{"id":400972,"date":"2025-08-05T19:20:30","date_gmt":"2025-08-05T13:50:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/shrapnel-to-leave-avalanche-in-new-partnership-with-gala-games-crypto-news\/"},"modified":"2025-08-05T20:21:23","modified_gmt":"2025-08-05T14:51:23","slug":"shrapnel-to-leave-avalanche-in-new-partnership-with-gala-games-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/shrapnel-to-leave-avalanche-in-new-partnership-with-gala-games-crypto-news\/","title":{"rendered":"Shrapnel to Leave Avalanche in New Partnership with Gala Games – Crypto News"},"content":{"rendered":"

<\/p>\n

The FPS gaming ecosystem is leading the Avalanche mindshare leaderboard on its way out.<\/p>\n

\n

Web3 first-person shooter (FPS) game Shrapnel is set to leave the Avalanche blockchain for a new home in the Gala Games ecosystem.<\/p>\n

The team announced<\/a> the move via X on July 30, referring to the migration as a \u201cstrategic move that enables our global launch and reflects our shared vision.\u201d <\/p>\n

The reaction from the gaming community has been mixed, but the move is certainly commanding attention, and as a result, Shrapnel accounts for 24% of the total AVAX mindshare according to Messari Portals*<\/a>.<\/p>\n

<\/p>\n
Avalanche Mindshare by Assets. Source: Messari Portals<\/figcaption><\/figure>\n

<\/a><\/p>\n

Despite some initial pushback, the market seems to like the idea, with the SHRAP token<\/a> up 17% over the last 24 hours. However, it is worth noting that the token is flat over the last week, and down 90% over the last year.<\/p>\n

SHRAP is a micro-cap token with just a $6.7 million market capitalization and $13 million fully diluted valuation. The token can be used in the game\u2019s marketplace, where users can buy and sell unique weapon skins, similar to the popular Counter-Strike: GO (CSGO) marketplace.<\/p>\n

SHRAP skyrocketed to a $166 million market capitalization shortly after its launch in January 2024, but has been in a protracted downtrend ever since.<\/p>\n

\"SHRAP
SHRAP price chart. Source: CoinGecko<\/figcaption><\/figure>\n

Gala Games, a gaming-focused blockchain ecosystem, has been incredibly volatile since its token launch in 2021. The chain\u2019s GALA token<\/a> peaked at a $5.5 billion market capitalization in November 2021, but then fell as low as a $120 million valuation after the collapse of the FTX exchange in 2022. <\/p>\n

In this cycle, GALA rallied as high as a $2.5 billion valuation in March and December 2024, and currently changes hands at a $717 million market capitalization.<\/p>\n

*This article is part of a media partnership with Messari. Messari is building the insight layer for the cryptoeconomy \u2013 empowering builders, institutions, regulators, and the public to make informed, confident decisions.<\/em><\/p>\n

Messari Portals are a free-to-use community resource that combines quantitative data with qualitative context, giving crypto communities transparent, convenient access to information that helps them make better decisions. <\/p>\n

Visit https:\/\/messari.io\/portals<\/a> to learn more.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The FPS gaming ecosystem is leading the Avalanche mindshare leaderboard on its way out. Web3 first-person shooter (FPS) game Shrapnel is set to leave the Avalanche blockchain for a new home in the Gala Games ecosystem. The team announced the move via X on July 30, referring to the migration as a \u201cstrategic move that […]<\/p>\n","protected":false},"author":2,"featured_media":400976,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-400972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=400972"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400972\/revisions"}],"predecessor-version":[{"id":400977,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/400972\/revisions\/400977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/400976"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=400972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=400972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=400972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}