Kaunas, Lithuania
–News Direct–
DappRadarthe global app store for decentralized applications, and the Blockchain Game Alliancehave revealed that the blockchain games are still a driving force for the dapp industry, with over 50% of dapp usage and $748 million raised.
In August, 847,000 Unique Active Wallets (UAW) interacted with blockchain games on average every day, down 11% from last month. Still, the category represents over 50% of industry usage, with Alien Worlds and Splinterlands topping the rankings with an average of over 150,000 daily wallets.
While the average daily number of UAWs connected for the best gaming protocol Wax has fallen 8% since July, Hive saw its activity rise to an average of 169,043 daily UAWs, up 12% on a monthly basis (MoM). This growth was driven by the play-to-win trading card game Splinterlands, a dapp that reached three billion fights played just a few months after the game reached two billion users in March 2022, indicating a steady growth in the number of fights. user engagement.
Another bullish aspect for games is NFT activity related to game assets. The total trading volume of related NFT games increased by 13.25% from the previous month, and the number of sales increased by 83.36%, with more than 1.3 million game related NFTs traded.
Virtual world (metaverse) projects had a bad month as the category’s trading volume fell 28.90% MoM to $22 million. However, the number of sales increased by 38.62% MoM to 19,354, showing that the demand for these types of projects is still significant. Especially with events like The Sandbox Alpha Season 3, which is covered in detail in the report.
Otherdeeds for Otherside was down 27.41% from last month but still represents 73.23% of the total trading volume of virtual worlds. Decentraland had a 23.86% monthly decline, below $1.5 million, the lowest we’ve recorded since January 2021. NFT Worlds also had a drop of 76.43%, the lowest trading volume ever recorded.
On the other hand, STEPN continues to be one of the most popular M2E (move-to-earn) dapps, with more than 3 million monthly accumulated users and more than 700,000 shoes mined, establishing its first physical office in the government-run start-up of Hong Kong accelerator Cyberport, making the city the first regional headquarters outside of Australia.
Finally, following the trend seen throughout the year, partnerships and investments in blockchain gaming continued to come with an additional $748 million raised in August, a 135% increase from last month, but still a significant increase. decrease of 16% from June.
A $200 million investment, representing 27% of the total investment, was raised by Gabriel Leydon, the founder and former CEO of Machine Zone, the mobile gaming studio behind Game of War and Mobile Strike, for a new blockchain startup. up called Limit Break. The project gained popularity after the successful launch of the DigiDaigaku free-mint NFT collection, which we analyzed in this analysis. report.
If we look at the whole picture, we saw that 38% of investment goes to infrastructure, 33% to games and metaverse projects and 27% to investment companies.
“Despite the economic downturn, the conflict in Ukraine, rising inflation, the cryptocurrency winter and another gaming slump, the funding indicates that game investors are starting to get excited about blockchain mobile games. And Web3 teams with a persuasive proposal might still get a huge round of funding,” the report said.
“We are still in an embryonic stage with huge growth potential. While there are still several areas for improvement, the industry is constantly evolving and inventing. The future of GameFi is bright and on track to become the leader towards web3,” the report said. concluded.
About DappRadar
Founded in 2018, DappRadar is The World’s Dapp Store: a global decentralized application (dapps) store, making it easy for its base of over one million users per month to track, analyze and discover dapp activity through its online platform. The platform currently hosts over 10,000 dapps from over 30 protocols and provides a plethora of easy-to-use tools, including comprehensive NFT valuation, portfolio management, and industry-leading, actionable insights on a daily basis.
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Check out the source version at newsdirect.com: https://newsdirect.com/news/the-blockchain-gaming-sector-is-still-growing-fast-dappradars-blockchain-games-report-7-shows-630396559
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