GameFi just took a 17% haircut, with its market cap slipping to $17 billion.
- The market sell-off continues
- HoneyComb acquires GameShift
- North Korean hackers exploit Seedify.fund
Beyond the charts, GameFi made some serious moves this week.
Seeker owners can jump in right away, making Colony the first major game to land on Solana Mobile.
- Gaming-focused blockchain Ronin will launch a $4.6 million RON buyback starting on Sept. 29, aiming to cut circulating supply by 1.3%. Its treasury will swap ETH and USDC for RON, boosting reserves while reducing tokens in circulation.
Let’s uncover what kept Web3 gaming moving this week!
Surprisingly, altcoin season is not far off as the Altcoin Season Index dropped only slightly from 74 to 71 week-on-week.
Top Gainers
Top Decliners
GameFi slipped to 13th position on DeFiLlama’s narrative tracker in a week where all sectors were fighting for survival.
The following is not an endorsement or financial advice of any kind, but to share some fun, new, unvetted GameFi projects in the news. DYOR!
Unique to the game, the avatars evolve and even write their own code, making each playthrough fresh and unpredictable. The goal? Survive, grow, and outsmart rival colonies in a dynamic, shared world.
Seedify Bridge Breach
The exploit let them mint fake SFUND across four blockchains, slamming liquidity pools and hammering the token. Seedify confirmed the breach and outlined how the attack unfolded.
Moku Kicks Off Grand Arena
Moku has launched Grand Arena Season One, a nonstop fantasy sports and AI battler with a $1 million prize pool. Draft lineups, collect cards, and compete in daily contests as your AI Mokis fight for rewards.
What You Can Do Now
- Try the Parallel Colony game on Solana’s Seeker phone.
- Avoid overleveraged trades to guard against liquidations.
- Use secure wallets to protect your crypto assets against exploits.
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