The market is currently in a period of cooling off after soaring to an all-time high in early December and leaving the decentralized financial (DeFi) industry in apparent dry spell. However, massive gains in gaming tokens appear to be taking place across the sector.

The Sandbox’ SAND captured headlines as it spearheaded the enthusiasm for gaming tokens, with over 340% gains in the past month. GALA is another one, which has a. Similar rallies of 300% were held in November. Such coins, including those under the metaverse sphere like Decentraland’s MANA and Illuvium’s ILV, gained momentum after Facebook’s rebranding to Meta, suggesting that gaming tokens could be preceding a new altcoin season.