Gaming token sentiment through the lens of TGEs in 2025 (end of August update): • Total launches 70+ (tracking 62) • Average 24h volume: $15.2M* • Average decrease mcap of 69% comp. to ATH • Average mcap: ~$12.6M** • Majority of tokens continue to trend down • 27+ tokens with a mcap of $2.9M or below*** • Largest token by mcap: NXPC ($145.6M) • Largest token by FDV: NXPC ($734.3M) • All gaming tokens MC: $19.4B (23.93B on 01-01-2025) * $3.1M when excluding the top 3 ** $7.2M when excluding the top 3 *** List excludes many of the microcaps, so the number is in the 35+ range Below is an overview of the 7 largest token launches this year by mcap (excl. BIG). ETH was trading at $3,758 since my last analysis of July 21st. Now, ETH is at $4,582, but we lost $3.2B in market cap (according to the CMC category). More data below:
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