Arbitrum’s GameFi Revolution: A Look at the Top Protocols Making Waves: Part 1

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 gamers 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 gamers to explore new worlds, trade rare assets, and earn significant rewards. We will examine what makes each of these protocols stand out in the competitive GameFi market:

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Treasure DAO:

Specifically built for metaverse projects, Treasure is a decentralized Non-Fungible Token (NFT) ecosystem on Arbitrum. Treasure’s goal is to bootstrap new, decentralized metaverses and support their growth through its NFT marketplace and Bridgeworld gaming and staking platform. 

Through its native $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 ones.

Treasure’s central metaverse is called Bridgeworld, where MAGIC is emitted and harvested. Treasure DAO currently has a TVL of $10.65 million.

 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 3,200% since January 2022.

Trident DAO:

Trident DAO is an infinite universe 2D video game with various mini-games available to play. With the application of 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 $5.68 million 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 stake hero NFTs in Honor World. A proportionate amount of Honor World governance tokens-HWT will be awarded based on staked hero NFT farming power across the platform.

NFT Market

Honor World has its own decentralized NFT marketplace. The NFT market allows players to buy and sell hero NFTs freely.

LP Farming

Honor World’s Yield Aggregator is an algorithm that optimizes liquidity mining yields based on the Binance Smart Chain ecosystem. In order to earn rewards, users can deposit liquidity provider tokens into the yield 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 App created to connect humans with the real world, powered by Openblox. You can track physical activity with RunBlox, such as walking, jogging, and running, contributing to a healthier lifestyle. 

The degradation of shoes reflects real life since the more you use them, the sooner they will need to be repaired. Additionally, shoes have different traits, such as Hit Points, which directly influence their durability.

An attribute that determines how quickly shoes decay and how durable they are. High points indicate a shoe’s durability and resilience. 

Furthermore, an energy level is established, limiting 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 earning depends on what level of shoes they are using. 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 gamers and DeFi enthusiasts alike. With fast transaction speeds, robust developer activity, and a growing app 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 months and years to come.

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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 apps, deploy smart contracts, etc., but your transactions will be cheaper and faster. The flagship product for the team, Arbitrum Rollup, is an Optimistic roll-up protocol that inherits Ethereum-level security.

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