GameFi tokens show early recovery as on-chain usage rises on Base and Sei

Beincrypto reports GameFi tokens are showing early signs of recovery as on-chain usage rises across Base and Sei, with Axie leading sentiment gains, Sandbox following flow reversals, and whales quietly accumulating Decentraland’s MANA. On-chain metrics drove the signal: Dune analytics show B3, the gaming layer on Base, led major EVM chains in average transactions per active wallet over four consecutive days, while Base also ranked near the top in total daily transactions.

Sei stood out in daily unique addresses and DappRadar shows several Sei-based games posting sharp 24‑hour growth in active wallets. The piece notes GameFi fell about 75% in 2025 and quotes Animoca Brands’ Robby Yung that recovery requires “a solid, engaging product underlying the token (as always).” The coverage highlights three tokens moving first: Axie Infinity (AXS) is up roughly 117% over seven days and saw positive sentiment spike to 8.31 on January 17, tied to a tokenomic change cited as a catalyst.

The Sandbox (SAND) is up about 27% over seven days and has flipped exchange balances from net inflows of ~4.36 million SAND to net outflows of ~2.33 million, with a cup‑and‑handle forming and a potential breakout above $0.168. Decentraland (MANA) has seen whales increase combined holdings from ~1.00 billion to ~1.02 billion tokens since January 17 while price shows an inverse head‑and‑shoulders breakout zone near $0.159; confirmation and invalidation levels for each token are noted in the analysis.

Key Topics

Crypto, Axie Infinity, The Sandbox, Decentraland, Base, Sei