Gala ( GALA ), a protocol focused on using blockchain technology to give players control over the games they play and the in-game items they receive. Prices rose more than 117% after hitting a low of $0.177 on Feb. 2, and an intra-$0.384 high on Feb. 7.
Three reasons for the rapid resurgence of GALA prices are the release of several popular new games on the upcoming protocol, new partnerships helping to expand the GALA ecosystem, and growing GALA’s user base. continues to set new high records
new game launch
The $30 billion P2E gaming sector is growing rapidly. And protocols that want to keep up with trends need to launch new games and maintain an active user base.
In light of this, GALA has added support for new projects in the ecosystem, such as the upcoming release of Spidertanks and Legends Reborn.
In addition to playing games The new game released on Gala has caught up with the growing trend in the P2E area such as LAND SALE or LAND and where it offers users a way to earn passive income to help grow their membership in the larger community. up in long-term protocol investments
Cooperation with other protocols
The second factor driving GALA’s rise is the addition of new partners that expand the reach of the GALA ecosystem.
This includes a recently announced collaboration with the 888innercircle community on Twitter of more than 205,000 members who are fans of digital art and collectibles.
Gala also recently established a working relationship with Betwixt, a gaming application focused on mental health. which was selected to receive $1 million from the Gala Games Conservatorship Fund. to help integrate self-care into the gaming community
growing user base
With the expansion of the Gala ecosystem and the addition of ways to earn rewards through gaming or other methods such as running Gala nodes, the community has seen a steady increase in user numbers over time. especially since the start of December 2021.
According to data from Dune Analytics, the total number of GALA users stood at 122,230 as of February 7, a figure that’s tripled since November 7, 2021 from 40,380 users.