What is Overtake? Your Gaming Marketplace On-Chain

Overtake operates as a blockchain-based platform on the Sui network, enabling secure peer-to-peer trading of in-game assets such as items, accounts and currencies. 

The project uses its native TAKE token to power transactions, governance and rewards within a decentralized marketplace that bridges traditional Web2 gaming economies with Web3 technology. 

Recent market data shows TAKE trading at around $0.30 with a $53 million market cap and 177 million circulating supply out of 1 billion total, reflecting growing interest in gaming tokens on high-performance chains like Sui.

Key Takeaways

• Overtake leverages Sui's fast finality and low fees to cut trading costs by over 50% compared to legacy platforms.

• Multi-signature smart contracts provide trustless escrow, ensuring instant settlements without intermediaries.

• Upcoming features like fiat payments and customizable storefronts aim to onboard millions from Web2 gaming markets. 

• TAKE token drives ecosystem utility through staking, fees and governance decisions.

Overtake (TAKE) Origins and Core Mission

South Korea-based Overtake Labs emerged from pioneers in digital asset trading, addressing longstanding issues in the multibillion-dollar market for game items and virtual goods. 

Traditional platforms suffer from high fees reaching 20%, fraud risks in peer-to-peer deals and lack of true ownership, as centralized services control assets and resolve disputes opaquely. 

Overtake shifts this model to blockchain, where smart contracts automate secure transfers and verify ownership on-chain, allowing players to retain full control over value they create.

The Sui blockchain underpins this infrastructure with its object-oriented design and Move programming language, enabling scalable handling of unique assets like NFTs representing rare skins or in-game currencies. 

This setup supports parallel transaction processing for high throughput during peak trading, a key advantage for gaming where volumes can surge rapidly. 

By mapping game assets directly to on-chain states, Overtake ensures transparency and reduces settlement times to seconds.

Read also : Why OVERTAKE TAKE Is Surging 42% in October 2025: Top Gainer Explained

Overtake (TAKE) Marketplace Features and Products

At its heart, the Overtake Marketplace facilitates direct trades of Web2 game assets through on-chain escrow involving buyer, seller and platform signatures, releasing funds only when conditions match. 

This eliminates centralized risks, with AI tools assisting in dynamic pricing and fraud detection to enhance safety. Sellers can create TakeSHOP storefronts for branded listings shareable across channels, complete with payment integration and buyer reviews to build reputation.

TakePAY introduces fiat on-ramps, letting users pay with traditional currency while sellers receive crypto instantly, slashing cross-border friction and fees. 

Read also : How to Buy OVERTAKE (TAKE)

TakeCARD follows as a linked debit option for spending earnings directly, further blurring lines between crypto and everyday use. These tools target the $50 billion Web2 asset economy, onboarding non-crypto natives via zkLogin for seamless walletless entry on Sui.

Staking on Overtake locks TAKE for rewards, with recent V2 updates offering higher APR and events to boost participation, currently holding over 20% of supply. 

Gross merchandise value accrues fees at a fixed rate, partly burned or redistributed to stakers, creating token sinks that support price stability amid 1 billion max supply. Governance lets holders vote on parameters via Snapshot, fostering community-driven evolution.

Read also : How to Buy OVERTAKE (TAKE) on Bitrue Alpha: Ride the CoinGecko Top Gainer Wave

Overtake (TAKE) Token Economy and Market Position

TAKE serves as the utility token for all platform functions, from transaction fees to reward pools and emissions calibrated for sustainability. 

With fully diluted valuation near $300 million, the tokenomics emphasize demand through sinks like burns and sinks, balanced against faucets for liquidity. 

CoinMarketCap tracks 24-hour volumes exceeding $36 million across exchanges, underscoring liquidity as Overtake ranks among top Sui gaming projects.

Partnerships with Sui Foundation, Coinflow for payments and World for proof-of-human verification bolster credibility, as highlighted in recent media coverage. 

Open beta launched in August 2025, drawing users with 90% fee reductions versus Web2 rivals via Sui's parallel execution. 

Future SDK integrations promise third-party game support, expanding to verifiable player economies.

Regulatory compliance from Singapore base aids global reach, though U.S. listings await clarity. As gaming blockchain adoption rises, Overtake positions Sui as a leader in high-speed dApps, with analysts noting its focus on execution over hype.

Read also : OVERTAKE (TAKE) Airdrop Rewards: How to Claim Guide 2025

FAQ

What is Overtake?

Overtake is a Sui-based P2P marketplace for trading Web2 game assets like items and accounts via smart contract escrow for secure ownership.​

What is TAKE token?

TAKE powers Overtake's ecosystem for fees, staking rewards, governance and burns, with 177M circulating from 1B total supply at $0.30 price.​

How does Overtake ensure secure trades?

Multi-signature escrow on Sui verifies assets on-chain, with AI pricing and fraud tools reducing risks versus centralized platforms' 20% fees.​

What are Overtake's key products?

Marketplace for trades, TakeSHOP storefronts, TakePAY fiat-to-crypto and upcoming TakeCARD for spending earnings directly.​

Why choose Overtake over traditional sites?

Sui's low fees and fast finality cut costs 50%+, enable true NFT ownership and bridge Web2 gamers via zkLogin without wallets