On-chain gaming accounts for 45.6% of dApp activity in the first quarter of 2023
- Gaming activity decreased by 3.33% in March, but it represents 45.6% of the dApps industry.
- Polygon’s daily active wallets grew by 53%, becoming the second largest gaming chain.
- Yuga Labs gaming NFTs generated $153 million in trading volume.
According to a recent report by DappRadar, a leading decentralized applications (dApps) tracker, on-chain gaming activity decreased by 3.33% in March to 741,567 unique wallets per day (dUAW).
Despite this decline, blockchain games still accounted for more than 45% of dApp industry activity in the first quarter of 2023.
One of the most notable findings in the report is the impressive growth of Polygon, which has become the second largest game series. The network saw a significant 53% increase in unique daily active wallets from the previous month.
1/ Blockchain gaming activity in Q1 2023 averaged 791,474 unique active wallets per day, down 8.58% from the previous quarter. DappRadar xBGameAlliance brings you the status of #blockchaingaming in Q1 2023 pic.twitter.com/9dJJirvlBl
— DappRadar (@DappRadar) April 7, 2023
The report also highlights the top games in the first quarter of 2023. Alien Worlds dominated 66% of WAX network activity averaging 223,945 unique active wallets per day, while Splinterlands accounted for 99% of Hive activity.
Additionally, BoomLand’s Iskra and Hunters On-Chain were the best performing games in March, with impressive monthly on-chain usage growth of 708% and 15,497%, respectively. Virtual worlds have also seen significant growth, with the number of trades reaching a new high of 67,165 in March. The first quarter ended with 143,735 land sales and a turnover of $350 million.
Moreover, the report highlighted the impressive growth of Yuga Labs and its gaming NFTs, which generated $153 million in trading volume. Overall, investments in blockchain games and metaverse projects totaled $434 million in March, bringing the Q1 total to $739 million.
Notably, investments in blockchain games and metaverse projects amounted to $434 million in March, bringing the total for the first quarter of the year to $739 million.
Post-chain gaming accounts for 45.6% of dApp activity in the first quarter of 2023 appeared for the first time in the Coin issue.
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