Splinterlands' governance coin SPS is ranked 564th by Coinmarketcap's total market cap. Hive is in 164th place in this ranking.
Two main criticisms can be made about the ranking based on the total value of coins or tokens in circulation. The first is that NFT values are not considered in this ranking. The second is that networks are treated based on individual coins or tokens rather than as ecosystems. For example, when calculating the size of the Splinterlands economy, many NFTs and token types need to be considered. If the calculation was done on an ecosystem basis, Splinterlands would be much higher in the ranking.
Splintershards(SPS)
Splintershards(SPS), the governance token of Splinterlands, is the primary digital asset of the ecosystem. The number of SPS in circulation is 1,020,530,030. According to Splinterlands, the market cap of SPS is $29,491,378.
Dark Energy Crystals(DEC)
Splinterlands' stablecoin, Dark Energy Crystals(DEC), was designed to be $1 per 1,000. According to the Splinterlands site, there are 25.4 billion DECs in circulation. DEC's market cap is $4,814,683 at the time of this writing.
Card Market
Four card sets have been released so far in the Splinterlands ecosystem. The adventure started with the Alpha set. Then came the Beta and Untamed sets. And we are still in the era of the Chaos Legion cards. Cards can be in two situations in the market. Inside or outside of card packs. We can track cards that have been opened and are still valid on the card market. According to the Splintercards site, the total value of cards in circulation is $83,284,930. Therefore, the real economic size is formed on the cards.
Chaos Legion and Riftwatcher Card Packs
According to Splintercards, there are currently 3,276,000 Chaos Legion card packs in circulation. The total value of these card packs is $6,912,360. The circulating number of Riftwatchers card packs is 170,520. The total value of Riftwatchers card packs is $755,779.
Alpha, Beta, Dice, Untamed Card Packs
According to Tribaldex, the total market capitalization of Alpha, Beta, Dice, and Untamed card packs is $833,041, $853,987, $115,907, and $649,976, respectively.
Splinterlands Tower Defense Nightmare Pack
The sale of Tower Defense game packages, which are still in the alpha version, continues. To date, 376,629 packages have been sold. The total market value of the packages in question is $937,053.
Vouchers
Vouchers token, which provides various discounts in the Splinterlands ecosystem, has a market capitalization of $366,576, according to Tribaldex.
SPS Validator Node License
The Splinterlands team is very creative in creating digital assets. The validator node licenses of the newly created SPS side chain constitute a significant financial size. To date, 5007 validator node licenses have been sold. The total market value of these licenses is $5,157,210.
Splinterlands Land Plot
There are 100,000 land plots in the Splinterlands ecosystem. All of these have been sold to investors. Today, the market cap of Land plots stands at $ 15,500,000.
Totems
Totems, one of the exotic digital assets of the Splinterlands ecosystem, will become functional within the scope of the land project. There are four types of wards: common, rare, epic, and legendary. According to Tribaldex data, the total market value of the totems is $1,549,000.
Genesis League Goals Tokens
The Splinterlands team started working on Genesis League Sports in the summer of 2022, with an agreement with The Major League Soccer Players Association. Last week, the infrastructure enabling investors to open card packages was completed. As part of Genesis League Sports, digital assets such as GLX, GLUSD, and GLGT corresponding to SPS, DEC, and Vouchers in Splinterlands were created. The digital assets in question have reached significant amounts of money. According to data from Genesis League Goals, the market values of GLX, GLUST, and GLGT stand at $2,501,754, $328,885, and $32,415, respectively. Also, the total value of Genesis League Goals Card Packs sold to date is $1,908,713.
The Surprising Truth
When we add the above figures, we find the total digital asset size of the Splinterlands ecosystem as $155.8 million. When we add HBD's value of 11 million to the $197 million market value of Hive, we arrive at $208 million. It is possible to interpret the total market values of Hive and Splinterland in two ways.
First of all, since Splinterlands is part of the Hive ecosystem, the Hive economy has grown far beyond the value of the Hive coin. It is also surprising that the total value of Splinterlands assets has reached 79% of Hive coin's value.
Conclusion
Each of the numbers I have listed above results from the development work done. The Splinterlands ecosystem continues to grow rapidly despite the bear market. The next bull market may reveal more surprising results.
Thank you for reading.
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