GameFi Index, a new tool created to monitor the performance of leading blockchain-based gaming currencies, has been released by Truflation.
According to Truflation’s statement on November 11, the GameFi Index does more than just monitor the value of specific play-to-earn tokens.
Users can use the index to learn about the expansion of the industry and important parameters for play-to-earn initiatives, such as token holders and completely diluted valuation.
“On-chain gaming is evolving faster than ever, with over 2.1 million daily active wallets. The GameFi Index empowers users with accurate, up-to-the-minute data on the gaming sector,” said Stefan Rust, chief executive officer of Truflation. “It provides a tool for anyone looking to diversify investments in the GameFi space.”
This index was created by Truflation and EllioTrades. This index’s release coincides with a rebound in market performance and investment in the blockchain gaming industry.
According to projections, the GameFi market has drawn over $1.1 billion in investments overall, and if it continues on its current trajectory, the P2E sector could reach $302 billion by 2030, growing 68% a year.
Given these figures, the most popular tokens in the cryptocurrency gaming industry may enjoy enormous gains.
The GameFi Index from Truflation provides a benchmark index that integrates user and trade metrics.
The data affects top gaming protocols and games, including Avalanche, Immutable, Polygon, and Toncoin. Pixels, Apeiron, Axie Infinity, and Dypians are currently among the games part of the index.
The 28 games part of the index must have at least 50,000 distinct active wallets daily, even though protocols have a 50% weighting. The weighting of each game is based on how many distinct active wallets it has relative to the total.
