The State of Crypto Gaming

InstitutionalAugust 25, 2022, 9:54AM EDT
UPDATED: April 25, 2023, 4:50PM EDT
The State of Crypto Gaming
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The cryptocurrency market has seen a downturn since the start of the year. The total market capitalization of the top 50 cryptocurrencies stood at $1.1 trillion as of August 18, 2022, down 47% YTD. 

The general market's performance has impacted the other two biggest cryptocurrency sectors: decentralized finance (DeFi) and game-focused cryptocurrency (GameFi). Both sectors declined over 60% to $25 billion and $10 billion, respectively. 

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