2023-08-09
Play-to-earn tokens such as Axie
Infinity (AXS), Enjin (ENJ), Gala Games (GALA), and the Sandbox (SAND) had the
highest trading volume during the bull market in November 2021. They came up
with the concept of play-to-earn and metaverse and the market was exciting
about these 2 concepts.
However, play-to-earn tokens’ trading
volume declined 98% in June and July 2023 compared to November 2021. These
tokens including AXS, ENJ, GALA, and Sand.
List of play-to-earn tokens.
The Sandbox (SAND)
Market cap: $863 million (47th
largest crypto by market cap).
Fully diluted market cap: $1.218
billion.
Highest price: $7.4626
Current price: $0.4064
Axie Infinity (AXS)
Market cap: $830 million (48th
largest crypto by market cap).
Fully diluted market cap: $1.596
billion.
Highest price: $159.
Current price: $5.9
Decentraland (MANA)
Market cap: $702 million (56th
largest crypto by market cap).
Fully diluted market cap: $814 million.
Highest price: $4.886
Current price: $0.3714
Gala (GALA)
Market cap: $531 million (70th
largest crypto by market cap).
Fully diluted market cap: $1.174 billion.
Highest price: $0.7111
Current price: $0.0235
As of August 9, 2023.
In conclusion, as of now play-to-earn are
not as successful as DeFi (lending and borrowing protocols and decentralized
exchanges) and NFTs. But 4 play-to-earn tokens still rank top 100 largest
crypto by market cap. This indicates that the cryptocurrency market still has
some radar on play-to-earn category.
