Huge tokens have been dropping left and right so far in 2024, and gaming projects are getting in on the excitement. Tokens tied to games and networks have been among this year’s biggest launches as the broader crypto market rebounds and From We’re using a peak market cap of at least $100 million as our minimum benchmark for this list, as of this update, though we may shift that mark over the course of the year as more and more tokens launch.Peak Price: $1.02Peak Market Cap: $731 millionCrypto’s hottest game right now is also responsible for the hottest gaming token of 2024—at least so far. The PIXEL token launched in late February for the chill farming game on Ethereum scaler Ronin, and helped introduce even more crypto-native elements into the web game. It also generated With hundreds of thousands of daily users, Peak Price: $7.60Peak Market Cap: $684 millionWhile not exclusively a gaming chain, the layer-1 Saga network has centered most of its initial push around games, including running play-to-airdrop campaigns and revealing plans for an in-house game publishing arm called Saga Origins. According to Saga, about 80% of testnet projects were focused on gaming.And the SAGA token has made a big splash, first with a record-breaking Binance Launchpool campaign that saw customers stake over $13.4 billion worth of funds to earn SAGA rewards, and then with a peak price that pushed the token to the number-two slot on our list as of this point in the year. And there are more airdrop rewards to come.Peak Price: $3.36Peak Market Cap: $561.6 millionJust launched on February 29, Portal Can this Peak Price: $1.59Peak Market Cap: $440.6 millionThe Xai layer-3 gaming network on Ethereum scaler Games are Peak Price: $10.59Peak Market Cap: $317.7 millionHeroes of Mavia is one of this year’s biggest new crypto game launches. The Clash of Clans clone has attracted millions of downloads across iOS and Android, and Skrice Studios celebrated the release by MAVIA saw a big price surge after launching in February, rising above $10—a more than 5x improvement on the opening price. But it was short-lived, Peak Price: $0.03937Peak Market Cap: $261.2 millionGaimin is designed to power crypto games via a decentralized cloud computing platform, letting users contribute their spare computing resources to earn rewards. And the platform’s GMRX token just launched in late March.While the individual token price is tiny and hasn’t yet hit $0.04 as of this writing, there’s a sizable circulating supply, pushing the peak market cap to a meaty $261 million. The price is down by almost 50% as of this writing, however, so we’ll see whether Gaimin can get back near that mark any time soon.Peak Price: $1.88Peak Market Cap: $193.6 millionApeiron is a buzzy Ronin strategy game that’s currently holding a play-to-airdrop campaign, and also recently launched its APRS ecosystem token in the network’s first-ever token sale.The token’s market cap came close to $200 million on the launch date, though as with Gaimin above, the price has fallen a fair bit since then. Still, it rose high enough to make this list—and the game still hasn’t fully launched yet.Peak Price: $1.08Peak Market Cap: $116.9 millionKARRAT is a new Ethereum token administered by The Karrat Foundation and tied to My Pet Hooligan, the battle royale-style shooter with NFTs. Dropped on April 22, KARRAT was served up to My Pet Hooligan NFT owners, who are able to claim an allocation of tokens.At peak price, KARRAT rose as high as a nearly $117 million market cap based on the initial circulating supply, though the token price has dipped since then as of this writing.Editor’s note: This story was originally published on March 3, 2024 and last updated with new info on April 23.
