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Home / Articles

Best P2E Games By Market Cap [2024]

Jul 24, 2024
Written by
Mariya Chernenko
Mariya Chernenko
Best P2E Games By Market Cap [2024]

In the ever-evolving landscape of gaming, Play-to-Earn (P2E) games have emerged as a revolutionary force, blending the thrill of gameplay with the potential for financial rewards. As we step into 2024, the P2E market continues to expand, attracting both gamers and investors with its unique promise of earning cryptocurrency or other digital assets through in-game activities.

How we calculate Our high-load parsers scrape the web and our marketing analysts process the data to provide up-to-date information for business.
Name Website Blockchain Platforms Genre Market Cap
Gala Games Gala Games https://games.gala.com/ Ethereum PC, iOS, Web - $881,258,551
Axie Infinity Axie Infinity https://axieinfinity.com/ Ethereum, Ronin iOS, Android, Windows Breeding, Card Game, Metaverse $798,567,932
The Sandbox The Sandbox https://www.sandbox.game/en/ Ethereum Windows Metaverse $687,004,981
Decentraland Decentraland https://decentraland.org/ Ethereum Web Metaverse $576,711,184
Wreck League Wreck League https://wreckleague.xyz/ Ethereum iOS, Android Action, Fighting $529,492,803
Illuvium Illuvium https://illuvium.io/ Ethereum, Immutable-X iOS, Windows RPG, Auto Battler, Metaverse, Play To Airdrop $405,519,618
Parallel Parallel https://parallel.life/ Ethereum, Base Web Card Game $340,137,776
STEPN STEPN https://www.stepn.com/ Solana Web, Android Collectible, Move To Earn $328,074,905
Enjin Coin Enjin Coin https://enjin.io/ Ethereum Web Metaverse $283,459,286
Enter the Mythos Enter the Mythos https://mythos.foundation/ Ethereum Web - $219,368,732

This article delves into the top P2E games by market cap, providing an in-depth look at the leaders of this dynamic sector. From blockchain-based adventures to immersive virtual worlds, discover which games are setting the standard and why they are commanding the highest valuations in the industry. Whether you’re a seasoned gamer, an aspiring developer, or an investor looking to capitalize on the latest trends, our comprehensive guide will offer valuable insights into the best P2E games dominating the market this year.

Top 10 P2E Games

Best P2E Games By Market Cap [2024]

1. Gala Games

Gala Games

Release Date: July 21, 2019

Blockchain: Ethereum (with plans to migrate to their own blockchain, GalaChain)

Gala Games is a blockchain gaming platform that aims to give players more control over their gaming experience. Unlike traditional gaming platforms, Gala Games allows players to truly own their in-game items and assets through the use of non-fungible tokens (NFTs) and blockchain technology. The platform offers a variety of games, including the popular town-building game Town Star, the fantasy RPG Mirandus, and the sci-fi strategy game Echoes of Empire. Gala Games has formed partnerships with influential figures and companies in the blockchain and gaming industries, further solidifying its position in the market and expanding its reach. As the P2E market continues to grow, Gala Games is well-positioned to capitalize on this trend. Its innovative approach, strong community, and diverse game portfolio make it a key player to watch in 2024 and beyond. Marketers should pay attention to Gala Games due to its potential for significant user acquisition and retention, as well as its ability to generate buzz and drive engagement through unique, blockchain-based gaming experiences.

2. Axie Infinity

Axie Infinity

Blockchain: Ethereum (with a sidechain called Ronin to reduce transaction costs)

Release Date: March 2018

Axie Infinity is a blockchain-based game developed by Sky Mavis, where players collect, breed, raise, and battle fantasy creatures called Axies. Each Axie is a unique NFT, which can be bought, sold, and traded. Players can earn Smooth Love Potion (SLP) tokens through gameplay, which can be used within the game or traded on various exchanges. The game also features a play-to-earn model, allowing players to earn a living by participating in the game’s ecosystem.

To address the scalability issues of Ethereum, Axie Infinity uses the Ronin sidechain, which significantly reduces transaction fees and improves the user experience. This innovation helps maintain the game’s accessibility and attractiveness to new players. Axie Infinity has not only impacted the gaming industry but also demonstrated the potential for blockchain games to create real-world economic benefits. The game’s success has attracted significant attention from investors, developers, and marketers.Sky Mavis is committed to continuously improving and expanding Axie Infinity, with plans for new features, updates, and even a virtual world called Axie Infinity: Land. These developments keep the game fresh and engaging, ensuring sustained interest and growth.

