Mapping crypto casinos to their launch dates on the total crypto market cap chart
What the chart shows:
Half of the now-big players launched way back. The OGs - Stake, Roobet, BCGAME, Gamdom - still do approx. 70% of deposit volume in the space. Stake alone is responsible for roughly half of all on-chain tracked volume and is clearly still leading the market.
But the new wave is already here:
- Winna & Rainbet both launched end of 2024. Today everyone knows Rainbet, and Winna is already a top 10 crypto casino
- Duel launched 10 months ago and is already top 6
- Thrill is one of the bigger names despite launching only a few months back
Shuffle is the clearest story. A solid number 3 for nearly a year now - and it looks like it launched at the perfect time, right in a bull phase, which probably fueled a lot of that early growth. For context: just holding bitcoin in your hot wallet over that same window would've 3-4x'd you while launches like Winna & Thrill pretty much marked the top
Which makes sense when you remember how this space actually works: people make money off newbies and VCs pumping fresh money in before the next 'rug' or exit liquidity event. But once crypto people aren't busy battling each other and just play the 24/7 wealth inbreeding like one big family from Alabama, bull markets are good for everyone - suddenly everybody's rich on paper, right up until the bubble bursts and everyone's suicidal again (2017, 2021). 2024 already felt less exciting - BTC dominance back at 60%, everyone underexposed on bitcoin, overexposed on garbage alts.
tldr:
the old players still 'own' the space and made a fortune just holding their own coins - but the last 18 months brought real competitors, and now with Dicey, Degen & LIQD experienced operators are entering too.
Let's see how this chart and the total market cap look in 12 months - then we come back with updated numbers.