With the convergence of blockchain technology and gaming, tremendous new possibilities have emerged. This confluence eventually led to the Web3 gaming that we know today. This innovative space allows players to truly own in-game assets, participate in decentralized economies, and experience gaming in a more transparent and rewarding way. For developers, blockchain provides exciting opportunities in terms of monetization and community engagement. Jason, a blockchain analyst specializing in NFT royalties and market data, breaks down the leading blockchains in the gaming world, highlighting their strengths, weaknesses, popular games, and suitability for different game types and developer needs. Through this, he hopes to equip real, actionable insights for developers deciding on a blockchain and gamers searching for new immersive experiences.
Overview of Cryptocurrencies in Web3 Gaming
Cryptocurrencies are at the heart of the Web3 gaming experience, being used for everything from in-game currencies to governance tokens. It’s important for both developers and players to understand the various types of cryptocurrencies within this ecosystem.
Native Cryptos of Web3 Games
These are cryptocurrencies that are explicitly created for use within a specific game. Unlike some cryptocurrencies, they are fungible and easily exchanged. They often serve as the primary in-game currency for buying, selling, trading in-game items, characters or abilities. They’re great for rewarding players through their accomplishments or engagement within the game’s ecosystem.
These cryptocurrencies are tied to larger gaming ecosystems that consist of several different games or metaverses. They often act as the platform's native currency, used for transactions across different games and experiences within the platform's ecosystem.
- Axie Infinity Shards (AXS)
- Smooth Love Potion (SLP)
- Illuvium (ILV)
Cryptos of Decentralized Gaming Platforms
These are the native cryptocurrencies of the decentralized blockchains that provide the underlying infrastructure for Web3 games. They are used to pay for transaction fees, power smart contracts and secure the blockchain.
Consequently, most NFT marketplaces have their own native cryptocurrencies. These tokens are used to reward users, facilitate efficient transactions and govern the protocol. These cryptocurrencies, in turn, allow players to buy and sell various in-game assets that are represented as NFTs.
- Decentraland (MANA)
- The Sandbox (SAND)
Cryptos of Blockchain Infrastructures for Gaming
So, let’s explore deeper into some concrete instances of state-backed cryptocurrencies in action within common Web3 games.
Axie Infinity, one of the pioneers of the play-to-earn model, utilizes two main cryptocurrencies: Axie Infinity Shards (AXS) and Smooth Love Potion (SLP). AXS serves as the governance token, giving holders a say in the broader game’s decision-making processes. You can make money playing SLG by accumulating SLP through successful gameplay. You can then use this token to breed new Axies, the NFT creatures that you battle with. Thanks to the dual-token system, a vibrant economy thrives in the game. Now players can earn real rewards while playing an active role in shaping its development.
- Ethereum (ETH)
- Solana (SOL)
Cryptos of NFT Marketplaces
Illuvium, an open-world RPG adventure game that’s launching soon and built on the Ethereum blockchain, uses ILV as its main currency. ILV holders can participate in the Illuvium DAO, staking ILV to earn rewards and vote on key decisions related to the game's development and direction. Beyond its utility as an ownership token, the token is integral to the ecosystem of the game itself, with its use in multiple in-game transactions and activities.
Farther out than just specific games, there are a handful of larger, more decentralized gaming platforms that have their own crypto tokens used throughout their ecosystems.
- WETH (Wrapped ETH) on OpenSea
- RARI on Rarible
Key Native Cryptocurrencies in Web3 Games
Decentraland is a virtual world built on the Ethereum blockchain, where users can buy, sell, and build on virtual land. MANA is Decentraland’s native cryptocurrency, used to buy land, virtual goods, and services on the platform. MANA functions as a governance token. It decentralizes their governance by empowering token holders to vote on proposals that determine the platform’s future upgrades and policies.
Axie Infinity Shards (AXS) and Smooth Love Potion (SLP)
The Sandbox is another widely known virtual world platform where users can create, share, and monetize their gaming experiences. SAND is the platform’s utility token and powers the ecosystem. Redeem it to purchase LAND, get ASSETS, and participate in governance. The Sandbox further empowers those creators by providing true ownership of their creations. They can generate revenue by monetizing their games and experiences.
Illuvium (ILV)
Research and development behind the underlying blockchain infrastructure will determine performance, scalability and participatory nature of any Web3 game.
