within the industry.