Truflation launches GameFi Index to track hottest gaming tokens

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

In its announcement on November 11, Truflation stated that the GameFi Index goes beyond tracking the price of individual win-win tokens. Users can leverage the index to gain insight into industry growth and key metrics for win-win projects, including token holders and fully diluted valuation.

“On-chain gaming is evolving faster than ever with over 2.1 million daily active wallets. GameFi Index provides users with accurate, up-to-date data on the gaming industry,” said Stefan Rust, CEO of Truflation. “It provides a tool for anyone looking to diversify their investments in the GameFi space.”

Truflation developed this index in collaboration with EllioTrades.

The launch of this index comes at a time when the blockchain gaming space is experiencing a resurgence in investment and market performance.

Overall, forecasts predict that the GameFi market has attracted more than $1.1 billion in investment, and on its growth trajectory, the P2E industry will grow 68% annually, reaching $302 billion by 2030. The market could see big returns.

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

Games currently included in the index include Pixels, Apeiron, Axie Infinity and Dypians.

Although protocols have a 50% weighting in the index, the 28 games included must have at least 50,000 unique active wallets per day. The weight of each game is determined by unique active wallets compared to the overall total.