{"id":88711,"date":"2023-12-26T13:10:18","date_gmt":"2023-12-26T11:10:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88711"},"modified":"2025-09-13T19:43:20","modified_gmt":"2025-09-13T16:43:20","slug":"gamefi-token-capitalization-plunges-86","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/gamefi-token-capitalization-plunges-86\/","title":{"rendered":"GameFi token capitalization plunges 86%."},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>In 2023, the blockchain gaming market stagnated, but growth prospects remained.<\/li>\n<li>The vast majority of users in the segment live in Asia.<\/li>\n<li>The networks most popular among developers are Optimism and StarkNet.<\/li>\n<\/ul>\n<\/div>\n<p>The combined market capitalization of 183 gaming tokens during 2023 fluctuated between $4 billion and $7 billion, 86% below the historical peak, according to a Delphi Digital report.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">While everyone is busy packing Christmas gifts, I keep reading research to stay well-positioned for 2024.<\/p>\n<p>Here are 20 key insights from <a href=\"https:\/\/twitter.com\/Delphi_Digital?ref_src=twsrc%5Etfw\">@Delphi_Digital<\/a>&#8216;s report &#8220;The Year Ahead for Gaming 2024&#8221; \u2193 <a href=\"https:\/\/t.co\/JQwIQeNcMm\">pic.twitter.com\/JQwIQeNcMm<\/a><\/p>\n<p>\u2014 Stacy Muur (@stacy_muur) <a href=\"https:\/\/twitter.com\/stacy_muur\/status\/1738896325507448936?ref_src=twsrc%5Etfw\">December 24, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, in their view, the sector&#8217;s growth potential remains, as traditional gaming giants are increasing interest in entering the market <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/gvmV2J2INaHdrZ5wZbR-Jubcu-hgDqX9oxOxXxH4jaHT3_SKghPME0ONwAz2DdfbPx04mpL1TU0sBc2UCy16TniWnlWEl7YMTnn5wztnYvDaBvUukz4iEMH0bPwQv-284ITfGCjHBU422MlPDno-D3s\" alt=\"\u041a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u044f GameFi-\u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u043e\u0431\u0432\u0430\u043b\u0438\u043b\u0430\u0441\u044c \u043d\u0430 86%\"\/><figcaption class=\"wp-element-caption\">Comparison of Ethereum, Dogecoin, and GameFi token capitalizations. Data: Delphi Digital.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Asian Expansion<\/h2>\n<p>Leading markets in blockchain gaming are the Philippines, Nigeria, Pakistan, Singapore, Vietnam, South Korea, Hong Kong, China and the UAE.<\/p>\n<p>The number of networks focused on the segment grew by 76% in 2023. On that basis, experts suggested that in the near term the main theme would be competition for player liquidity.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/kBUbjSXp_ss95d53NybMesw8eMyr72YoCslb2wuu9ppxu5xIj31hsl7wCFCHFfpS9qV8RhAZaRMHWmaLqgR9D7LZ6HjDC0XEV0s9ynaWvqiOWrIwbkk6xQ4wh4kd05JBUa5hh14Fip1dxjWKNZrtFFM\" alt=\"\u041a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u044f GameFi-\u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u043e\u0431\u0432\u0430\u043b\u0438\u043b\u0430\u0441\u044c \u043d\u0430 86%\"\/><figcaption class=\"wp-element-caption\">Blockchains involved in the GameFi industry. Data: Delphi Digital.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Optimism for Developers<\/h2>\n<p>Delphi Digital noted that the infrastructure for Web3-game development is expanding rapidly. The most popular framework among projects is the OP Stack from <a href=\"http:\/\/optimism\">Optimism<\/a>, with <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-starknets-blockchain-and-cryptocurrency\">StarkNet<\/a> in second place. A new trend has emerged: gaming crypto apps on TON.<\/p>\n<p>In 2023, blockchain games generated on average 23 times as many intra-network transactions as DeFi protocols. Experts forecast that this will draw attention to the segment from many platforms.<\/p>\n<p>By year-end, about 1.2 million daily active wallets were involved in GameFi. Daily transactions ranged from 15 million to 25 million.<\/p>\n<p>Moreover, only slightly over 5% of blockchain games have a daily user base exceeding 100 gamers. The figure remained roughly at this level throughout the year. Experts believe that only this category of GameFi apps should be considered active.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/VUJfsN6xGW8ZPooTLLDBOPUJUXBI8JqHm_WtHBz0VY9TLoNb7UpBdkHqbwQZdVXpq7HGnyDqvl3YEcvKkICF3PH3PdWGplHeDFuhkboM-jk0s7_t3f8adEwpw_sDWG_v4dYcIGBTTFpf--RW83umwrQ\" alt=\"\u041a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u044f GameFi-\u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u043e\u0431\u0432\u0430\u043b\u0438\u043b\u0430\u0441\u044c \u043d\u0430 86%\"\/><figcaption class=\"wp-element-caption\">Share of active blockchain games. Data: Delphi Digital.<\/figcaption><\/figure>\n<p>Delphi Digital noted that gamer incentives, rising costs of development and ongoing operations render Web3 games financially burdensome for projects.<\/p>\n<p>According to sector studies, user acquisition costs for new users of blockchain-based mobile games are 77% higher than for non-Web3 alternatives. To achieve profitability and scale, developers must broaden their monetizable gamer base.<\/p>\n<p>CoinGecko had noted that in five years since the advent of play-to-earn gaming, 2,127 of 2,817 projects in this space <a href=\"https:\/\/u1f987.com\/en\/news\/coingecko-reports-that-75-of-gamefi-projects-have-closed\">failed<\/a>, about 75.5%.<\/p>\n<p>Delphi Digital identified AI in blockchain games as a trend. In their view, this unlocks new possibilities for users. Among the most interesting projects at the intersection of these technologies they named Parallel, Today, AI ARENA, Geppetto AI and AVALON.<\/p>\n<p>In October, Electronic Arts CEO Laura Miele stated the <a href=\"https:\/\/u1f987.com\/en\/news\/ea-chief-executive-sees-ai-as-boon-for-video-games\">positive impact<\/a> of AI on the gaming industry.<\/p>\n<p>Fortune Business Insights had forecast the blockchain gaming market <a href=\"https:\/\/u1f987.com\/en\/news\/study-blockchain-gaming-market-set-to-surpass-614-billion-by-2030\">to reach $615 billion by 2023<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The combined market capitalization of 183 gaming tokens in 2023 fluctuated between $4 billion and $7 billion, 86% below the historical peak. Delphi Digital researchers noted this in a report.<\/p>\n","protected":false},"author":1,"featured_media":88712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1155,1150,1252],"class_list":["post-88711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-games-and-gamefi","tag-news-plus","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=88711"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88711\/revisions"}],"predecessor-version":[{"id":88713,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88711\/revisions\/88713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/88712"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=88711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=88711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=88711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}