Efinity EFI crypto surged by 120% on July 13, contributing to a weekly gain of over 700%, driven by demand stemming from Enjin BeamBlitz and open-sourcing of documentation.
The overall crypto market cap has surpassed $3.8 trillion, with Bitcoin leading the rally by reaching milestones such as $120,000, $130,000, and $150,000 as capital inflows continue.
Efinity, powered by Polkadot technology, focuses on NFTs and Web3 gaming, overcoming Ethereum's scalability issues during the DeFi and NFT boom.
Enjin's integration with Efinity in 2023 fueled the EFI crypto rally, creating a unified ecosystem for NFTs and gaming, supported by initiatives like the BeamBlitz campaign and open-sourcing of documentation.