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In-game economies

Gaming & metaverse

A game token is a currency inside an economy the developer designs. That makes it the one crypto category where the issuer can, and must, actively manage supply — through what the game hands out and what it takes back.

The failure mode is well documented by now: rewards that scale with players, sinks that do not, and a currency that inflates until the reward is worth less than the time it costs. Play-to-earn projects that collapsed nearly all collapsed this way.

The projects that persisted tend to share a trait: the game is worth playing without the token. That is a low bar, and it removed most of the category.

13 coins

Coins in Gaming & metaverse, by market capitalisation
#CoinPrice24h7dMarket cap24h volume
66RenderRENDER$1.80▼ −1.6%▼ −15.4%$933.7M$32.1M
76StacksSTX$0.3785▲ +2.6%▼ −2.3%$686.8M$29.9M
109ImmutableIMX$0.1515▼ −2.2%▼ −19.3%$303M$8.84M
129FLOKIFLOKI$0.0000235▼ −0.2%▼ −13.8%$223.8M$24.1M
146Axie InfinityAXS$0.998▼ −1.9%▼ −19.4%$175.3M$17.9M
147The SandboxSAND$0.0591▼ −3.4%▼ −6.6%$173.7M$96M
148DecentralandMANA$0.0836▼ −1.5%▼ −13.9%$166M$11M
156BeamBEAM$0.00289125▲ +0.0%▲ +8.5%$148.3M$7.98M
159ApeCoinAPE$0.1453▲ +2.2%▼ −8.1%$145.3M$15.3M
160ChilizCHZ$0.0137▼ −0.7%▼ −13.0%$144.8M$16.9M
190GalaGALA$0.00188651▼ −2.6%▼ −20.9%$95.7M$44.5M
399RoninRON$0.0584▼ −2.1%▼ −18.3%$45.1M$734.2K
—IlluviumILV—————

Market data as of 41 min. ago