GALA surges 117% in the first week of February as P2E gaming goes mainstream

The play-to-earn (P2E) of the crypto ecosystem has been one of the areas that has been most resilient to volatility and price declines over the past few months as more players join in to make money. Earn extra income by tokenizing Play games.

One project whose token price rose rapidly in the first week of February is Gala, a protocol focused on using blockchain technology to give players control over games and in-game items they collect .

Data from TradingView shows that price is up 117% after hitting a low of $0.177 on February 2nd and hitting an intraday high of $0.384 on February 7th.

 Source: TradingView

The three reasons behind the rapid recovery in prices are the upcoming launch of several popular games on the protocol, a number of new partnerships that have helped expand the GALA ecosystem, and user base growth that continues to hit new record highs.

New game start

The $30 billion P2E gaming sector is growing fast. If protocols are to keep up with this growth, they must launch new games and maintain an active user base.

For this reason, GALA was and is support added for new projects in the ecosystem, such as B. the upcoming launch of Spidertanks and Legends Reborn.

Gameplay aside, the newer generation of games being launched at Gala have capitalized on some of the growing trends in the P2E space, such as selling land to provide users with a way to generate passive income and help increase the pool of larger community members who are willing to make long-term investments in the protocol.

Building partnerships with other protocols

The second factor driving GALA’s momentum is the addition of new partnerships that expand the reach of the ecosystem.

This includes cooperation announced As of late, the 888innercircle community on Twitter has more than 205,000 members who are fans of digital art and collectibles.

Gala also recently established a working relationship with Betwixt, the mind-health focused gaming app that was selected to receive $1 million in funding from  Games Conservatorship fund to help the gaming community… bring self-care closer.

Growing user base

Due to the expansion of the Gala ecosystem and the addition of methods to generate profits through gaming or other forms such as running a Gala node, the community has seen a steady increase in user numbers over time, especially since early December 2021.

 Source: Dune Analytics

According to data from Dune Analytics, the total number of users as of February 7 was 122,230, which has tripled since November 7, 2021 from 40,380 users.

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