Nikolas Sargeant
Truflation, a leader in real-world asset indices and real-time financial data, announced on Monday, November 11th, that it has launched its GameFi Index. In a statement shared with Cryptowisser, Truflation revealed that this tool is designed to track the return performance of leading blockchain-based gaming platforms, widely called Play-to-Earn (P2E) protocols.
The GameFi sector has drawn over $1.1 billion in investments as of Q2 2024 (Kraken), and industry growth is expected to reach $302 billion by 2030 with an annual growth rate of 68%.
Truflation launched the GameFi Index in partnership with prominent blockchain gaming advocate EllioTrades. The index is a comprehensive measure of the performance of the GameFi industry beyond token price alone. It provides deeper insight into industry growth, powered by both trading and user indices that measure engagement, market cap, and trading volume, alongside metrics such as fully diluted valuation and token holder numbers.
What the Index Tracks
According to Truflation, its GameFi Index combines trading and user metrics across major protocols and games, creating a benchmark to enable it to capture the potential and resilience of the GameFi ecosystem.
The index’s highlights include:
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Top Protocols: A select group of platforms, including Immutable (IMX), Superverse (SUPER), Beam (BEAM), Ronin (RON), Avalanche (AVAX), Polygon (POL), and Toncoin (TON). Protocols are analyzed using a 50% weighting within the index, employing metrics like daily trading volume and market capitalization to ensure diversified representation.
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Top Games: The index currently includes 28 games that meet minimum unique active wallets of 50,000 per day. Some notable games in the index include World of Dypians, Pixels, KGeN, Apeiron, Alien Worlds, and Axie Infinity. Games are weighted based on unique active wallets against the aggregate sum.
While commenting on this launch, Stefan Rust, CEO of Truflation, said,
"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. It provides a tool for anyone looking to diversify investments in the GameFi space."
Truflation is at the forefront of the data revolution, offering real-time, decentralized financial data across multiple sectors. With a commitment to transparency and accuracy, Truflation's platform tracks over 20 million items with over 80+ data providers. Truflation democratizes access to critical financial information by bringing data on-chain, empowering users to make better, more informed decisions in real-time.
