TechFlow news, January 6 — According to The Block, GMCI index data shows that in 2024, the total market capitalization of crypto gaming and Layer 2 projects declined, while other sectors—including Layer 1 tokens, memecoins, and DePIN—achieved growth. Specifically, the crypto gaming index dropped by 16%, and the Layer 2 index fell by 30%.
Notably, the crypto gaming index does not include TON, which has benefited from Telegram's nearly 1 billion crypto gaming users and posted a full-year gain exceeding 100%. In the Layer 2 sector, Mantle, Polygon, and Arbitrum account for over 60% of the index’s total value, with price declines in POL (formerly MATIC) and ARB weighing on overall performance.
Looking ahead to 2025, the Layer 2 sector may see a turnaround. Linea, an Ethereum Layer 2 network incubated by ConsenSys, plans to launch its token in Q1, and Unichain—a Layer 2 network developed by Uniswap—is set to go live on mainnet in early 2025. In 2024, the GMCI 30 Index, representing the top 30 digital assets, rose nearly 90%, ranking third among all 12 indices, behind only the memecoin and AI indices.
