Notcoin, Pixels, Saga, Portal, Xai, and Catizen are the biggest game tokens launched this year, with Notcoin and Pixels having the highest market value.
By: Andrew Hayward, Decrypt
Translated by: Koala, Mars Finance
Since 2024, various large tokens have been fluctuating, and gaming projects have joined in. With the broader rebound of the cryptocurrency market and the acceleration of airdrops, tokens related to games and networks have become one of the largest issuances this year.
From Portal to Pixels, these are the game tokens that have caused a sensation so far this year, ranked by their highest market value as of the time of writing. But there will definitely be more large tokens in the future, so please stay tuned - we will continue to update this list.
There have been so many famous game tokens making their debut this year, and we have limited the list to the top 10 based on the highest market value. So without further ado, here are the biggest game tokens launched so far in 2024.
1. Notcoin (NOT)
Peak price: $0.02896
Peak market value: $2.97 billion
There is a new reigning champion, and no one can match it. Notcoin launched its NOT token on The Open Network (TON) in May, quickly soaring to a market value of nearly $1.5 billion by offering a subscription right to airdrop to around 35 million players.
Of course, like many newly issued tokens, the early price fluctuated greatly and soon fell… but then surged to a new high in June, reaching a peak market value of nearly $3 billion. No other new game token in 2024 can compare to it. With the emergence of a large number of new games based on Telegram and covering a wider audience, everyone's attention will be focused on future token issuances.
2. Pixels (PIXEL)
Peak price: $1.02
Peak market value: $7.31 billion
Pixels, the most popular game on Ethereum, is also one of the largest tokens this year. The PIXEL token was launched in late February for a casual farming game on the Ethereum scaling solution Ronin, helping to introduce more native cryptocurrency elements into online games. It also generated over $1 billion in transactions in less than a day.
Pixels has attracted hundreds of thousands of daily users, drawing attention from the cryptocurrency world and bringing tremendous momentum to Ronin. In mid-March, the price of PIXEL surpassed $1, taking the top spot until it was overtaken by Notcoin. Since then, more tokens have been unlocked, but as of the time of writing, the price of PIXEL has also dropped significantly.
3. Saga (SAGA)
Peak price: $7.60
Peak market value: $6.84 billion
Although not specifically a gaming chain, most of the initial promotion of the first-layer Saga network revolves around games, including conducting game airdrop activities and announcing the plans for the internal game release department Saga Origins. According to Saga, about 80% of the testnet projects are focused on games.
The SAGA token caused a huge sensation, first with a record-breaking Binance new coin pool activity, where customers staked over $13.4 billion to receive SAGA rewards, and then the price reached its peak, ranking second on our list so far this year. There will be more airdrop rewards in the future.
4. Portal (PORTAL)
Peak price: $3.36
Peak market value: $5.616 billion
Portal, which was just launched on February 29, has generated a level of hype that we have not seen in the crypto gaming space for some time. Part of the reason is the farming airdrop that drove users to tweet on Twitter, and the record-breaking Binance activity that saw users stake over $9 billion in cryptocurrency, hoping for a return, which did not cause harm.
However, the price fell quite quickly, and as of the latest update, it has not come close to recovering. Can the Ethereum-based token of the upcoming cross-chain gaming platform regain the hype?
5. Xai (XAI)
Peak price: $1.59
Peak market value: $4.406 billion
Xai, the third-layer gaming network on the Ethereum scaling solution Arbitrum, conducted its first large-scale airdrop this year, rewarding all network guardian node owners and operators, as well as certain NFT holders. So far, XAI has had a good start, with the peak price more than doubling the decline.
As games are launched on the network, this should bring more attention and excitement to the token, and Xai has also recently launched staking rewards.
6. Catizen (CATI)
Peak price: $111
Peak market value: $3.386 billion
Once again, an important Telegram game has injected new blood into this list. Although Catizen's token has not reached the heights of Telegram pioneer Notcoin, this release does show that such games will have huge appeal once the tokens hit the market - even though players were very frustrated with the distribution of the token in September.
Catizen is one of the hottest games in the second wave of Telegram games after Notcoin, but we will wait and see if its price will maintain at this level - or rise further, just like Notcoin did a few days after its launch. Of course, there are other large Telegram games, such as Hamster Kombat and X Empire, which will soon compete for a place on this list.
7. Heroes of Mavia (MAVIA)
Peak price: $10.59
Peak market value: $3.177 billion
"Heroes of Mavia" is one of the largest new crypto games this year. The "Clash of Clans" clone has attracted millions of downloads on iOS and Android, and Skrice Studios celebrated the game's release by airdropping tokens to 100,000 early players and to virtual landowners who previously staked NFTs.
After its release in February, MAVIA's price surged, surpassing $10, more than five times the opening price. However, this was short-lived, and its value has since shrunk by over 80%. The game team chose to postpone and reduce some token unlocks to mitigate potential impact on the market.
8. Gaimin (GMRX)
Peak price: $0.03937
Peak market value: $2.612 billion
Gaimin aims to support crypto games through a decentralized cloud computing platform, allowing users to contribute idle computing resources to earn rewards. The platform's GMRX token was just launched at the end of March.
Although the price of a single token is very small, the circulating supply is quite substantial, pushing the peak market value to $2.61 billion. However, as of the time of writing, the price has dropped by over 95%, so we will wait and see if Gaimin can quickly return to this level.
9. Zentry (ZENT)
Peak price: $0.045
Peak market value: $2.487 billion
ZENT was launched in late April and is the token of Zentry, a crypto gaming guild that has now transitioned into a game rewards platform, formerly known as GuildFi. With the rebranding, the company introduced a new Ethereum token and offered a conversion rate for existing GF holders to transition to ZENT.
The new token price of Zentry reached its peak a month later, pushing its peak market value to just under $2.5 billion - although, like many game tokens (and widespread crypto tokens), it has since sharply declined.
10. Apeiron (APRS)
Peak price: $1.88
Peak market value: $1.936 billion
Apeiron is a popular rogue strategy game that is currently holding a game airdrop event and recently launched its APRS ecosystem token in its first token sale on the network.
On the day of its release, the token's market value approached $2 billion, and although its price has dropped since its release, like Gaimin mentioned above, its increase was enough to place it on this list - and the game has not yet been fully released.
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