Aavegotchi
GHST
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
GHST (Aavegotchi) is an established onchain gaming and NFT ecosystem governed by AavegotchiDAO and developed by Pixelcraft Studios. The project possesses sound fundamental foundations, including fixed tokenomics post-bonding curve closure (~97% circulating supply), a clean audit record with EtherAuthority and CertiK, and a public, credentialed development team. However, the project faces severe market headwinds, with GameFi engagement dwindling and the token experiencing a 98-99% unrecovered price drawdown to a microcap valuation of ~$2.4M with minimal liquidity. Furthermore, the overall score is subject to the red-flag cap due to affirmative hostile exchange delistings within the past 24 months, specifically: 'Exchange delistings in 2026 occurred, with OKX Singapore removing GHST trading pairs on 13 March 2026, following similar actions by Binance and CoinW earlier in 2026.' This caps the weighted average score of 5.48 down to 5.0.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Aavegotchi (GHST)
GHST is the native utility and governance ERC-20 token of Aavegotchi, an onchain gaming and non-fungible token (NFT) protocol developed by Singapore-based Pixelcraft Studios and governed by AavegotchiDAO. The project combines decentralized finance (DeFi) mechanisms with collectible gaming, allowing playable avatar NFTs to be collateralized with interest-bearing aTokens. The GHST token is deployed across Ethereum, Polygon, and Base, and functions as the ecosystem's primary currency for in-game assets, DAO voting participation, and rarity farming rewards.
Originally launched with a DAI-backed bonding curve, the protocol executed governance proposal AGIP-64 to close the bonding curve and fix the total supply at 52,747,802 GHST, with roughly 97% of the supply in circulation. The project has undergone multiple structural adjustments, including migrating components from Polygon to Base, re-minting NFTs, shutting down its custom Geist chain, and initiating a staged handover framework to transition treasury, intellectual property, and operational management from Pixelcraft Studios to AavegotchiDAO. Third-party security evaluations include a passed audit of the Base contract by EtherAuthority in June 2024 and an assessment by CertiK.
The project faces significant market and operational challenges. Following the broader contraction of the GameFi market after 2021, GHST experienced an unrecovered price decline of approximately 98% to 99% from its all-time high of $3.63 down to roughly $0.045–$0.048, reducing its market capitalization to the microcap tier with low trading volume. In 2026, the token was subject to several exchange delistings, including removals from Binance, CoinW, and OKX Singapore. Additionally, development has shown roadmap slippage on milestones such as the Gotchiverse Grid Expansion and GHST Staking 2.0.