Truflation launches GameFi Index to track hottest gaming tokens

Truflation has announced the launch of GameFi Index, a new tool designed to track the performance of top blockchain-based gaming tokens.

In its Nov. 11 announcement, Truflation stated that the GameFi Index goes beyond tracking the price of individual play-to-earn tokens. Users can leverage the index to gain insights into industry growth and key metrics for play-to-earn projects, including token holders and fully 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.”

Truflation developed this index in collaboration with EllioTrades.

The launch of this index comes as the blockchain gaming space experiences a resurgence in investment and market performance.

Overall, estimates suggest the GameFi market has attracted more than $1.1 billion in investments, while the growth trajectory could see the P2E sector grow 68% annually to reach $302 billion by 2030. With these numbers in place, its likely top tokens in the crypto gaming market could see huge returns.

Truflations GameFi Index offers a benchmark index that combines trading and user metrics. The data cuts across top gaming protocols and games, including Avalanche (AVAX), Immutable (IMX), Polygon (POL) and Toncoin (TON).

Currently, the games included in the index feature Pixels, Apeiron, Axie Infinity, and Dypians.

While protocols hold a 50% weighting in the index, the 28 games included must have a minimum of 50,000 unique active wallets per day. Each games weighting is determined by its unique active wallets in comparison to the aggregate total.