Liquid Labs: Games · Built for Solana · Investor brief

Top Blasters by the numbers

Engineering velocity, platform scale, a SWOT analysis and the competitive landscape. Internal figures come from our own repository and production systems. Every external figure links to its source.

Figures as of 1 November 2026

Engineering velocity

From first commit to 128 players in 138 days

The whole stack (engine, netcode, servers, economy and content) went from an empty repository on 10 June 2026 to live 128-player matches in two regions, West and East.

5,166

Commits shipped

10 Jun to 1 Nov 2026, about 36 a day

430K⁺

Lines of first-party code

Client 150K · server 180K · shared simulation 101K

1,400⁺

Automated verification rails

Purpose-built checks for netcode, money paths, maps and performance

138

Days to 128 players

First commit to Conquest 128 in production

Regions live

West and East, at full playlist parity

100%

In-house stack

No licensed game engine and no third-party netcode framework

10 Jun 2026First commitThe Mayhem Engine, authoritative server and wallet sign-in come up together.

Jul 2026Mainnet economyCompressed-NFT items, holder-gated access and an on-chain market go live on Solana.

6 Oct 2026WebTransport liveTurbine's QUIC datagram lane ships to desktop browsers, with WebSocket fallback.

26 Oct 2026Conquest 128128-seat Conquest joins the live list in the West and the East.

1 Nov 2026East region parityPlayers in the East get the same live features, all settled by one ledger.

Platform scale

A complete game, not a demo

128

Players per match

Conquest, with infantry, vehicles and aircraft

Arenas

From duel arenas to 128-player battlefields

50⁺

Weapons

Ballistic, energy, beam, flame and power weapons

Vehicle classes

Ground, hover and air, plus crewed variants

Game modes

Including Conquest, CTF, Extraction Royale and Headhunter

30^Hz

Authoritative tick

Server-judged physics, hits and objectives

10^ms

Frame budget

100 fps target, judged on p99 and 1% lows

Isolated match hosts

Per home-region machine; one busy room never stalls another

Technology stack

Built on open standards, owned end to end

We name the open standards we build on. The systems on top of them are ours.

Client · Mayhem

three.js on WebGL 2
GPU skinning and instancing
Compressed GPU textures (KTX2)
WebAssembly decoders
Multi-threaded workers
Device-tiered quality

Network · Turbine

WebTransport (HTTP/3, QUIC) datagrams
WebSocket reliable lane and fallback
Lag-compensated hit judgment
Priority and per-player byte budgets
Client prediction and reconciliation
Region-aware matchmaking

Server

Node.js authoritative simulation
Isolated per-match hosts
Server-side bot AI and navigation
Signed, auditable match records
Multi-region with a single ledger
Staged, gated deploys

Economy

Solana mainnet
Compressed NFTs with no fee to the player
On-chain ownership checks
Peer-to-peer on-chain market
USD-denominated pricing
Fail-closed money paths

SWOT analysis

Where we stand

Where Top Blasters stands today. Bracketed numbers link to the sources at the foot of the page. Unsourced figures are internal measurements.

SStrengths

128per match
Battlefield-scale matches in a browser128 matches Battlefield 2042's cap on PC and current consoles ^[12], more than five times Halo Infinite's 24-player Big Team Battle ^[15]. In our research we found no other browser shooter with verified matches of 64 players or more.
three.jsengine base
A rare stack for a shipped shooterUnity powered 55% of new web games in Q2 2025 ^[8], and the best-known browser shooters run on Babylon.js or PlayCanvas ^{[20] [21]}. Few shipped multiplayer shooters run on three.js, and none we found reach 128 players. We own every line above it.
QUICdatagrams
WebTransport in productionLive since 6 Oct 2026. We could find no named shipped game using WebTransport for gameplay netcode, and Colyseus still marks its WebTransport transport as experimental ^[10].
5,166commits
Exceptional velocity430K+ lines of first-party code and 1,400+ verification rails in 144 days. Capital goes into product, not licence fees.
Solananative
Built for Solana from day oneWallet sign-in, compressed-NFT items minted at no cost to the player, and a peer-to-peer on-chain market, all live on Solana mainnet since July 2026. Compression makes millions of items affordable to mint ^[33].
0installs
Frictionless distributionA link opens a match. There is no store review, no download and no platform cut on the web build.

