Polygon Surpasses Ethereum in Activity Led by GameFi Projects

Polygon Surpasses Ethereum in Activity Led by GameFi Projects. Image: Supplied

GameFi projects Llad Polygon to surpass Ethereum: Best gaming crypto coins riding the GameFi momentum

Polygon’s gaming ecosystem is booming, driving its activity past Ethereum’s. Discover emerging GameFi tokens like $DICE, $PLAY and $TUK with high potential returns.

Polygon Surpasses Ethereum in Activity Led by GameFi Projects

Polygon Surpasses Ethereum in Activity Led by GameFi Projects. Image: Supplied

Polygon’s recent surge in activity, surpassing Ethereum in gas usage and monthly active users, is attributed to the rising popularity of GameFi projects on the network.

Polygon has outperformed Ethereum in terms of gas usage and overall activity, positioning itself as a major player in the crypto ecosystem. This surge is attributed to the rising popularity of gaming projects on the Polygon network, drawing in both retail and institutional investors. 

Emerging GameFi tokens like Mega Dice ($DICE), PlayDoge ($PLAY) and eTukTuk ($TUK) are capturing significant attention and investment, showcasing the sector’s immense growth potential.

Polygon Surpasses Ethereum in Activity

Polygon [MATIC], a Layer-2 scaling solution for Ethereum, has witnessed a massive uptick in activity over the last few months, surpassing Ethereum in terms of gas usage and monthly active users. Despite the price of MATIC experiencing volatility, with a notable decline observed around June 6th, the network’s activity metrics paint a bullish picture. The On Balance Volume (OBV) for MATIC declined, suggesting selling pressure, but a positive Chaikin Money Flow (CMF) indicated that larger investors were still accumulating the token.

Data from Token Terminal and Santiment revealed that both whale and retail interest in MATIC remained strong. Addresses holding between 0 and 100 MATIC coins increased their rate of accumulation, viewing the price dip as a buying opportunity. In the DeFi sector, Polygon has become a preferred choice for developers, thanks to its Proof-of-Stake (PoS), zero-knowledge Ethereum Virtual Machine (zkEVM), and Coconut Development Kit (CDK).

Polygon’s gaming ecosystem has seen remarkable growth, with a 1,615% increase in gaming-related addresses and a 469% rise in daily gaming transactions. This surge is driven by successful GameFi projects and strategic collaborations, such as the $100 million Inevitable Games Fund and partnerships with industry giants like Square Enix and Animoca Brands.

Mega Dice ($DICE): A Leading Contender in GameFi

As Polygon continues to thrive, new entrants like Mega Dice ($DICE) are making waves in the GameFi sector. Launched in 2023, Mega Dice is the world’s first licensed GameFi platform accessible through Telegram. The $DICE token Initial Coin Offering (ICO) has raised over $1.3 million, reflecting robust investor interest.

PURCHASE $DICE TO ACCESS LIMITED EDITION NFTS

Mega Dice offers a comprehensive gaming experience, with $DICE tokens enhancing player rewards and providing exclusive access to tournaments. The platform also features a buyback and burn program to maintain token scarcity, potentially boosting its value. Other key features include staking rewards, airdrop promotions, exclusive NFTs, and a referral program, attracting over 50,000 players and raising over $20 million in its presale.

PlayDoge ($PLAY): Combining Nostalgia with Modern P2E Gaming

PlayDoge is another GameFi project gaining traction. Inspired by the nostalgic Tamagotchi, PlayDoge allows users to nurture a virtual pet through a mobile app, earning $PLAY tokens through interaction. The project has raised $3.7 million in its presale, indicating strong market interest.

PlayDoge integrates high-definition pixel graphics with blockchain technology, providing a modern twist on the classic virtual pet experience. The game’s staking protocol offers an annual yield of 112%, attracting both nostalgic gamers and modern crypto investors. 

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Analysts, including Jacob Bury, ClayBro, Matthew Perry and Crypto Mischief, have highlighted PlayDoge’s potential, predicting substantial returns as the project grows.

eTukTuk ($TUK): Innovating with Sustainable Gaming

eTukTuk is approaching a $3.5 million presale milestone with its Play-to-Earn (P2E) game, Crazy TukTuk Taxi. Set in Sri Lanka, the game allows players to navigate virtual tuk-tuks, earning $TUK tokens by picking up and dropping off passengers. The presale price for $TUK is $0.0333, with expectations of an increase in the next stage.

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Operating on the Binance Smart Chain (BSC), eTukTuk aims for a potential listing on major exchanges like Binance. The project also emphasizes sustainability, using AI to optimize transport efficiency and reduce environmental impact. The $TUK token is central to the ecosystem, offering staking rewards with an estimated 82% APY.

Strategic Importance of Securing GameFi Tokens Before CEX Listings

Investing in GameFi tokens before their Centralized Exchange (CEX) listings can be a strategic move, offering significant potential returns. Early adopters benefit from lower entry prices and the potential for substantial gains as these tokens gain liquidity and visibility on major exchanges.

Polygon’s success in the GameFi sector highlights the growing importance of gaming in the crypto ecosystem. With its robust infrastructure and active user base, Polygon provides a fertile ground for GameFi projects. This environment is advantageous for tokens like $DICE, $PLAY, and $TUK, which are leveraging the momentum to attract investment and user engagement.

For investors seeking high-potential opportunities, GameFi tokens on the Polygon network and beyond offer compelling cases. Projects like Mega Dice, PlayDoge and eTukTuk combine innovative gaming experiences with financial incentives, making them attractive investments.