From Axie to Enjin Coin to Gala, there are thousands of Gaming tokens, which can make it overwhelming when a user gets started in the Gaming Industry. Many tokens have been on rollercoaster rides over the course of time.
While we also see some new projects like GameInfinity, the Gaming Metaverse has begun new projects involving the revolutionary approach.
To help you get started, we have covered the top 5 gaming tokens based on their market capitalization:
Axie Infinity (AXS)
Market Cap - $7.38 Billion
Axie Infinity is one of the most popular blockchain gaming startups created by Sky Mavis back in 2018 in Vietnam. The game leverages Ethereum-based cryptocurrency AXS and SLP.
AXS and SLP be traded on Ethereum exchange for bitcoin using Smart Contracts. Smooth Love Portion (SLP) and AXIS Infinity Shard (AXS) are the two tokens used for this project.
As per the CoinMarket Cap reports, the current ranking is #27 with a market cap of $7,328,223,989 USD at the time of writing. It has a circulating supply of 60,907,500 AXS coins and a max. supply of 270,000,000 AXS coins.
Sky Mavis, the developer of Axie Infinity has raised $152 million at a nearly $3 billion valuation to help grow its Axie- infinity “play-to-earn” game.
The blockchain-based game has also seen its native crypto token rally by 2100%, since the beginning of July.
Decentraland (MANA)
Market Cap - $1,442,110,163
Decentraland is one of the most immersive blockchain games on the market. The game utilizes the Ethereum blockchain which focuses on purchasing and customizing 3D space represented by a non-fungible asset called LAND.
MANA is Decentraland’s cryptocurrency token. An ERC 20 token that can be used to purchase plots of LAND as well as pay for in-world goods and services.
MANA created it's all-time high of $4.95 on October 30, 2021.
As per the CoinMarket Cap ranking, MANA is ranked in #75, with a live market cap of $1,442,110,163 USD. It has a circulating supply of 1,816,965,691 MANA coins and the max. supply is not available.
Decentraland was co-founded by Ariel Meilich and Esteban Ordano — both of whom have stepped down from major positions at the project but still work alongside Decentraland as advisors.
Enjin Coin (ENJ)
Market Cap - $1,364,463,311
Enjin Coin is an Ethereum - ERC 20 based token that is a decentralized platform. The Enjin platform is one of the most interesting projects in NFT. There are already many projects on the Enjin platform. The most focused ones are gaming and enterprise.
The gaming cryptocurrency has allowed content creators and gamers a new way of being virtual owners. Gamers can trade their assets and grow their digital wallet with real values as they continue to play. ENJ has jumped over 3,000% in the past year.
As per the CoinMarket Cap, it’s ranking as #80, with a live market cap of $1,364,463,311 USD at the time of writing. It has a circulating supply of 834,340,660 ENJ coins and a max. supply of 1,000,000,000 ENJ coins.
The Sandbox (SAND)
Market Cap - $4915,276,185
The Sandbox has been in the industry since 2015. It is called the Sandbox because it is the ultimate sandbox game, giving players the ability to create anything they want with the availability of numerous resources.
Additionally, with Blockchain, players will be able to share and monetize their creations via non-fungible tokens making them even more attractive.
As per the CoinMarketCap, it is ranking as #116, with a live market cap of $679,761,888 USD at the of writing. It has a circulating supply of 892,246,119 SAND coins and a max. supply of 3,000,000,000 SAND coins.
The Sandbox was launched in 2011 by Piwol, which is a blockchain-based virtual world allowing its users to create, build, buy and sell digital assets in the form of a game.
WAX (WAXP)
Market Cap - $495,276,185
WAX was co-founded by William Quigley and Jonathan Yantis and is purpose build on blockchain in 2017. It is designed to make e-commerce transactions faster, simpler, and secure for every involving party.
As per the CoinMarketCap, WAX is ranked as #134, with a live market cap of $495,276,185 USD at the time of writing. It has a circulating supply of 1,773,286,648 WAXP coins and the max. supply is not available.