Gate Research: Analyzing the 2024 GameFi Market: Insights from Data, Trends, and Future Outlook

Key Takeaways

GameFi Market Size: The global GameFi market is expected to reach $19.584 billion in 2024, with a compound annual growth rate (CAGR) of 29.5%. The Asia-Pacific region is more popular than Europe and the United States, with daily active users (DAU) reaching 4.5 million.

Regional Differences: The North American market holds the largest share (40%), while the Asia-Pacific region is growing rapidly (CAGR of 31.5%). Although the outlook for GameFi is optimistic, the market is still subject to fluctuations.

GameFi Protocols and Users: By 2024, the number of GameFi protocols will exceed 3,000. Although the number of protocols continues to grow, the increase in active protocols is slower. User growth metrics are performing well, with 4.5 million DAU. Projects like Pixels and Hamster Kombat have successfully attracted a large number of players through token airdrops.

GameFi On-Chain Performance: As of September 2024, daily game transaction volume reached $8.8 million, with 14.4 million transactions. While overall transaction volume has significantly recovered, the number of transactions has declined. BNB Chain has replaced Ethereum as the leader. Transaction volume and active users are leaning towards proprietary game public chains.

GameFi Token Performance: GameFi tokens have generally underperformed, with an average return on investment (ROI) of -10.59%. The market remains highly concentrated, with top projects like BIGTIME accounting for the majority of transaction volume.

GameFi Investment and Funding: In 2024, GameFi funding amounted to $651 million, primarily benefiting game studios. Among investment institutions, Animoca Brands was the most active.

Future Trends in GameFi: The GameFi industry is moving toward social casual games, full-chain games, and diversified development. The entry of traditional gaming giants is helping to expand the market.

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