Gala Gaming Token Jumps After GalaSwap Exchange Launches With Trading Rewards

GALA, the token of the Gala gaming and entertainment ecosystem, skyrocketed in price Tuesday following the launch of GalaSwap, a decentralized exchange (DEX) running on the new layer-1 GalaChain network that offers rewards to traders.

According to data from CoinGecko, GALA jumped from a price of about $0.033 before the news was announced Tuesday morning to a recent high of $0.042 six hours later, marking a 27% rise in that span. As of this writing, the price has settled to just above $0.039, still representing a 17% climb over the past 24 hours.

Tuesday’s high price represents a 10-month peak for GALA, which last popped above the $0.04 level back in April 2023. GALA is now up almost 70% over the past 30 days, though it remains down substantially from its all-time peak of $0.82 set in 2021.

GALA is one of many gaming tokens that have seen substantial jumps in recent weeks as the broader cryptocurrency market recovers. Bitcoin’s recent gains, which culminated in topping a price of $61,000 on Wednesday morning for the first time since 2021, has helped propel other gaming tokens as well.

Crypto Gaming Firm Gala Launches GalaSwap Exchange With Token Rewards

Blockchain gaming and entertainment firm Gala (aka Gala Games) announced Tuesday that it has launched GalaSwap, a new decentralized exchange (DEX) built on the firm’s own proprietary network, GalaChain. Gala claims that the DEX can handle upwards of 2 million transactions per second due to the layer-1 chain’s horizontal scaling approach, with some 43,000 user-operated nodes currently supporting the network. The firm also claims lower fees than decentralized exchanges on general purpose chains li...

The IMX token of the Immutable gaming network, for example, is up 76% over the past month and has entered the top 25 overall cryptocurrencies by market cap according to CoinGecko. The BEAM gaming token is up 95% over the past 30 days, as well, while the Illuvium game’s ILV token has climbed 68% in the same span.

In the case of GALA, however, the biggest jump came immediately after news that GalaSwap had launched, offering what the company says are fast, low-cost trades on its GalaChain layer-1 network. Furthermore, the DEX offers trading rewards for users, as well as referral incentives for bringing in additional users.

Champions Arena Is an Addictive Mobile Battler With Crypto Rewards

Champions Arena, a free-to-play, turn-based role-playing game (RPG) with optional NFTs, launched to the public on mobile and PC this week, offering players a fun and mobile-first experience with a colorful cast of characters. Developed by OneUniverse/Uniflow and published by Gala Games, Champions Arena is now fully released for iOS on the App Store, for Android on the Google Play Store, and for PC users via Gala Games’ launcher on its website.  Champions Arena is addictive, with a solid core gam...

Gala is the publisher behind such games as Champions Arena and Legacy, and also operates music and film divisions.