GameFi Index, a revolutionary piece of puzzle that will help track all the major play-to-earn (P2E) tokens within the blockchain gaming space, will see light on November 11, 2024, in a move that’s about to disrupt data analytics in the gamefi space. Announced today, the initiative intends to offer full digital details into the quickly developing GameFi area.
Truflation says the GameFi index goes beyond the typical price tracking to include key quantitative metrics: token holders, fully diluted value. That’s why the tool is a useful means of understanding more general industry trends and a path to growth for P2E projects.
“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.”
The index was developed in partnership with EllioTrades, which was aligned with the totality of data driven decision making surfacing in the blockchain gaming ecosystem.
GameFi Index Launch Boosts Blockchain Gaming Growth
The timing of the launch is coming at a time when blockchain gaming is receiving a big boost in investment and adoption. To date, industry estimates say the GameFi sector has garnered over $1.1 billion in investments. The market is expected to boost with 68% annual growth and reach $302 billion by 2030.
As such, Truflation’s GameFi Index has the potential to become a core reference point to measure the wellness and representativeness of top gaming tokens.
Involving gaming protocols including Avalanche, Immutable, Polygon, and Toncoin, trading data, and user activity metrics are added to the GameFi Index. There are data included of prominent games like Pixels, Apeiron, Axie Infinity, and Dypians.
Protocols are given a 50 percent weight in the index to give them relevance and accuracy. Games must meet 50,000 active unique wallets per day. The unique ratio of wallet activity to the total aggregate determines a game’s weighting.
By meshing these metrics the index presents a composite view of the GameFi ecosystem, allowing stakeholders to see trends and opportunities in the nascent ecosystem.
This launch of the GameFi Index also shows that analytics tools in blockchain are becoming more sophisticated. With GameFi maturing, tools like this may well have a key role to play in attracting further investment and in strengthening transparency.
Truflation’s GameFi Index is a unique resource with its innovative approach and exploitation of the most important metrics of the blockchain gaming space that will prove necessary for any investor, developer, and enthusiast in developing their understanding of the upheavals in the gaming world of blockchain.