3. The Sandbox

The Sandbox

Blockchain: Ethereum

Release Date: December 2020 (Alpha version)

The Sandbox is a decentralized virtual world where players can create, own, and monetize their gaming experiences using NFTs and the platform’s native cryptocurrency, SAND. Players can buy virtual land, build and customize their environments, and develop games and assets that can be traded on the marketplace. The Sandbox combines the power of blockchain technology with a user-friendly game creation platform, enabling a wide range of creative and economic opportunities for its users.

The Sandbox has formed partnerships with various well-known brands and celebrities, integrating them into the virtual world. These collaborations enhance the platform’s visibility and attract a broader audience. Players and creators can monetize their content through the sale of NFTs and the SAND token, creating a robust in-game economy. This play-to-earn model appeals to a wide range of users, from casual gamers to professional developers.The Sandbox exemplifies the potential of the metaverse and blockchain technology to revolutionize digital experiences. Its focus on user-generated content, virtual real estate, and monetization opportunities makes it a compelling platform for brands looking to engage with a tech-savvy, creative audience in innovative ways.

4. Decentraland

Decentraland

Blockchain: Ethereum

Release Date: February 20, 2020

Decentraland is a decentralized virtual world where users can purchase, develop, and trade virtual land and assets. Utilizing blockchain technology, each parcel of land is represented as a non-fungible token (NFT), providing true ownership to the users. The platform supports a wide range of activities, from gaming and social interaction to business and education, all taking place in a 3D virtual environment. Decentraland is powered by its native cryptocurrency, MANA, which is used for transactions within the platform.

The platform is governed by a decentralized autonomous organization (DAO), where landowners and MANA holders can vote on key decisions. This model of community-driven governance ensures that the platform evolves according to the users’ interests, fostering a loyal and engaged community. Decentraland has attracted partnerships with major brands and celebrities, enhancing its credibility and reach. These collaborations often result in unique virtual events and branded spaces, offering innovative marketing opportunities. As one of the pioneers in the metaverse space, Decentraland provides valuable insights into the future of digital interaction and commerce. Its success and continued growth highlight the importance of virtual worlds in the broader digital landscape. Decentraland exemplifies the potential of virtual worlds to transform traditional marketing strategies. Its robust virtual real estate market, decentralized governance, and diverse user experiences make it a prime platform for innovative brand engagement and digital presence in the evolving metaverse.

5. Wreck League

Wreck League

Blockchain: Ethereum (with APE as the governance token)

Release Date: September 2023

Wreck League is a AAA real-time PVP fighting game developed by nWay in partnership with Animoca Brands and Yuga Labs. It features crossplay functionality for mobile and PC, allowing players to create, customize, and battle Mech fighters. The game includes characters from various Web3 projects, emphasizing real-time PVP combat and digital ownership of unique Mech parts through NFTs.

Players can create unique Mech fighters by combining various parts, fostering deep player engagement and personalization. They also can play across mobile and PC platforms, which increases accessibility and player base. The game utilizes NFTs for digital ownership, attracting both gamers and collectors, and creating a vibrant in-game economy. Backed by Animoca Brands and featuring characters from Yuga Labs, the game benefits from significant industry expertise and high-profile collaborations. Positioned for competitive gaming and esports, it appeals to a dedicated audience and offers potential for sponsorships and events.

Wreck League represents a convergence of gaming, blockchain technology, and digital collectibles. Its focus on customizable Mech fighters, competitive gameplay, and NFT integration offers unique opportunities for brand engagement, sponsorship, and innovative marketing campaigns in the dynamic world of blockchain gaming.

6. Illuvium

Illuvium

Blockchain: Ethereum (utilizing Immutable X for scalability and reduced fees)

Release Date: Expected in 2023 (early access versions have been released)

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Players explore a vast landscape to hunt and capture creatures known as Illuvials, which can be trained, upgraded, and battled in PvP and PvE modes. Each Illuvial is represented as an NFT, ensuring true ownership and the ability to trade or sell these assets.

Illuvium boasts AAA-quality graphics and engaging gameplay, setting a high standard for blockchain games. The game’s integration of NFTs for Illuvials and in-game items offers a compelling blend of collectible and strategic elements, attracting gamers and collectors. Players can earn ILV tokens through gameplay, which can be staked for rewards, traded, or used within the game ecosystem. Illuvium has garnered significant interest and investment, building a strong community and presence in the blockchain gaming space. By leveraging Immutable X, Illuvium offers gas-free transactions and scalability, enhancing the user experience and accessibility.

