On-Chain Gaming Dominates dApp Activities with 45.6% Share in Q1 2023
A recent report by DappRadar, a leading tracker of decentralized applications (dApps), has revealed that on-chain gaming activities accounted for over 45% of the dApp industry in the first quarter of 2023, despite a 3.33% decrease in March. Here are some key points from the report:
Polygon Emerges as Second-Largest Gaming Chain
One of the most notable findings in the report is the impressive growth of Polygon, which has become the second-largest gaming chain. The network saw a remarkable 53% increase in daily unique active wallets from the previous month.
Top Games and Performances
The report also highlights the top games in Q1 2023. Alien Worlds dominated 66% of the WAX network activities with 223,945 average daily unique active wallets, while Splinterlands claimed 99% of Hive activity. Iskra and Hunters On-Chain by BoomLand were the best-performing games in March, boasting significant monthly on-chain usage growth of 708% and 15,497%, respectively.
Substantial Growth in Virtual Worlds
Virtual worlds also experienced substantial growth, with the trade count reaching a new high of 67,165 in March. Q1 ended with 143,735 land sales and a $350 million trading volume.
Yuga Labs’ Gaming NFTs Generate $153 Million in Trading Volume
The report highlighted the impressive growth of Yuga Labs and their gaming NFTs, which generated a substantial $153 million in trading volume. Overall, investments in blockchain games and metaverse projects totaled $434 million in March, bringing the total for Q1 to $739 million.
In conclusion, despite a slight decline in March, on-chain gaming continues to be a dominant force in the dApp industry. With significant growth in Polygon, top-performing games, substantial virtual world growth, and impressive investments in gaming NFTs and metaverse projects, the future of blockchain gaming looks bright.
