Week in GameFi: Game Over for DappRadar, VCs Play On.
GameFi projects raised more than $11 million this week! DappRadar winds down operations! Web3 gaming tokens pull back! Bitcoin crashed to $81,800 after U.S jobs data showed that inflation is sticky! $1 billion wiped away in liquidations in an hour.
Let's take a closer look! š§µ
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Market Overview:
The GameFi sector tanked 17%, with its market cap sliding to $19.32 billion. Trading volume highlighted trader exhaustion after falling 12% to $3.03 billion. Fear and Greed Index dropped to 11 (extreme fear). Exactly one year ago, it was at 88 (extreme greed).
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š Top Gainers:
š¹ Hashflow (HFT): +33.29%
š¹ Xai (XAI): +27.08%
š¹ Yooldo (ESPORTS): +17.21%
š¹ MetaArena (TIMI): +15.53%
š¹ ECOMI (OMI): +12.68%
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š® Game Spotlight: Wizzwoods
The cross-chain idle farming game just secured a major power-up with a $10 million Series A led by Animoca Brands and IVC. @WizzwoodsGame combines blockchain gaming with casual gameplay mechanics, letting players farm, build, and earn across multiple chains.
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Sector Activity:
š¹ @xocietyofficial just secured $1.6 million as it gears up for its Early Access debut on the Epic Games Store this month.
š¹ @AlphaTONCapital is loading up on Toncoin and staking while expanding into gaming and more.
š¹ @Nexpace_HQ has unveiled a $50 million ecosystem fund to fuel expansion beyond gaming.
š¹ DappRadar is closing after seven years due to financial strain
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