Web3 gaming and AI tokens' efficiency in 2024

This was initially a publish from GamesTX substack, with all the info being from 1st January 2025.

A number of issues occurred in blockchain gaming in 2024, however we will summarize the important thing traits within the following charts.

High gaming tokens didn't carry out nicely

Wanting on the largest gaming tokens by way of their market cap, solely 5 of the highest 14 noticed their value enhance throughout 2024. Group memecoin SUPER was the one token to see important value progress — up 114%.

A number of gaming tokens launched however most carried out badly

2024 noticed the launch of dozens of recent (small cap) gaming tokens, particularly within the first half of the 12 months. Nevertheless, one of the best performing new tokens got here from initiatives which launched within the second half of the 12 months, of which 5 noticed their value enhance by greater than 200%. This progress was primarily pushed by the change in crypto sentiment following Donald Trump’s election victory in November.

Newer tokens carried out higher over lengthy timeframes

Wanting extra typically in any respect gaming tokens, the overwhelming majority of the highest performers throughout 2024 have been launched in 2024. Mainly, the newer the token, the higher its efficiency was prone to be. Older initiatives usually are not capturing present imaginations.

TON gaming tokens didn’t carry out any higher

One in every of 2024’s large traits was the rise of Telegram and its TON blockchain as a powerful advertising and marketing channel for easy crypto video games. Nevertheless, except the unique NOT memecoin, gaming tokens on TON didn't show optimistic value dynamics.

Ronin was the #1 chain for gaming. Its tokens carried out badly

Throughout the gaming sector, the Ronin blockchain was typically thought-about to have the strongest ecosystem. Nevertheless, most of its video games’ tokens carried out badly, even Pixels, which was the most well-liked sport of 2024 by way of its day by day exercise.

Tokens associated to AI carried out spectacularly nicely

In stark comparability, the efficiency of AI-related memecoins and tokens launched by AI brokers by means of platforms reminiscent of Virtuals noticed explosive value progress throughout December.

Many noticed their costs rising greater than 10-fold, with VIRTUALS being the highest performer, with its value up 34,130% — 342-fold — throughout 2024.

Clearly, the try and combine this meta into gaming would be the one that may dominate the opening months of 2025; one thing we’re already seeing from the likes of In the present day, Planet Mojo, Goat Gaming, Faraway Video games and Parallel.

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