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Big tokens have been dropping left and proper thus far in 2024, and gaming tasks are getting in on the joy. Tokens tied to video games and networks have been amongst this 12 months’s largest launches because the broader crypto market rebounds and airdrops speed up.
From Portal to Pixels, these are the gaming tokens which have made waves thus far this 12 months, ranked by peak market cap thus far per pricing information on the time of writing. However there are positive to be extra huge tokens forward, as our gaming airdrops roundup suggests, so keep tuned—we’ll maintain updating this listing.
We’re utilizing a peak market cap of at the least $100 million as our minimal benchmark for this listing, as of this replace, although we might shift that mark over the course of the 12 months as increasingly more tokens launch.
1. Notcoin (NOT)
Peak Worth: $0.02896
Peak Market Cap: $2.97 billion
There is a new reigning champion, and it is not even shut. Notcoin launched its NOT token on The Open Community (TON) in Might, and it rapidly blasted as much as a market cap close to $1.5 billion amid an airdrop declare accessible to some 35 million gamers.
Granted, like many newly launched cash, the early value motion was risky and it dipped quickly after… however then blasted off to new heights in June, reaching a peak market cap of almost $3 billion. No different new gaming token in 2024 has come shut. And with a flood of recent Telegram-based video games taking maintain and reaching even bigger audiences, all eyes will probably be on the subsequent token launches forward.
2. Pixels (PIXEL)
Peak Worth: $1.02
Peak Market Cap: $731 million
Ethereum’s hottest recreation proper now can also be accountable for one among this 12 months’s largest tokens. The PIXEL token launched in late February for the coolness farming recreation on Ethereum scaler Ronin, and helped introduce much more crypto-native components into the online recreation. It additionally generated greater than $1 billion price of buying and selling in lower than a single day.
With tons of of 1000’s of each day customers, Pixels has the crypto world’s consideration and has helped construct some severe momentum round Ronin too. PIXEL popped above a value of $1 in mid-March, taking excessive slot on this listing till Notcoin dethroned it. More tokens have been unlocked since then, although PIXEL’s value can also be approach down as of this writing.
3. Saga (SAGA)
Peak Worth: $7.60
Peak Market Cap: $684 million
Whereas not solely a gaming chain, the layer-1 Saga community has centered most of its preliminary push round video games, together with working play-to-airdrop campaigns and revealing plans for an in-house recreation publishing arm referred to as Saga Origins. In response to Saga, about 80% of testnet tasks have been targeted on gaming.
And the SAGA token has made a giant splash, first with a record-breaking Binance Launchpool marketing campaign that noticed prospects stake over $13.4 billion price of funds to earn SAGA rewards, after which with a peak value that pushed the token to the number-two slot on our listing as of this level within the 12 months. And there are extra airdrop rewards to come back.
4. Portal (PORTAL)
Peak Worth: $3.36
Peak Market Cap: $561.6 million
Simply launched on February 29, Portal arrived with a degree of hype we haven’t seen within the crypto gaming area in a while. Partially, that’s due to an airdrop farming push that noticed customers flood Twitter with tweets—and a then-record Binance marketing campaign that noticed customers stake over $9 billion price of crypto in hopes of yielding rewards didn’t damage.
The worth dipped fairly rapidly, nonetheless, and hasn’t come near regaining that floor as of this newest replace. Can this Ethereum-based token for the upcoming cross-chain gaming platform regain the hype?
5. Xai (XAI)
Peak Worth: $1.59
Peak Market Cap: $440.6 million
The Xai layer-3 gaming community on Ethereum scaler Arbitrum had this 12 months’s first huge airdrop, rewarding homeowners and operators of the community’s Guardian Nodes and sure NFT holders. It’s been a scorching begin for XAI thus far, rising to a peak value that’s greater than double what it dropped at.
Video games are beginning to roll out on the community, which should drive much more consideration and pleasure to the token, plus Xai lately launched staking rewards too.
6. Heroes of Mavia (MAVIA)
Peak Worth: $10.59
Peak Market Cap: $317.7 million
Heroes of Mavia is one among this 12 months’s largest new crypto recreation launches. The Conflict of Clans clone has attracted hundreds of thousands of downloads throughout iOS and Android, and Skrice Studios celebrated the discharge by airdropping tokens to 100,000 early gamers, together with tokens for digital land homeowners who had beforehand staked their NFTs.
MAVIA noticed a giant value surge after launching in February, rising above $10—a greater than 5x enchancment on the opening value. But it surely was short-lived, shedding over 80% of its worth since, and the sport’s staff opted to push again and trim some token unlocks to ease the potential affect available on the market.
7. Gaimin (GMRX)
Peak Worth: $0.03937
Peak Market Cap: $261.2 million
Gaimin is designed to energy crypto video games by way of a decentralized cloud computing platform, letting customers contribute their spare computing assets to earn rewards. And the platform’s GMRX token simply launched in late March.
Whereas the person token value is tiny, there is a sizable circulating provide, pushing the height market cap to a meaty $261 million. The worth is down by over 95% as of this writing, nonetheless, so we’ll see whether or not Gaimin can get again close to that mark any time quickly.
8. Zentry (ZENT)
Peak Worth: $0.045
Peak Market Cap: $248.7 million
Launched in late April, ZENT is the token of Zentry, a crypto gaming guild turned gaming rewards platform beforehand often called GuildFi. Together with the rebranding, the agency launched a brand new Ethereum token and supplied a conversion fee for current GF holders to transition over to ZENT.
Zentry’s new token peaked in value a month later, pushing its all-time excessive market cap to simply shy of $250 million—although like lots of gaming tokens (and crypto tokens broadly), it is down sharply since.
9. Apeiron (APRS)
Peak Worth: $1.88
Peak Market Cap: $193.6 million
Apeiron is a buzzy Ronin technique recreation that is presently holding a play-to-airdrop marketing campaign, and in addition lately launched its APRS ecosystem token within the community’s first-ever token sale.
The token’s market cap got here near $200 million on the launch date, although as with Gaimin above, the value has fallen a good bit since then. Nonetheless, it rose excessive sufficient to make this listing—and the sport nonetheless hasn’t absolutely launched but.
10. My Pet Hooligan (KARRAT)
Peak Worth: $1.27
Peak Market Cap: $132.2 million
KARRAT is a brand new Ethereum token administered by The Karrat Basis and tied to My Pet Hooligan, the battle royale-style shooter with NFTs. Dropped on April 22, KARRAT was served as much as My Pet Hooligan NFT homeowners, who’re in a position to declare an allocation of tokens.
At peak value, KARRAT rose as excessive as a virtually $117 million market cap based mostly on the preliminary circulating provide, although the token value has dipped since then as of this writing.
Editor’s be aware: This story was initially revealed on March 3, 2024 and final up to date with new data on July 9.
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