Cryptocurrencies from Decentralized Gaming Platforms
Ethereum was the first blockchain to successfully introduce smart contracts into the mainstream. That innovation meant it was the perfect choice for the first generation of Web3/game developers. Investment risks Its established ecosystem, large developer community, and robust security make it possible long-term play. Yet, Ethereum has had a problem with these high gas fees and overall poor scalability for quite some time now. Layer 2 solutions such as Polygon are addressing these challenges head-on. Through their efforts, they’re helping to ensure Ethereum is the best platform for all different types of games to thrive. Not to mention, Ethereum is the most widely adopted and used of all blockchains within the Web3 gaming space.
Decentraland (MANA)
Solana is a high-performance blockchain that prioritizes speed and scalability. With the ability to execute thousands of transactions in a second, it can drastically lower players’ waiting period. Additionally, Solana’s low transaction fees make it an attractive option for games that require a high volume of in-game transactions. Several popular Web3 games have been built on Solana, and the ecosystem continues to evolve to become a reference blockchain in Web3 gaming. Solana offers high scalability, allowing it to handle a large number of users without network congestion and process thousands of transactions per second.
The Sandbox (SAND)
NFT marketplaces play a key role in allowing players to trade digital in-game assets, now represented via NFTs. These marketplaces often each have their own native cryptocurrencies unique to their marketplace, used in the buying/selling process and to incentivize users.
Blockchain Infrastructure Cryptocurrencies for Gaming
OpenSea is the biggest NFT marketplace. Marketplaces are decentralized. It’s easy to get started on OpenSea. OpenSea supports most popular blockchains, including Ethereum. Although users can purchase and trade NFTs in ETH, most choose to transact in Wrapped ETH (WETH). WETH is an ERC-20 compatible token that is equal to ETH. This thoughtful design allows for simple peer-to-peer trading and incorporation into future smart contracts on the Ethereum blockchain.
Ethereum (ETH)
Rarible is a well-known NFT marketplace and it has its own native protocol token, RARI. RARI is a governance token, enabling holders of the token to vote and influence the platform’s development and direction. Additionally, it is utilized to reward those who use the platform regularly and encourage users to be a part of the Rarible ecosystem.
Solana (SOL)
The Solana blockchain has become the home for Meme Coins, attracting a youthful, spirited community of investors and developers. These digital assets are largely based on the style and aesthetic of internet memes and viral trends. They’ve become wildly popular due to the fact that they can skyrocket in value and create a huge level of community involvement.
Cryptocurrencies Associated with NFT Marketplaces
SBCs are cryptocurrencies created on the Solana blockchain, often serving as speculative investments and community-building tools. Their worth is largely derived from web culture and social media hype. Now meme coins are different than cryptocurrencies of yore. Typically, these are not produced with any serious intention but rather as a form of advertising for entertainment value or to cash in on the current meme trend or viral TikTok fad.
OpenSea and the WETH Token
Like the Solana meme coin scene itself, this post is a work in progress, with new coins and trends developing every day. Here's a brief overview of some of the more notable Solana meme coins:
Rarible and the RARI Token
A few of these Solana meme coins have great potential to continue growing and expanding their use cases.
Introduction to Solana Meme Coins
Solaxy provides appealing staking rewards. In this respect, a lot of investors are attracted to its passive income-generating possibilities within the meme coin sector.
What Are Solana Meme Coins?
Bitcoin Bull capitalizes on the massive appeal of Bitcoin, integrating airdrops and staking rewards to encourage active participation and investment from the community.
Top Solana Meme Coins Reviewed
MIND of Pepe combines the Pepe Shreksplained NFT meme with AI. Its patented delivery method of time-sensitive trading insights provides traders an unmatched advantage over today’s fast-moving market.
Dogwifhat (WIF): A popular meme coin featuring a Shiba Inu dog wearing a knitted hat.
Bonk (BONK): A community-driven meme coin that aims to bring fun and accessibility to the Solana ecosystem.
Popcat (POPCAT): Based on the viral Pop Cat meme, this coin has gained traction for its playful branding.
Notable Solana Meme Coins to Watch in 2025
Best Wallet Token aims to improve the entire wallet ecosystem. To attract more users, it provides lower fees and higher staking yields.
Solaxy – Best Solana Meme Coin with Insane 123% Staking Rewards
Through democratizing access to AI and Web3 technologies, SUBBD aims to uplift the next generation of creators with a new decentralized monetization and community building platform.
