Beam’s 149% Run, the $160M Treasury and an MMO We Couldn’t Join: JRPG Crypto Games Podcast

On this episode of the JRPG Crypto Games Podcast, Colorado and July from the JRPG team look at Beam, the biggest-moving gaming token of October 2026. BEAM rose 149% in October and 289% over three months. It is up 13% for the year, while most gaming tokens have lost 75% or more. Beam also says its treasury is worth $160 million, and only $25 million of that has been explained.

July tried the four games we found on the Beam chain: an MMORPG whose only server July could not reach, a mobile racer with real-world cars, a Brawlhalla-style 2v2 brawler and a paid Mario Party-style board game. We also check what our on-chain monitor shows about who is actually using Beam, and it is not much.

Who’s on the show

• Colorado hosts the show
• July from the JRPG team, tried the Beam games for this episode

Beam by the numbers

• +149% for BEAM in October, the biggest gain of any gaming token that month
• +289% over the last three months
• +13% for the full year, while most gaming tokens are down 75% to 90%
• $160 million in treasury value, according to Beam’s October 23rd announcement
• $25 million of that treasury is Beam’s own token. The other $135 million was not explained
• About 1% of the outstanding supply burned from tokens tied to the Binance exploit
• 5 or fewer new wallets per day in any Beam game, per our on-chain monitor
• $220 million market cap when we checked, ahead of Axie Infinity

In this episode

• 00:00 Beam, October’s biggest gaming token
• 01:30 The token burn and the $160 million treasury
• 02:40 What our on-chain monitor shows
• 04:11 Dremica, an MMORPG we couldn’t connect to
• 05:46 Formacar Action, mobile racing with real cars
• 07:31 Gladiator Mayhem, a Brawlhalla-style 2v2
• 08:51 Forgotten Playland, a Mario Party-style board game
• 10:05 So what’s driving Beam’s price?

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Full transcript

This transcript has been lightly edited for readability. Speakers are Colorado and July from the JRPG team.

Beam, October’s biggest gaming token (00:00)

Colorado: Hello, and welcome to another episode of the JRPG Crypto Games Podcast. Today we’re talking about the number one biggest-moving token in the gaming sector for the month of October, which is Beam. The token was up 149% in October, but it’s actually been on a longer-term uptrend. For the last three months, it’s up 289%.

And this year, most tokens are down really bad, like 80%, 90%, 75%. As a whole, most of the gaming tokens are doing terrible this year. So Beam for the full year is up 13%. That doesn’t sound as impressive as the last three months, but considering how bad everything else is doing, that’s a pretty huge move.

So when we look at their website, they mention games, but I don’t know if they’ve done an AI pivot or if they were always doing a couple of different things. AI is at the forefront. They say, “We’re all about AI and trading.” I’m not sure what exactly that means. I didn’t see exactly what they’re doing with AI or trading.

The token burn and the $160 million treasury (01:30)

Colorado: The only other news we got out of them was an announcement towards the end of the month that they had burned some tokens that were part of the Binance exploit. But the amount of tokens they burned was something like 1% of the total tokens outstanding, so I don’t think that’s what did it.

There was also an announcement on October 23rd. Now granted, this is an announcement from the company. We didn’t check this, and there was no clarification on these numbers. But they said their treasury has a value of $160 million.

When I saw that, I was like, well, what’s in the treasury? Is it cash? Is it gold? Is it something? And the only thing they clarified is that there’s $25 million worth of their own token, Beam. So maybe they bought back some. But what the other $135 million is, there was absolutely no clarification whatsoever. So I’m just not sure what that means.

What our on-chain monitor shows (02:40)

Colorado: We have our own monitor, which we just started publishing on our website, where we track on-chain activity for all of the tokens and all of the games we cover. We don’t cover the other stuff that everybody else does, but for gaming we’ve got all of the on-chain activity.

So if you take a look at what’s been happening with Beam, you can see that there is some activity going on as far as wallets connecting and trading, but it’s just a few per day. And if you look at the bubble map and you see the relationships, you can also see that…

What a healthy bubble map looks like is that when one of the wallets connects to the chain, it also connects to a bunch of other games, and they’re people who are actively trading. That’s what a healthy user bubble map looks like. With Beam’s wallets, the only thing they’ve interacted with is Beam.

So on the positive side, I could say that they’re not creating a bunch of fake bots and inflating their numbers with millions of wallets. But on the negative side, there’s very little activity in all of their games. Nothing had more than five wallets generated per day. It was like one or two. Just really low overall numbers.

Dremica, an MMORPG we couldn’t connect to (04:11)

Colorado: So let’s talk about their games. July, tell me about Dremica.

July: All right, so Dremica is the first game I checked out that’s connected to the Beam token… no, the Beam chain. It’s an MMORPG, and it looks kind of Fortnite-like in terms of style. There are a few videos of gameplay you can watch online.

