Bubble
Beam BEAM
Beam (BEAM) was trading at $0.0015, ranked #314 by market cap at $79.15M, with 24h volume of $5.50M.
Data snapshot: 2026-09-02 12:15 UTC.
Beam is a gaming network built by Merit Circle, one of the largest play-to-earn guilds of the 2021 cycle, which pivoted from renting NFTs to players toward publishing and supporting games directly. It runs as an Avalanche subnet, giving its games a dedicated chain with their own fee token rather than competing for block space. Beam is a gaming-focused network within the Merit Circle ecosystem, which began as a guild investing in play-to-earn assets and repositioned towards publishing and infrastructure after that model's economics broke down. That pivot is the interesting part of its history: it is one of the few projects in this sector that changed direction rather than continuing with a model that had stopped working. On this map BEAM sits in the gaming group with the volatility typical of it.
What is Beam?
A gaming-focused network providing infrastructure and publishing support for games within the Merit Circle ecosystem.
What did Merit Circle start as?
A gaming guild that acquired play-to-earn assets and lent them to players. It repositioned towards publishing and infrastructure after that model's economics deteriorated.
Why does that pivot matter?
Few projects in this sector changed direction when their original model stopped working. Doing so is evidence of governance actually functioning.
What is BEAM used for?
Transaction fees and staking on the network, and participation in its ecosystem.
Market cap decides how big a bubble is drawn, so rank is what places BEAM on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #109 | Pudgy Penguins (PENGU) | $383.93M |
| #241 | The Sandbox (SAND) | $112.29M |
| #297 | GALA (GALA) | $85.81M |
| #314 | Beam (BEAM) | $79.15M |
| #347 | SuperVerse (SUPER) | $68.71M |