Sandbox (SAND), the native token of The Sandbox Metaverse, rallied by over 13% yesterday after Coinbase, the largest crypto exchange in the United States, announced in a tweet that it is intending to list SAND on its platform.
Following the announcement, SAND became one of the top earners among gaming tokens with its trading volume jumping 224.90% to over $1.2 billion.
At the time of writing, SAND had slightly pulled back to trade at $1.29 after hitting a daily high of $1.38 following the announcement by Coinbase.
SAND Featured on Coinbase Roadmap
Coinbase previously said it would add 6 SPL tokens to the Solana network and around 45 different ERC-20 tokens to the Ethereum network.
Gaming tokens have been greatly affected by the crypto market bloodbath, with the SandBox token dropping by 54% in the past month, however, its latest surge seems to be recovering the loss.
For the token to be energy efficient, greener and cheaper, the ecosystem will switch to Polygon Matic, OxPolygon.
Enhancing Sandbox Web 3 development and Metaverse growth
Sandbox also announced that it has gotten a full-stack development technology from Cualit, an Uruguayan company with gaming experience. The firm will help them to bolster their blockchain innovations, and Web 3 developments together with other development capabilities
In the meantime, the cumulative market capitalization of coins in the gaming category has also increased by more than 9%, with their total valuation standing at $13.6 billion and trading volume increasing by 8. 5% to $4.9 billion.
Big ETH whales also seem to be embracing gaming tokens at a time when the general crypto market is trading sideways. WhaleStats shows that in the last 24 hours, top gaming tokens like ApeCoin (APE), Decentraland (MANA), and Axie Infinity (AXS) joined the top 10 list of the most purchased gaming tokens.
