The Arbitrum network is growing rapidly, resulting in more and more GameFi protocols with unique features emerging.
Growing arbitrum ecosystem
The gaming industry has always been a significant market, and the rise of blockchain technology has led to the emergence of GameFi protocols that offer players and DeFi enthusiasts the opportunity to earn rewards and trade assets within games.
With the rapid growth of the Arbitrum network, more and more GameFi protocols are emerging on the platform, offering unique features and exciting gameplay. The protocols currently gaining popularity on Arbitrum include Treasure, Trident, Honorworld and Runblox.
These protocols allow players to explore new worlds, trade rare assets, and earn substantial rewards. We’ll explore what makes each of these protocols stand out in the competitive GameFi market:
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Estimate DAO:
Built specifically for metaverse projects, Treasure is a decentralized Non-Fungible Token (NFT) ecosystem on Arbitrum. Treasure’s goal is to locate new, decentralized metaverses and support their growth through its NFT marketplace and Bridgeworld gaming and gaming platform.
Through its original $MAGIC token, Treasure projects are interconnected, both narratively and economically. Through MAGIC emissions, the Decentralized Autonomous Organization (DAO) grows new projects and continues to support mature projects.
Treasure’s central metaverse is called Bridgeworld, where MAGIC is emitted and harvested. Treasure DAO currently has a TVL of $10.65M.
According to Delphi Digital, the number of new projects joining DAO is steadily increasing. As of March 23, the number of unique wallets using $MAGIC has grown by 3,200% since January 2022.
Trident DAO:
Trident DAO is an infinite universe 2D video game with various mini-games available to play. By applying the RiskToEarn (R2E) concept, Trident DAO hopes to solve the homogenization problem in blockchain games. As part of its platform, Trident DAO includes a Decentralized Exchange (DEX) called OasisSwap.
During the recent $ARB airdrop, The protocol received 257,540 $ARB. Trident DAO (PSI) has a market cap of $5.68M and is trading at $2.69, down 2.48% in 24 hours.
Honor World
Honor World is developing a game-based platform that combines farming, staking, gaming, deFi, new financial technologies and DAOs to explore GameFi’s infinite possibilities.
In Honor World, all characters are NFTs based on the ERC721 and ERC1155 protocols. Hero NFTs are limited edition and very rare. Honor World has the following elements:
NFT Farming
Players can harness hero NFTs in Honor World. A proportional amount of Honor World Management Tokens-HWT will be awarded based on the NFT farming power of the hero across the platform.
NFT market
Honor World has its own decentralized NFT market. The NFT market allows players to freely buy and sell hero NFTs.
LP Farming
Honor World’s Yield Aggregator is an algorithm that optimizes liquidity mining returns based on the Binance Smart Chain ecosystem. To earn rewards, users can deposit liquidity provider tokens into the return aggregator smart contract.
Honor world (HWT) has a fully diluted market cap of $55.92 million and is trading at 0.059, up 5.11% in 24 hours.
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Runblox:
RunBlox is a Web3 application created to connect people with the real world, powered by Openblox. You can track physical activity with RunBlox, such as walking, jogging and running, which contribute to a healthier lifestyle.
The deterioration of shoes reflects real life, because the more you use them, the sooner they will need to be repaired. In addition, shoes have different properties, such as Hit Points, that directly affect their durability.
A characteristic that determines how quickly shoes wear out and how durable they are. High points indicate a shoe’s durability and resilience.
Furthermore, an energy level is set, which limits the token earning potential of users. Tokens can only be earned as long as the energy limit in the app is high enough. A user’s overall earnings depend on what level shoes they use. Runblox is also available on Apple Watch.
Runblox(RUX) has a market cap of $21,969 and is trading at $0.0054, down 2.63% in 24 hours.
The emergence of GameFi protocols on the Arbitrum network has opened up a new world of possibilities for players and DeFi enthusiasts. With fast transaction speeds, robust developer activity and a growing application ecosystem, Arbitrum is well positioned to become a leading platform for GameFi protocols in the near future.
The future of GameFi on the Arbitrum network looks bright, and we can’t wait to see what exciting new protocols will emerge in the coming months and years.
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Arbitrum is an Ethereum layer-2 network that enables developers to build and deploy highly scalable smart contracts at low cost. You can use Arbitrum chains to do everything you do on Ethereum – use Web3 applications, deploy smart contracts, etc., but your transactions will be cheaper and faster. The flagship product for the team, Arbitrum Rollup, is an Optimistic rollup protocol that inherits Ethereum-level security.
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