In 2021, Splinterlands (SPS) was launched as a new cryptocurrency governance token, aiming to address the need for high-level decision-making ability and product control for player groups, asset owners, and other stakeholders in the gaming ecosystem.
As a governance token integrated into the Splinterlands game, SPS plays a crucial role in the gaming and blockchain sectors.
As of 2025, Splinterlands has become an integral part of the blockchain gaming industry, with 44,029 holders and an active community. This report will analyze its technical architecture, market performance, and future potential.
Splinterlands (SPS) was created in 2021 to provide a high level of decision-making ability and product control for player groups, asset owners, and other stakeholders in the Splinterlands game ecosystem.
It emerged during the blockchain technology boom, aiming to revolutionize gaming governance by empowering users with more control over the game's development and economy.
Splinterlands' introduction brought new possibilities for blockchain-based gaming and player-driven ecosystems.
With the support of its community and the Splinterlands team, SPS continues to optimize its governance model and expand its applications within the game ecosystem.
Splinterlands operates on a decentralized network of computers (nodes) worldwide, free from control by a single entity. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, granting users greater autonomy and enhancing network resilience.
Splinterlands' blockchain is a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes, forming a secure chain. Anyone can view the records, establishing trust without intermediaries.
Splinterlands uses a consensus mechanism to validate transactions and prevent fraudulent activities such as double-spending. Participants maintain network security through activities like staking or running nodes and receive SPS rewards for their efforts.
Splinterlands uses public-private key encryption to protect transactions:
This mechanism ensures fund security while keeping transactions pseudonymous.
As of November 23, 2025, Splinterlands (SPS) has a circulating supply of 489,718,725.3536008 tokens, with a total supply of 1,327,940,171.157851. The maximum supply is capped at 3,000,000,000 tokens, indicating a deflationary model.
SPS reached its all-time high of $1.065 on July 28, 2021, likely driven by the overall crypto market bullish trend and increased interest in play-to-earn gaming platforms.
Its lowest price was $0.00414734, recorded on August 5, 2024, possibly due to broader market corrections or specific challenges in the gaming token sector.
These fluctuations reflect market sentiment, adoption trends, and external factors affecting the gaming and crypto industries.
Click to view the current SPS market price

Splinterlands' ecosystem supports various applications:
Splinterlands has established partnerships with Binance Smart Chain, enhancing its technological capabilities and market influence. These partnerships provide a solid foundation for Splinterlands' ecosystem expansion.
Splinterlands faces the following challenges:
These issues have sparked discussions within the community and market, also driving continuous innovation for Splinterlands.
Splinterlands' community is vibrant, with 44,029 holders as of November 23, 2025.
On X platform, related posts and hashtags (such as #Splinterlands) frequently trend, with monthly post volumes reaching significant numbers.
Game updates and tournament events ignite community enthusiasm.
Sentiment on X presents a polarized view:
Recent trends show generally bullish sentiment during game updates and tournaments.
X users actively discuss Splinterlands' token economics, gameplay strategies, and future developments, showcasing both its revolutionary potential and the challenges in mainstream adoption.
Splinterlands is redefining digital gaming through blockchain technology, offering play-to-earn mechanics, NFT integration, and decentralized ownership. Its active community, rich resources, and strong market performance make it stand out in the cryptocurrency and blockchain gaming space. Despite facing challenges like market volatility and gameplay balance, Splinterlands' innovative spirit and clear roadmap position it as a significant player in the future of decentralized gaming technology. Whether you're a newcomer or a seasoned player, Splinterlands is worth watching and participating in.
If someone has SPS, it means they own SPS tokens, which are the native cryptocurrency of the Splinterlands blockchain game. These tokens can be used for governance, staking, and in-game purchases.
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SPS stands for Splinterlands, a popular blockchain-based trading card game. It's the governance token of the Splinterlands ecosystem, used for voting and earning rewards.
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