DappRadar: Blockchain Games Are Up 2,000%

DappRadar’s report on blockchain games shows impressive growth. 

Covered:

  • DappRadar: Blockchain Games Have Grown And Keep Growing
  • The Future Of Blockchain Games

DappRadar: Blockchain Games Have Grown And Keep Growing

DappRadar released its Blockchain Games Report today and it paints a picture of incredible growth in the burgeoning sector.

Most impressively, the use of Blockchain Games has grown 2,000% since Q1 2021. Despite the absurd-sounding rise, it shouldn’t come as that much of a surprise, considering how the industry was virtually nonexistent early last year. Since the beginning of 2021, games like Axie Infinity, Gods Unchained, and Zed Run have grown the sector and surpassed the PFP-focused NFTs in terms of volume. 

But as the report points out, Blockchain Games aren’t just dominating the NFT space, it’s dominating blockchain as a whole. Currently, 52% of all activity on blockchain is coming from gaming Dapps.

However, the recent numbers for blockchain gaming aren’t as good.

DappRadar: The Future Of Blockchain Games

Despite incredible growth, blockchain games slowed down in Q1 (down 2% from the previous quarter) for a variety of reasons. As DappRadar points out the current landscape is mired by falling crypto prices, the recent Ronin/Axie hack, and the war in Ukraine.

Despite the minefield, the sector appears to be on an upswing. March — the last month of Q1 — saw improvements over the rest of the quarter in UAWs (Unique Active Wallets), as well as activity on key games like Splinterlands, Alien Worlds and Crazy Defense Heroes. Not to mention, Axie Infinity added 22,000 UAWs in March, despite the bridge hack.

Meanwhile, one aspect hasn’t appeared to slow at all: institutional investment. Dapp Radar’s report notes that another 2.5 billion worth of VC funding has found its way to the blockchain game sector — perhaps in anticipation of what some think will be a 8 trillion dollar market someday. 

Recommended: Three Blockchain Games You Are Not Too Late On

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