Market Report: Overview of the top 5 cryptocurrencies by gain on January 27, 2026, with Axie Infinity leading the gains.

Gate News Bot Message, January 27, 2026, according to CoinMarketCap market data, the cryptocurrency market continues to fluctuate, with notable performance in GameFi, DEX derivatives, and DeFi sectors. The following are the top five cryptocurrencies by 24-hour gain:

1️⃣ AXS (Axie Infinity) 📈 Current Price: $2.65 | Change: +34.19% 📊 24H High/Low: $2.74 / $1.89 | Market Cap: $448 million 💡 Driven by an upgrade to the economic model, the project launched the bAXS utility token mechanism, which can be used within Axie Core and staked for yields, improving token utility and ecosystem locking structure. Meanwhile, the GameFi concept regained investor attention in early 2026, with established IP projects becoming the preferred choice, boosting market sentiment.

2️⃣ HYPE (Hyperliquid) 📈 Current Price: $25.43 | Change: +13.85% 📊 24H High/Low: $25.47 / $21.88 | Market Cap: $7.682 billion 💡 The growth is supported by the prosperity of the Perp DEX ecosystem. Under Hyperliquid’s HIP-3 mechanism, open interest on perpetual contracts surpassed $790 million, reaching a new high, driven by a trading boom. The platform’s trading activity continues to lead the industry, with whales actively participating, pushing up token value and recognition.

3️⃣ CHZ (Chiliz) 📈 Current Price: $0.56 | Change: +10.89% 📊 24H High/Low: $0.57 / $0.504 | Market Cap: $581 million 💡 The sports + blockchain concept is warming up. As a leader in the sports fan token ecosystem, Chiliz has attracted capital inflows amid improved market sentiment and accelerated digitalization of the sports industry, with the fan economy ecosystem value being reassessed.

4️⃣ RIVER (River) 📈 Current Price: $83.28 | Change: +10.29% 📊 24H High/Low: $87.79 / $72.92 | Market Cap: $1.632 billion 💡 Institutional capital and multi-chain strategic partnerships strengthen the foundation. Justin Sun invested $8 million, TRON DAO secured $12 million in strategic financing, and Sui ecosystem collaborations were announced. The stablecoin ecosystem based on chain abstraction is optimistic, and the launch of DeFi yield product Smart Vault further attracts institutional participation.

5️⃣ PUMP (Pump.fun) 📈 Current Price: $0.27 | Change: +8.57% 📊 24H High/Low: $0.27 / $0.24 | Market Cap: $967 million 💡 Ecosystem transformation signals boost market expectations. Pump.fun announced the launch of a $3 million Pump Fund investment fund, marking a shift from pure Meme coin trading to an entrepreneurial ecosystem. Twelve selected teams each received $250,000 in funding, leading to a revaluation of the project’s long-term value and positive market outlook on ecosystem upgrades.

📊 Market Summary: The market today showed sector rotation, with GameFi, derivatives DEX, and DeFi sectors advancing simultaneously. Large institutional investments, ecosystem financing news, and economic model upgrades collectively increased market risk appetite. Investors should watch for the upcoming unlocking of $218 million worth of HYPE tokens and systemic risks in high-leverage derivatives markets.

⚠️ Risk Warning: The above data is for reference only and does not constitute investment advice. Cryptocurrency markets are highly volatile. Investors should carefully assess risks before making decisions and avoid blindly chasing highs or using high leverage tools.