7. Parallel

Parallel

Blockchain: Ethereum, Base

Release Date: TBD (Currently in development)

Parallel is a sci-fi collectible card game (CCG) that uses blockchain technology to offer players true ownership of their cards as NFTs. The game is set in a rich, futuristic universe where different factions, known as Parallels, compete for dominance. Players can build and customize decks, participate in strategic battles, and trade their NFT cards.

By leveraging NFTs, Parallel ensures that players truly own their cards, which can be traded or sold, adding a new dimension to the CCG genre. The game’s deep lore and high-quality card design attract a dedicated fanbase, enhancing player engagement and community building. Parallel offers complex gameplay mechanics, appealing to hardcore CCG enthusiasts and fostering a competitive environment. The game has built a strong community and received significant attention from both gamers and investors, indicating its potential for growth. Players can earn and trade valuable NFT cards, creating a robust in-game economy and potential investment opportunities.

8. STEPN

STEPN

Blockchain: Solana

Release Date: December 2021

STEPN is a move-to-earn mobile application that combines elements of fitness, gaming, and blockchain technology. Players equip themselves with NFT sneakers and earn rewards in the form of cryptocurrency by walking, jogging, or running outdoors. The app promotes a healthier lifestyle by incentivizing physical activity with tangible rewards.

STEPN effectively merges fitness and blockchain, appealing to health-conscious users and those seeking financial incentives for staying active. The innovative move-to-earn model stands out in the blockchain space, offering a fresh take on P2E gaming and attracting a diverse user base. STEPN has built a dedicated and active community, fostering user loyalty and continuous engagement through regular updates and community events. By encouraging daily activity, STEPN promotes a sustainable and continuous in-app economy, making it attractive for long-term user retention and growth. The app’s focus on health and fitness opens up unique opportunities for partnerships with fitness brands, health organizations, and lifestyle influencers.

9. Enjin Coin

Enjin Coin

Blockchain: Ethereum

Release Date: 2017

Enjin Coin (ENJ) powers a variety of NFT games within the Enjin ecosystem, integrating blockchain technology to provide unique gaming experiences. Key games such as “Lost Relics,” “Kingdom Karnage,” and “The Six Dragons” leverage Enjin’s blockchain to offer true ownership of in-game assets, which are tokenized as NFTs. This allows players to buy, sell, and trade these items on a decentralized marketplace, adding real-world value to in-game achievements. Enjin supports a play-to-earn model, enabling players to earn ENJ or other tokens through gameplay, enhancing both engagement and financial rewards. The Enjin ecosystem provides comprehensive tools for developers, including wallets, APIs, and a marketplace, facilitating the integration of blockchain features into games seamlessly.

10. Enter the Mythos

Enter the Mythos

Blockchain: Ethereum

Release Date: TBD (Currently in development)

“Enter the Mythos” is a blockchain-based game on the Ethereum network, combining traditional gaming with blockchain technology to provide unique features like true ownership of in-game assets, security, and transparency. The game uses NFTs for in-game items, enabling players to trade these assets on a decentralized marketplace and earn MYTH tokens through gameplay. The community plays a significant role in governance, influencing the game’s development through decentralized voting.

Unveiling the Titans

As the play-to-earn (P2E) gaming sector continues to evolve in 2024, it’s clear that blockchain technology is reshaping the landscape of digital entertainment and economic opportunities. The top P2E games by market cap, such as Gala Games, Axie Infinity, The Sandbox, Decentraland, Wreck League, Illuvium, Parallel, STEPN, and Enter the Mythos, each offer unique features and experiences that cater to a diverse range of players. These games not only provide engaging gameplay but also foster vibrant communities and innovative economic models. For marketers, understanding these platforms’ dynamics and their potential for user engagement and monetization is crucial in navigating the future of digital interaction and commerce. As P2E games continue to gain traction, staying informed about their developments will be key to leveraging their full potential in the gaming and blockchain ecosystems.

What is play-to-earn in simple terms?

Play-to-earn (P2E) games allow players to earn real-world rewards, such as cryptocurrency or NFTs, by completing tasks, battling other players, and progressing through the game.

Are P2E games legal?

P2E models raise legal issues. Cryptocurrencies, NFTs, or other digital assets earned through P2E models could be viewed as securities, potentially triggering financial regulatory compliance issues.

How big is the P2E gaming market?

The global Play-to-Earn NFT games market was valued at $3,292.73 million in 2022 and is expected to grow at a CAGR of 17.93%, reaching $8,856.95 million by 2028.

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