Myria (MYRIA): Solid Tech, Great Team, Token Down 99% – What Went Wrong?
By BCGamer —
Tags: myria
Myria (MYRIA): Solid Tech, Great Team, Token Down 99% – What Went Wrong?
Look, I'll give Myria credit where it's due. The tech is actually legit. StarkWare partnership for ZK-rollups. Ethereum L2 security. Zero gas fees. 9,000 TPS. Team members from Ubisoft, EA, Riot Games, Activision Blizzard.
On paper? This should be one of the top blockchain gaming ecosystems.
In reality? The token is down 99% despite having functional games and working infrastructure.
Let's talk about what Myria actually is and why the token hasn't reflected the progress.
The Foundation (August 2022)
Myria launched its L2 in August 2022 with all the right ingredients. Founded in 2021 by Brendan Duhamel and Andrew Silber (CTO with 27 years at companies like Activision and Ubisoft), plus Ivan Fortunov, they assembled a team of 150+ people from gaming and crypto royalty.
The tech stack is genuinely impressive. StarkWare's ZK-STARK technology. Instant trade confirmation. Free NFT minting. Developer SDK that lets studios integrate blockchain without learning Solidity. By early 2023, they claimed 1.2 million registered users and 250+ third-party projects building on the platform.
All the pieces were there.
The Token Launch (April 2023)
MYRIA launched on OKX on April 6, 2023. Initial price around $0.008. The token pumped to an all-time high of roughly $0.017 in December 2023.
Then it did what almost every blockchain gaming token does. It collapsed.
Current price? Around $0.00008-0.0001. That's a 99%+ decline from ATH. Market cap sitting at roughly $3-5 million. For context, that's smaller than most shitcoin meme tokens.
50 billion max supply doesn't help. With 28-40 billion already circulating, there's not exactly scarcity driving demand.
The Games – Actually Playable Now
Here's where I have to give credit. Unlike many blockchain gaming projects that are perpetually "coming soon," Myria actually has playable games:
Metarush – Their flagship Fall Guys-style obstacle course game. Was in development since 2022, went through alpha in 2023-2024, and finally hit Open Beta in May 2025. Available on Epic Games Store and HyperPlay. Free-to-play with USDT rewards. Full launch expected 2025.
360 Cricket – AB de Villiers partnership. Beta launched July 2024 in India. Mobile cricket game that's actually playable and earning reviews.
Third-Party Games on Myria:
Boss Fighters – VR/PC multiplayer action game
Nitro League – Racing game
Billiards Clash – Pool game
So they DO have games. The ecosystem isn't empty. But here's the honest question: are these games moving the needle?
Metarush has potential – it's polished, free-to-play, and on Epic Games Store. That's better than 90% of blockchain games. But it took three years to get to open beta, and the token crashed before it arrived.
What Myria Gets Right
I'm not going to completely trash the project because they've done some things well:
The L2 actually works. Zero gas fees, fast transactions, StarkWare security. If you're a developer who wants to build a blockchain game without dealing with Ethereum's gas nightmare, Myria's infrastructure is genuinely useful.
Developer tools are solid. REST APIs, SDKs, the Developer Portal. They've made onboarding relatively painless compared to building on raw Ethereum.
Play-and-Earn philosophy. They correctly identified that Play-to-Earn's paywall problem was killing blockchain gaming. Metarush is supposed to be free-to-play with optional NFTs. That's the right approach.
Team pedigree is real. These aren't anonymous devs. The leadership has actual AAA gaming experience.
Node system. Myria Nodes for network security and token rewards. It's a reasonable decentralization model.
What Myria Gets Wrong
Slow development cycle. Three years from announcement to open beta for Metarush. In blockchain gaming, that's an eternity. The token launched in April 2023 with games still years away from playable states.
Token economics. 50 billion supply is enormous. The vesting schedule dumps tokens continuously. There's limited demand driver because player counts haven't hit critical mass yet.
Timing mismatch. Token launched before flagship games were ready. Investors bought the promise, got impatient waiting for delivery, and sold.
Marketing ahead of product. Celebrity partnerships (AB de Villiers), Epic Games Store announcements, constant AMAs and community events. The hype outpaced what was actually playable for too long.
The Current State (January 2026)
Let's be honest about where Myria stands:
Token Price: ~$0.00008-0.0001 (99%+ down from ATH of ~$0.017)
Market Cap: ~$3-5 million
Ranking: #1400-2500 depending on the day
Circulating Supply: ~28-40 billion of 50 billion
Flagship Game: Metarush in Open Beta (Epic Games Store, HyperPlay)
Other Games: 360 Cricket (mobile), Boss Fighters, Nitro League, Billiards Clash
L2 Status: Fully operational
Developer Tools: Functional, including new Myria AI integration
The infrastructure works. The games exist and are playable. The token price hasn't reflected any of it.
Does Myria Have Potential?
Yes, actually more than most projects at this price level.
They have working L2 infrastructure. They have games people can actually play. Metarush is on Epic Games Store – that's mainstream distribution most blockchain games never achieve. The team has AAA credentials. The free-to-play model is correct.
The question isn't whether Myria has potential. It's whether the token will ever reflect that potential.
At $3-5M market cap with functional games and working infrastructure, the valuation seems disconnected from fundamentals. But blockchain gaming tokens often trade on hype cycles, not product quality.
Should You Buy MYRIA?
I'm not your financial advisor, but let me frame it this way:
Bull case: Working L2, playable games on Epic Games Store, experienced team, correct F2P philosophy, infrastructure ready to scale. At 99% down from ATH with actual products live, risk/reward could favor the patient.
Bear case: Three years of development and the token still crashed 99%. Massive token supply with ongoing unlocks. Player adoption hasn't hit critical mass. Market has consistently sold every bounce.
My take: Myria is actually further along than most blockchain gaming projects. They have what others only promise – working tech, playable games, mainstream distribution. The token price doesn't reflect this, which is either an opportunity or a sign that the market knows something we don't.
If you believe web3 gaming will eventually have its moment, Myria has positioned itself reasonably well. The infrastructure is there. The games are there. What's missing is mass adoption and a token price that cares.
The Bottom Line
Myria has done more than most blockchain gaming projects. StarkWare tech. AAA gaming veterans. Proper L2 infrastructure. Games actually playable on Epic Games Store.
And the token still crashed 99%.
That's either a massive disconnect between value and price, or a sign that having good tech and decent games isn't enough in this space. Maybe both.
Metarush is in open beta. 360 Cricket is live. The infrastructure works. Third-party games are building on Myria. By most measures, this is a functioning ecosystem.
But the token trades like a failed project at $3-5M market cap. That's the puzzle.
Is it undervalued because the market hasn't noticed the progress? Or is web3 gaming just not ready for prime time regardless of how well-executed the project is?
I don't have a definitive answer. What I can tell you is that Myria has done the work. Whether the market will ever reward that work is a different question.
That's the honest assessment.
This is not financial advice. Always DYOR.