Gate Research Institute: Decoding the 2024 GameFi Market: Data Review, Trend Analysis, and Market Outlook

Key Points Summary

GameFi Market Size: It is expected that the global GameFi market size will reach 19.584 billion USD in 2024, with a compound annual growth rate of 29.5%. The enthusiasm in the Asia-Pacific region is higher than that in Europe and America, with daily active users reaching 4.5 million.

Geographical Differences: North America has the largest market share (40%), and Asia Pacific (31.5% CAGR) is growing rapidly. Despite optimism about the future of GameFi, the market remains subject to volatility.

GameFi Protocols and Users: In 2024, the number of game protocols exceeds 3,000. Although the number of protocols continues to grow, the increase in active protocols is slow. User growth metrics are performing well, with 4.5M daily active users. 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, the daily trading volume of games reached $8.8M, with a total of 14.4M transactions. Overall trading volume has significantly rebounded, but the number of transactions has decreased. BNB Chain has overtaken Ethereum to become the leader. Trading volume and active users are more inclined towards proprietary gaming public chains.

GameFi Token Performance: The overall performance of GameFi tokens is poor, with an average return on investment of -10.59%. The market concentration is high, with leading projects like BIGTIME accounting for a large portion of the trading volume.

GameFi Investment and Financing: In 2024, GameFi financing amounts to 651 million USD, primarily benefiting game studios, with Animoca Brands being the most active among investment institutions.

Future Trends of GameFi: The GameFi industry is developing towards social casual games, fully on-chain games, and diversification, with the entry of traditional gaming giants aiding market expansion.

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