I tried to play it and made a registration. You can get it from the game launcher for free, so at least the barrier to entry is really low. And I couldn’t play it, unfortunately. They only have a North America server, and I could not connect to it. I don’t know if they had more before and trimmed down or something, but that’s all that was left. I tried a few times and could not connect.

Presumably they have NFTs in the game, or items in the game that correspond to NFTs on the Beam chain. They have some consumables and resources you can get in the game, and that’s how it’s connected to the Beam chain.

Colorado: So Dremica is made in Unreal Engine, and I saw the video trailer for it. It’s an unlisted video. They don’t actually have it on the main YouTube, but from what I could see, the video had 300 views, no likes, no comments. Where did you get the game from?

July: Epic Games Launcher.

Colorado: Oh, it’s on the Epic Games Launcher. Okay.

Formacar Action, mobile racing with real cars (05:46)

Colorado: Okay, so they also had a racing game.

July: Yes, it’s called Formacar Action. It’s a multiplayer racing game, which I played on Google Play. I think it’s only on Google Play. I didn’t find it on iOS.

You can race cars that look a lot like real-life cars I’ve seen around, like E36 BMWs or A4 Audis, some older models from the early 2000s and late 1990s.

It controls pretty well. It looks decent enough. It won’t blow your mind or anything, but it looks fine. They have pictures of real scenery as the background, so if you don’t look too hard, you can’t tell that it’s a billboard. It looks pretty good.

I didn’t actually get to play with any people, but at least I got to play. It was fun. I mean, I suck at it, but it was all right. I’ve always sucked at mobile racing games. So I assume it can be fun against actual people, if you have a friend group you play with, or if you’re good and competing against people who are actually good. That could be fun.

The game is connected to the Beam chain, again, by NFTs. You have cars and parts for the cars for upgrades, which are NFTs on the Beam chain. And they have an FCG token, which I’m not sure how exactly it’s connected to the game.

Colorado: FCG. Formacar Action token, then.

Gladiator Mayhem, a Brawlhalla-style 2v2 (07:31)

Colorado: All right, what about their Gladiator game?

July: All right, that one’s called Gladiator Mayhem. It’s a 2v2 game, so you play with two characters versus two characters, but realistically it’s you and a bot that plays for you.

Colorado: And what platform is this one on?

July: Google Play and iOS. I played it through Google Play.

So it’s you and your bot versus someone else and their bot, or against two bots. It looks and feels and controls a lot like Brawlhalla, which will be very familiar to a lot of people. It’s very charming, very cool looking, and it functions really well for me.

But I mean, it’s not as fun as Brawlhalla. That one has a lot more people and a lot more items. It’s a lot more polished and runs very smoothly. This one has a bit more waiting, and it’s a bit more clunky. You have a reward track where you get coins and stuff, but it’s nice. I can imagine people would actually like that game if there’s enough of a community to play.

That one is connected to the Beam chain through Forge Keys. Forge Keys are NFTs on the Beam chain, and I don’t know if you get them through the game or on other markets, but you get rewards in the game for holding those keys.

Forgotten Playland, a Mario Party-style board game (08:51)

Colorado: Okay. And there’s one last one. What’s the last one?

July: The last one is a Mario Party-style game. It’s called Forgotten Playland. It actually looks pretty sick. I really like this.

Colorado: Is it fun?

July: I didn’t get to play it. You have to pay for that one, and I wasn’t… It’s a paid game. Yeah, it’s like 10-something euros, I think.

Colorado: Okay, so you’ve got to pay with real money, and then the blockchain.

July: Yeah. I wasn’t gonna… I didn’t have a lot of time to play it before this podcast, so I didn’t put the money in. But I watched some videos, and it looks very nice. It has a kind of patchwork, doll, LittleBigPlanet type of style.

And it’s a Mario Party game. So you and a bunch of friends online, or you can probably play hot seat, I haven’t checked, go around a board game-style board. You each have your little characters, and you roll dice, move around the map, and play mini games and compete in them to get points. You score higher points to win the match. It looks very cool. It’s on Steam.

It’s connected to the Beam chain through cosmetics, which are NFTs, and they also have some token on Beam, which from what I can tell you can’t really earn in the game. I don’t know how it’s related either.

So what’s driving Beam’s price? (10:05)

Colorado: Well, there’s a bunch of tokens on Beam.

July: Of the four games I tried, two had tokens that are on Beam.

Colorado: Okay.

July: The racing game and the Mario Party game.

Colorado: Wow. So those are the games that are on Beam. And this is the number one performing token for the last month. From everything we could see as far as the activity in the games, it’s just not clear what’s driving this move.

And to put this move in perspective, their token’s market cap, when I checked a day or two ago, was $220 million. It’s surpassed Axie Infinity and all the leading companies in the space.

So from what we could see from the games, and from what users are actually doing on the blockchain, if there is something driving this, it’s not the activity in the games. If we find out what it is, we’ll let you know. But that’s all we’ve got for today. Thank you, everybody, for listening.

July: Thank you. Bye.

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