Gaming protocols

A space to discuss the ‘Gaming’ market sector available on Token Terminal.

What are onchain games?

Onchain games are smart contract-based games that allow users to truly own their in-game items and credentials.

What problems do onchain games aim to solve?

Players invest a lot of time and money into games, without necessarily retaining any ownership to what they earn and create within the game’s economy.

How do onchain games solve those problems?

Onchain games represent in-game items and credentials as NFTs, giving players true ownership of what they earn and create within a game. Further, the in-game assets become interoperable and freely tradable, bridging the gap between gaming and work.

Why is now the right time to build and invest in onchain games?

Scalable blockchains (L2s and appchains) have finally opened up the design space for onchain games.

What is the business model of onchain games?

The business models for onchain games vary, some have built marketplaces for the in-game items and charge marketplace fees for the secondary sales of these items.

Where can I view the current and historical (financial) performance of onchain games?

Gaming dashboard: Gaming | Markets | Token Terminal

Methodology for gaming-specific metrics

Total value locked: assets deposited into the game’s contracts.
Trading volume: trading volume of the in-game items.
Fees: total trading fees paid by players.
Supply-side fees: share of trading fees that goes to liquidity providers.
Revenue: share of trading fees that goes to the protocol (and its tokenholders).
Token incentives: value of governance tokens distributed to the players of the game.
Daily active users: daily distinct addresses making making transactions in the game.

Example project documentation

Relevant links