WWeaknesses

Desktopdatagrams first
Datagram lane rolling out to mobileWebTransport is live on desktop Chrome, Edge, Brave and Firefox. Safari and mobile browsers now support the standard, and they are next. The WebSocket lane already serves every player in the meantime.
2regions
Two regions todayWest and East are live. The region model adds new match regions without a second ledger, so each new region is an expansion, not a rebuild.
60fps on phones
Phones target 60 fps at 128Desktop aims for 100 fps. On phones the screen refresh rate (60 or 120 Hz) sets the ceiling, so 60 fps is the phone target in the biggest lobbies.
Upsidepaid growth
Paid marketing still aheadMarketing spend to date has been minimal, so the paid user-acquisition playbook is still entirely ahead of us.

OOpportunities

$201.6B2025 games
A record global marketNewzoo: games crossed $200B in 2025 (+9.1%). PC was the fastest-growing platform at $43.6B (+12%) ^{[1] [2]}.
4.9×web games
Web gaming is surgingThe number of web games grew 4.9× in two years ^[8]. Browser-game revenue estimates for 2025 run from $7.8B to $9.2B ^{[3] [4]}.
Mar 2026Baseline
WebTransport is now universalSafari 26.4 made WebTransport Baseline on 24 Mar 2026 ^[9]. That clears the way for Turbine's datagram lane on every major browser.
3.2Mdaily wallets
Solana's user base is growingSolana averaged 3.2 million daily active wallets in 2025 (+50%), processed 33 billion non-vote transactions, and its apps earned $2.39B ^[32]. Every one of those wallets can sign in to Top Blasters in one click.
$0.001median fee
Fees small enough for gameplayThe median Solana fee in 2025 was about $0.0011 ^[32]. In-game swaps, mints and trades cost players fractions of a cent in network fees.
~150msfinality goal
Faster chain, faster settlementSolana's Alpenglow upgrade targets finality of about 100–150 ms, and the independent Firedancer client adds throughput and client diversity ^[34]. Faster finality means instant-feeling trades and payouts.
B2Blicensing
Licence Mayhem and TurbineStudios building web multiplayer today choose between general frameworks and building their own. Liquid Labs can offer a proven 128-player stack.
$25–40Bweb3 games
On-chain ownership done rightVendor estimates for the 2025 web3 gaming market range from $25.6B to $39.7B ^{[5] [6]}. Our items are real assets, and the game stands on its own without them.

TThreats

$293M2025 VC
Selective web3 capitalBlockchain-gaming investment fell to about $293M in 2025, from about $4B in 2021 ^[7]. Capital now goes to teams with a live, shipping product, and Top Blasters is live.
$77–101Mraised
Well-funded competitorsOff The Grid raised $77–101M on Unreal Engine 5 ^{[22] [23]}, yet had about 21,000 players on its mainnet in May 2025 ^[24]. Big budgets have not bought big audiences, while our in-house stack keeps costs low.
4in one week
A web3 shooter shakeoutDeadrop was cancelled ^[27], Nyan Heroes shut down after raising $13–15M ^[28], and four major web3 games closed in one week of May 2025 ^[29]. The field is thinning, which leaves room for a shooter that is live and growing.
SOLprice cycles
Crypto market swingsSOL and token prices move with the market. Every price in Top Blasters is shown in US dollars, so players see stable prices whatever the market does.
WebGPUplatform shift
The next graphics APIBrowsers are moving from WebGL to WebGPU. three.js already ships a WebGPU renderer, and our single codebase can adopt it quickly.

Maximum players in one match

Live large-scale shooters by publicly stated match size. Top Blasters is the only one that runs in a browser.

Call of Duty: WarzonePC / console · battle royale [14]

150

Warzone: 150 players

Top BlastersBrowser · no install · Conquest

128

Top Blasters: 128 players, live in West + East

Battlefield 2042PC / current consoles [12]

128

Battlefield 2042: 128 players (64 on last-gen consoles)

Halo InfiniteBig Team Battle [15]

Halo Infinite Big Team Battle: 24 players

A 2026 fan port of Halo CE to the browser lists 128-player multiplayer, which its creator describes as untested [17].

Competitive landscape

Comparable projects, budgets and outcomes

Browser shooters prove the distribution model, and web3 shooters show how expensive it is to get it wrong. Where a figure is not public, we say so rather than estimate it.

