The newly launched gaming token $ARENA has quickly gained traction, achieving a market cap of approximately $110 million within a day of its debut. The token's value surged by 200%, with 61.5% of the claimed tokens already staked. This rapid growth follows a successful airdrop event on the platform, which has attracted over 3,000 new accounts in just 24 hours. In contrast, $FRIEND, another token in the same space, has seen a decline in interest. The backing from Seedify and the active staking of around two-thirds of the total unlocked supply indicate strong community engagement and confidence in the platform's future. The Arena team has hinted at further announcements in the coming week, suggesting ongoing developments in the platform's ecosystem.