Blockchain Gaming Goes Mainstream
The blockchain gaming sector has experienced a significant surge in the number of new users in the last month, according to DappRadar. The platform notes that the sector reached over one million daily unique active wallets (dAUW) in October, signifying a 16% increase from the previous month.
Gaming dominated 33% of the total industry activity, outpacing decentralized finance (DeFi) at 19% and non-fungible tokens (NFTs) at 14%.
Wax Blockchain (WAXP) remains the top gaming blockchain with 406,030 dUAW. Ethereum (ETH) competitor NEAR Protocol (NEAR) ranks second with 229,603 dUAW, a 34% increase from the previous month.
Celo (CELO), a layer-1 blockchain in the process of transitioning to an Ethereum layer-2 scaling solution, saw a massive 538% surge in dUAW and jumped to third on the list with 198,165 daily unique active wallets, largely driven by the success of the new game BLCR (Battle Left Center Right).
Additionally, DappRadar highlights that Web3 gaming projects secured $154 million in investment funding. The blockchain intelligence platform explains, “Over the past three months, a notable trend has emerged, focusing on infrastructure investments. Predominantly, the funds have been channeled toward web3 gaming studios, laying the foundation for potential top-tier games in the blockchain realm.”
Hot Take
The blockchain gaming sector is undeniably gaining traction, with over one million daily unique active wallets and growing investment funding. This surge indicates growing interest and confidence in blockchain gaming projects, laying the groundwork for the emergence of top-tier games in the blockchain space.
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