Seraph, the dark fantasy ARPG designed for Web3 players, has unveiled the performance results of Seraph Season 3 (S3) and the game’s successful debut on Binance Alpha, marking a significant milestone in the project’s growth and Play-to-Own ecosystem expansion.
Launched in tandem in July 2025, Seraph S3 introduced major upgrades to gameplay mechanics and the economic model, coupled with a strategic Alpha listing that opened the door to a wider Web3 audience. Key highlights include:
Player Activity & Growth: S3 recorded nearly 30,000 active players, with Web3 adoption rising as users migrated from Steam. The new zero-cost entry model and generous player rewards significantly boosted engagement and retention.
Token Economy & Monetization: The switch to $SERAPH as the in-game currency deepened token utility and deflationary dynamics. Total top-ups across all seasons exceeded $650K USDT, while S3 saw the highest-ever token consumption and reward distribution:
7.86M $SERAPH distributed, estimated value of $1.18M USDT
5.48M $SERAPH consumed, estimated value of $822k USDT
On-Chain Impact: Over 1.1M active users and 5.87M transactions positioned Seraph among the top 5 Dapps on BNB Chain and opBNB, with vibrant trading activity and growing DeFi integration.
Binance Alpha Performance: Following the June 9 listing, $SERAPH achieved a peak price of $0.204 and $68.8M daily volume. It ranked top 3 on the Alpha charts four times, and on-chain TVL peaked at $2.46M. A responsive buyback strategy amid volatility reinforced market confidence and price recovery.
Incentive Campaigns: Over 500,000 $SERAPH was distributed via LP staking, while a 54,239 $SERAPH + 812 USDT trading rebate pool rewarded high-frequency traders. A second phase of gamified incentives is now live.
Ecosystem Expansion: New features such as Mercenary NFTs, NFT auctions, and asset recycling have enhanced gameplay flexibility and lowered entry barriers, while staking and auction mechanisms added new layers to the game economy.
The launch of S3 and Binance Alpha marks the first full-cycle integration of gameplay, on-chain trading, and DeFi incentives. While risks around user retention, incentive reliance, and gameplay complexity have surfaced, the team is implementing robust strategies for optimization, including more advanced PvP content, user segmentation, and UI/UX improvements.
Season 3 brings new Mercenary NFTs, a revamped free-to-play structure, and a massive prize pool of 5 million $SERAPH tokens. With fresh gameplay and stronger incentives, Seraph continues to build on its momentum and shape what on-chain gaming looks like in 2025.
With a foundation built on transparency, asset ownership, and long-term utility, Seraph is entering a new phase of sustainable blockchain gaming, where players truly own what they earn.