Title	Studio / owner	Engine	Platform	Capital	Status and outcome
Top Blasters	Liquid Labs: Games	Mayhem (three.js)	Browser · Solana	Raising now	Live: 128-player Conquest, West + East
Krunker.io	FRVR (acquired 2022)	three.js (reported)	Browser, Steam	Price undisclosed; FRVR had raised about $76M [19]	Live; acquired May 2022 [18]
Shell Shockers	Blue Wizard Digital	Babylon.js [20]	Browser	Not public	Live since 2017
Venge.io	Independent	PlayCanvas [21]	Browser	Not public	Live
1v1.LOL	Playtika (acquired 2022)	Not public	Browser, mobile	Price undisclosed [30]	Acquired March 2022
ev.io	Addicting Games	Not public	Browser · Solana	Not public	Live; play-to-earn model [31]
Off The Grid	Gunzilla Games	Unreal Engine 5	PC, console · chain	$77–101M total [22] [23]	Early access Oct 2024; about 21K mainnet players in May 2025 [24]
Shrapnel	Neon Machine	Unreal Engine 5	PC · chain	$20M (2023) + $19.5M (2025) [25] [26]	In development / early access
Deadrop	Midnight Society	Not public	PC	Not public	Cancelled Jan 2025; 55 staff laid off [27]
Nyan Heroes	Not public	Unreal Engine 5	PC · Solana	$13–15M [28]	Shut down May 2025; token down about 99%
Battlefield 2042	EA / DICE	Frostbite	PC, console	AAA	Live; 128 players on current platforms [12]

"Not public" means we found no reliable published figure. Ranges show where sources disagree. All external facts were checked on 2 Nov 2026.

Market

The addressable market

Third-party estimates are shown as reported. Browser and web3 market estimates vary widely with the definition each vendor uses, so we show ranges.

$201.6B

Global games, 2025

Newzoo, +9.1% year on year; $234.4B forecast for 2028 [1]

$43.6B

PC games, 2025

Fastest-growing platform at +12% [2]

$7.8–9.2B

Browser games, 2025

Range across vendor estimates [3] [4]

$25.6–39.7B

Web3 gaming, 2025

Range across vendor estimates [5] [6]

Back the studio behind the stack

Liquid Labs: Games owns the Mayhem Engine, Turbine netcode and Top Blasters. See the technology live, then get in touch through Liquid Labs.

liquidlabs.io Technology overview Play Top Blasters

Sources

Newzoo 2025 global games market, via GamesBeat. gamesbeat.com
Newzoo PC segment 2025, via PC Gamer. pcgamer.com
The Business Research Company, Browser Games Global Market Report. thebusinessresearchcompany.com
Verified Market Reports, Browser Game Market. verifiedmarketreports.com
SNS Insider, Web3 Gaming Market. snsinsider.com
ResearchAndMarkets Web3 Gaming Market Report 2025, via GlobeNewswire. globenewswire.com
Blockchain Game Alliance investment figures, via Cointelegraph. cointelegraph.com
Playgama web-games data, via GamesBeat. gamesbeat.com
WebTransport Baseline status, Web Platform features explorer. web-platform-dx.github.io
Colyseus WebTransport transport documentation. docs.colyseus.io
Colyseus product site. colyseus.io
Battlefield 2042 player counts, Press Start. press-start.com.au
Warzone player count, Tom's Guide. tomsguide.com
Halo Infinite Big Team Battle size, TheSixthAxis. thesixthaxis.com
Halo CE browser fan port, TechSpot. techspot.com
FRVR acquires Krunker.io, Game Developer. gamedeveloper.com
FRVR funding at acquisition, GamesBeat. gamesbeat.com
Babylon.js games showcase (Shell Shockers). babylonjs.com
Venge.io showcase, PlayCanvas forum. forum.playcanvas.com
Gunzilla $30M round, Decrypt. decrypt.co
Gunzilla Games funding total, CB Insights. cbinsights.com
Off The Grid mainnet players, Blockworks. blockworks.co
Shrapnel $20M raise, The Block. theblock.co
Shrapnel $19.5M raise, Decrypt. decrypt.co
Midnight Society shutdown, VGC. videogameschronicle.com
Nyan Heroes shutdown, Decrypt. decrypt.co
Four web3 games shut down in one week, NFT News Today. nftnewstoday.com
Playtika acquires JustPlay.LOL, Playtika investor relations. investors.playtika.com
ev.io overview, Decrypt. decrypt.co
Solana 2025 year-end network figures (daily active wallets, transactions, fees, app revenue), via CryptoSlate. cryptoslate.com
Metaplex Bubblegum v2, compressed NFTs on Solana. developers.metaplex.com
Solana Alpenglow and Firedancer upgrades, QuickNode. quicknode.com

Internal figures come from the Top Blasters source repository and production systems as of 1 Nov 2026. Lines of code count first-party JavaScript in the client, server and shared simulation, excluding third-party packages and tooling. This page is for information only and is not an offer of securities. Forward-looking statements describe plans, not guarantees.