Bitcoin Bull – Novel Meme Coin with Strong Ties to Bitcoin, Airdrops & 78% Staking Rewards
SpacePay aims to provide fast payment transactions and promote the payment use case. Its broader aim is to develop a practical use case for its growing meme coin in the competitive payments space.
MIND of Pepe – New AI Meme Coin with Time-Sensitive Trading Insights
Pepe has a vision to build Web3’s first decentralized influencer marketing platform. To get users onboard and drive platform adoption, he’s providing amazing staking APY incentives.
Best Wallet Token – Best Wallet Ecosystem Token With Lower Fees and Higher Staking Yields
Just like any other crypto investment, you should do due diligence before you invest in Solana meme coins.
SUBBD ($SUBBD) – Redefining the Creator Economy with AI and Web3
Consider the meme coin’s all-time price history, market cap, and trading volume to determine whether there’s any real chance it can see significant future price appreciation.
SpacePay – Great for its Fast Transactions and Payment Utility
Think about the meme coin’s core meme or viral movement. Is it still relevant and popular? Does it have the ability to open the door to a much larger audience?
Influencer Pepe – Upcoming Web3 Influencer Marketing Platform With Over 5,000% Staking APY
Keep an eye on your meme coin’s social media activity, community involvement, and general market mood to get a feel for its current momentum.
How to Purchase Solana Meme Coins
In reality, most meme coins have no utility at all. Still, others provide distinct functionalities or integrations that help create incremental value to the broader ecosystem.
- Set up a Solana wallet: Popular options include Phantom, Solflare, and Trust Wallet.
- Acquire Solana (SOL): Purchase SOL from a cryptocurrency exchange like Binance, Coinbase, or Kraken.
- Transfer SOL to your wallet: Send the purchased SOL to your Solana wallet address.
- Connect your wallet to a decentralized exchange (DEX): Popular Solana DEXs include Raydium, Orca, and Serum.
- Swap SOL for your desired meme coin: Use the DEX to swap SOL for the meme coin you wish to purchase.
Evaluating the Best Solana Meme Coins
Solana meme coins have burst into the spotlight, capturing the attention of new investors and developers alike to the Solana ecosystem.
Price Potential
Solana is home to an exciting array of DEXs. It’s through these platforms that trading meme coins has become quick and easy.
Meme Virality
Compared to Ethereum, Solana’s transaction fees are much lower, thus making it a financially viable platform for trading meme coins. This cuts down the costs of purchasing and trading these digital assets substantially.
Momentum
The Web3 gaming landscape is constantly changing. New blockchains, cryptocurrencies, and technologies are popping up every day. While Ethereum remains a dominant force, Solana, Polygon, Tezos, and WAX offer viable alternatives for developers looking to build innovative and engaging gaming experiences. This way, developers can strategically assess the strengths and weaknesses of each blockchain. This enables them to work out which platform will suit the needs of their audience and suit their games, producing an engaging product that appeals to younger players. Jason unapologetically journeys into the soul of all things digital imagination. He monitors makers and movements, predicting trends and profiling the fearless thinkers who are carving out tomorrow’s cultural landscape.
Utility
While most meme coins lack traditional utility, some may offer unique features or integrations that could add value to the ecosystem.
Advantages of Investing in Solana Meme Coins
Investing in Solana meme coins can offer several potential advantages:
Trending Popularity of Solana Meme Coins
Solana meme coins have recently gained widespread attention, attracting investors and developers to the Solana ecosystem.
Outstanding Decentralized Exchanges (DEXs)
Solana boasts a robust ecosystem of decentralized exchanges (DEXs) that facilitate the trading of meme coins with ease and efficiency.
Reduced Transaction Fees
Solana's low transaction fees make it an attractive platform for trading meme coins, reducing the cost of buying and selling these digital assets.
Conclusion on the Best Solana Meme Coins
The Web3 gaming landscape is rapidly evolving, with new blockchains and cryptocurrencies emerging all the time. While Ethereum remains a dominant force, Solana, Polygon, Tezos, and WAX offer viable alternatives for developers looking to build innovative and engaging gaming experiences. By carefully considering the strengths and weaknesses of each blockchain, developers can choose the platform that best suits their needs and create games that appeal to a wide range of players. Jason's fearless exploration into the heart of digital creativity continues, tracking these trends and spotlighting the bold minds shaping the next cultural frontier.
