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Heroes of Mavia (MAVIA) token price has remained in a consolidation phase even after several important events in the ecosystem. The coin retreated to a low of $6.50 on Monday, about 32% below its highest point level this month. This decline has brought its market cap to over $196 million.
Heroes of Mavia, one of the fastest players in the games in the blockchain industry, has made several headlines in the past few months. In February, the company decided to embrace Base, the layer-2 network by Coinbase, as its blockchain of choice. They believe that Base has superior speeds and low transaction costs.
2) Speed and Cost@base transactions are fast and low-cost.
— Heroes of Mavia (@MaviaGame) February 27, 2024
Gas costs will be reduced 10-100x further with the upcoming integration of EIP-4844.
Fast transactions and low gas fees are critical for our in-game Ruby marketplace (Mavia sponsors all gas fees inside the game).
The most recent Heroes of Mavia news was that the network integrated with Chainlink, the biggest oracle network in the industry. This integration will ensure that the Ruby exchange will have accurate rates for marketplaces. It also recently integrated with Stargate Finance.
Most importantly, Heroes of Mavia announced that it will bring the biggest update in the ecosystem this week. In most cases, cryptocurrencies tend to rally ahead of a major updates, which introduce new features in the ecosystem.
Mavia's biggest game update ever is coming next week.
— Heroes of Mavia (@MaviaGame) March 16, 2024
Troop and economy rebalancing, battle replays, revenge mode, bulletin board and more!
Get ready to level up 👑 pic.twitter.com/VgTtTibrEx
Heroes of Mavia has become one of the fastest-growing gaming platforms in the industry. Data shows that it has gained millions of users in the past few months. It has had over 25 million battles in the ecosystem while the number of downloads has jumped to more than 3 million.
Heroes of Mavia is a game that is aiming to become a leading player in the gaming industry. It is similar to Clash of Clans, one of the biggest games globally. Users play and earn rewards known as MAVIA, which they can exchange for fiat currencies.
Blockchain gaming is not a new industry. In the early days, the most popular gaming platforms were the likes of Axie Infinity, Decentraland, and Sandbox. While these platforms gained popularity in their earlier days, they almost moved into the abyss during the last crypto winter as their tokens plunged. Analysts expect that the industry will continue growing in the next few years. A report estimates that the industry will grow from $154 billion in 2023 to over $641 billion in 2030.
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