Published: July 9th, 2025
Crypto game Off the Grid's GUN token is set to arrive on Solana this week after being exclusively launched on Avalanche, the blockchain that powers the shooter's dedicated L1 network, GUNZ. The game's ecosystem expansion will also see a new skin pack for Solana.
In a post on the Gunzilla Games official X account, the game's publisher said the shift from proprietary to public chain is designed to make it easier for crypto-gaming newcomers to buy and trade the GUN token. It also signals what the company calls a new ‘multi-chain ethos,’ suggesting that further expansion to non-Avalanche chains is in the offing.
After the X post, data from CoinGecko showed that GUN had extended a loss trend, falling over 10 per cent on the day to hit USD 0.037 at time of writing.
In a roundtable discussion on X Spaces hosted by Gunzilla Games, Gerry Lee of Solana's gaming development group said Solana wants to be ‘the best place to launch a gaming token.’
‘Blockchain gaming projects should see us as the best place to connect with users and access a market that can find the accurate market price for my token.’
Data from CoinGeck shows GUN is currently the 74th-largest gaming token by market cap. Meanwhile, sales on Off the Grid's gaming marketplace keep growing. Figures from DegenRadar show it has processed USD 666,700 in transactions over the past month.
Further evidence that the game is building a growing crypto-economy, the size of its in-game skin sales is also on the rise, with one hard-to-find skin recently selling for $USD 5,399.
In May, Off the Grid started moving players onto the mainnet of its proprietary GUNZ blockchain, where they could trade GUN tokens for in-game NFT items.
Despite only a fraction of the user base being able to make trades, transaction volume quickly heated up, with some items selling for thousands of dollars' worth of crypto.
The sudden sales uptick came as the popular Web3 multiplayer prepared to expand onto the Steam PC platform, which had previously banned blockchain games back in 2021.
Fans noted that Steam's listing for Off the Grid said it would feature an in-game marketplace, potentially a reference to crypto functionality.
At the time, there were 16.4 million active crypto wallets on GUNZ, a new Avalanche L1 network designed to host Off the Grid and other games from developer Gunzilla Games. Meanwhile, just 21,000 players had been moved onto the fully-functional mainnet, roughly 0.13 percent of the player base.
Even with that fractional liquidity, some sizable trades were taking place. A tactical vest sold for USD 2,390 while a gas mask traded hands for around USD 1,100. ‘Convict’ chest rigs had been selling for more than $500.
In May 2024, crypto markets saw three billion dollars-worth in token unlocks across seven new crypto projects. Data from analytics firm TokenUnlocks showed the two biggest came from the Pyth DeFi oracle network and the Aevo crypto derivatives platform.
New crypto projects typically release their full supply of tokens incrementally over weeks, months or years. Bitcoin, for example, has released 19.7 million into circulation from a total supply of 21 million. The ‘tokenomics timeline’ is usually documented in a white paper accompanying the project's launch.
May 2024 also saw the much-watched DeFi oracle network Pyth activate its first unlock, just six months after its original go-to-market date. On 20th May 2024, 2.13 billion in PYTH tokens arrived in the market, making the value of the unlock around USD 1.24 billion.
Fifty per cent of the tokens fund ecosystem growth, 25 percent went towards publisher rewards, while the remaining quarter were auctioned off through private sales to support protocol development.
TokenUnlocks called the Pyth plan a cliff unlock, meaning a mass of tokens were released all at once rather than incrementally across days. Pyth plans another 2.13 billion unlock in June 2025.
Aevo took a different route for its unlock, combining both a cliff unlock and a linear unlock, where a specific number of tokens are released daily.
Some 827.6 million AEVO tokens worth ca. USD 1.24 billion were unlocked on 15th May 2024. Another 6.13 million worth USD 9.20 million were then released each day for the following nine days.
On 22nd May 2024, Avalanche released 9.54 million AVAX tokens worth ca. USD 329.18 million. Memecoin unlocked 5.31 billion MEME tokens worth ca, USD 147.94 million on 3rd May, while another 49.47 MEME tokens worth ca USD 1.38 million flowed into the market each day for the following 184 days.
A number of liquid staking tokens enjoyed significant gains in the early days of 2023 as a deadline for un-staking Ethereum approached. Data from Cryptotracker shows Rocket Pool (RPL) and Lido Finance (LDO) both saw notable gains.
LDO was the governance token behind Lido Finance, Ethereum's biggest liquid-staking protocol. It gained more than 17 per cent in 48 hours. Intense buying and selling of LDO pushed its daily volumes up across numerous exchanges to hit USD 275 million, a 434 per cent leap.
With a market cap just north of USD 1.5 billion, data from CoinGecko had LDO at 33th-place on its list of the largest cryptocurrencies.
Data from Coinglass showed that more than USD 1.6 million in LDO futures were liquidated between Sunday 8th January and Monday 9th January 2023. The majority (ca. 65 per cent) came from blow-off short trades.
The first week of January 2023 was a rewarding one for Lido Finance. LDO became the number one decentralized application when ranked by total value locked (TVL), knocking DAI creator MakerDAO out of the top spot.
