News

August 8, 2025

Web3 FPS Game Shrapnel Migrates to Gala Games Ecosystem Stirring Mixed Reactions and Market Volatility

"Neon-lit 3D gaming environment transitioning from Avalanche blockchain ice-peak to Gala Games futuristic cityscape, featuring a player avatar from Shrapnel FPS game with unique weapon skin and floating SHRAP tokens, with a backdrop subtly hinting at market volatility. 'Shrapnel's Strategic Shift to Gala Games Ecosystem' text in bold highlights the image."
The world of gaming and blockchain recently witnessed the strategic migration of Shrapnel, a famous web3 first-person shooter (FPS) game, from Avalanche blockchain to the Gala Games ecosystem. This major transition was announced on July 30 by the game’s developers and was lauded as an initiative that will pave the way for our international roll-out, echoing our shared aspirations. This news was received with varied responses from the global gaming community. Nonetheless, it managed to draw considerable attention leading to a 24% contribution to the total mindshare of AVAX.

The Market’s Response to Shrapnel’s Move

In spite of preliminary resistance, the vast majority of market players appear to welcome the move. This is evidenced by the 17% surge in SHRAP token value in the last one day. However, it’s also worth noting that the token’s value remained steady throughout the past week. On a year-on-year basis, it has seen a steep decline, standing 90% lower than the previous year. With a $6.7 million market cap and a $13 million fully-diluted valuation, SHRAP can categorize as a micro-cap token.

The Role of SHRAP Token in the Gaming Market

SHRAP tokens have a diverse range of uses within the gaming marketplace. Just like the renowned Counter-Strike: GO (CSGO) marketplace, players can use SHRAP tokens to buy and sell unique weapon skins. Following its launch in January 2024, this utility of SHRAP tokens saw its market cap shoot up to a whopping $166 million. However, the token has been on a steady downtrend ever since its initial rise.

The Volatility of Gala Games in the Blockchain Gaming World

Gala Games has been a major player in the blockchain gaming ecosystem. Its track record since the token launch in 2021, however, shows a considerable degree of volatility. The GALA token reached an apex of a $5.5 billion market cap in November 2021. However, the sudden collapse of the FTX exchange in 2022 saw it hit a low of a mere $120 million valuation. Nonetheless, GALA managed to rally back to a $2.5 billion valuation twice in 2024—once in March, and then in December. At present, the GALA token’s market cap stands at a still impressive $717 million. In a nutshell, the transition of Shrapnel from Avalanche blockchain to Gala Games is a strategic move that has drawn a lot of attention on the market. Not only has it sparked numerous debates within the gaming community, but it has also significantly affected the value and mindshare of related tokens. How this move will impact the long-term performance of Shrapnel and its associated tokens remains to be seen.
James Carter

Financial Analyst & Content Creator | Expert in Cryptocurrency & Forex Education

James Carter is an experienced financial analyst, crypto educator, and content creator with expertise in crypto, forex, and financial literacy. Over the past decade, he has built a multifaceted career in market analysis, community education, and content strategy. At AltSignals.io, James leads content creation for English-speaking audiences, developing articles, webinars, and guides that simplify complex market trends and trading strategies. Known for his ability to make technical finance topics accessible, he empowers both new and seasoned investors to make informed decisions in the ever-evolving world of digital finance.

Latest posts by James Carter

Latest posts from the category News