BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

GameFi Tokens Surge with Immutable and Illuvium Leading the Charge

BlockNews.com Team by BlockNews.com Team
November 14, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 3 mins read
#image_title

#image_title

1
SHARES
21
VIEWS
Share on XShare in TelegramShare on Reddit
  • GameFi tokens like IMX, ILV, and SAND have seen sharp gains recently, with some up over 100% in the past month.
  • The GameFi sector’s market cap has grown 23% to $15B since late October, showing a strong recovery.
  • While adoption of blockchain gaming is increasing, most games are not yet fully decentralized, with only 5% fully on-chain.

The GameFi sector is bouncing back, with several top tokens up more than 100% in four weeks. GameFi tokens were among the digital assets hardest hit by the recent bear market, but they are now gaining momentum again.

🚨 NEWS: GameFi tokens continue to rally despite market-wide cooldown.

– Immutable $IMX: +46%

– Sandbox $SAND: +14%

– Illuvuim $ILV: +40%

– Ronin $RON: +31%

– Vulcan Forged $PYR: +11%

– Star Atlas $POLIS: +29%

– DeRace $DERC: +30%

What are your favorite GameFi tokens?👀 pic.twitter.com/zrPHYjS60E

— BlockNews.com (@blocknewsdotcom) November 14, 2023

GameFi Market Overview

Data from CoinGecko shows that half of the ten largest GameFi projects gained more than 10% in the past week. Immutable (IMX) rallied 35%, Illuvium (ILV) gained 27%, and The Sandbox (SAND) jumped 12% over the past seven days.

ILV and IMX also spiked more than 100% in the past four weeks, while The Sandbox is up 52%. Axie Infinity tokens also enjoyed impressive gains, with AXS rallying 43% and SLP surging 70% since mid-October.

Archived data shows that the GameFi sector’s market cap grew 23% to $15B since Oct 30. Despite the recent turnaround, four of the five largest web3 gaming projects are still trading at a more than 95% discount compared to their all-time highs.

GameFi Fundraising and Adoption

On Nov 13, Game7 published a report that found GameFi projects represented an outsized share of web3 fundraising this year, taking in $15B during the first half of 2023.

The report noted the sector’s increasing migration over to Ethereum scaling solutions like Polygon, Immutable, and Arbitrum. However, 75% of newly released titles launched on Layer 1.

Despite the growing number of web3 gaming titles, the report noted that just 5% of projects are fully hosted on-chain. Instead, 85% of games support on-chain assets like NFTs and fungible tokens.

Most blockchain games are free-to-play (69% share), while 26% are token-gated, meaning users must hold a specific NFT to play.

Conclusion

In summary, GameFi tokens and projects are seeing a sharp recovery after being decimated in the recent crypto bear market. Adoption of blockchain gaming continues to increase, even if most projects are not yet fully decentralized. The future looks bright for the nascent web3 gaming sector.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBusinesscryptoCrypto ExchangeGameFi
TweetShareShare
BlockNews.com Team

BlockNews.com Team

The go-to news source for Cryptocurrency, Blockchain, Technology, & Finance

DON'T MISS THESE! HOT OFF THE PRESS

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum
CRYPTO

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

September 2, 2025
Bitcoin Holds $110K as Bulls Eye $131K Breakout
BITCOIN

Bitcoin Holds $110K as Bulls Eye $131K Breakout

September 2, 2025
Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important
CRYPTO

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 
CRYPTO

What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

September 2, 2025
Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump
CRYPTO

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase
BITCOIN

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
Load More

Related News

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

September 2, 2025
Bitcoin Holds $110K as Bulls Eye $131K Breakout

Bitcoin Holds $110K as Bulls Eye $131K Breakout

September 2, 2025
Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

September 2, 2025
Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

September 2, 2025
Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews