#GameFi Web3 gaming tokens keep winning with a sharp increase in market cap and trading volume.

Bitcoin stabilizes above $100K, but there is room for volatility.

Gaming tokens enjoy a consecutive week of gains.

Web3 gaming activity slowed down, but sector is healthy.

The crypto market continues to show signs of stability, with Bitcoin maintaining its position above the $100,000 mark. However, two major developments could introduce volatility in the near term: the Wisconsin Investment Board has begun liquidating its BTC ETF holdings, and the FTX estate is set to distribute over $5 million to creditors by the end of May.

Despite these movements, broader market sentiment remains largely unchanged from last week. The CMC Fear and Greed Index sits at 69—just a one-point dip from last week’s 70—still firmly in "greed" territory.

What role has this played in shaping GameFi's trajectory this week?

GameFi Sector Review

Web3 gaming posted a strong performance this week, with the sector’s market cap increasing by over 50% and trading volume rising 78%. These gains came even as the CMC Altcoin Season Index declined from 39 to 27, suggesting that Web3 gaming is moving independently of broader altcoin trends.