Blockchain
Blockchain gaming continues to account for a significant portion of all on-chain transactions, says data company DappRadar. In a report examining April market data, 38% of all crypto transactions were related to gaming, despite the fact that there were 10% fewer daily active wallets (about 672,000) compared to the previous month.
DappRadar blamed the ongoing “meme token craze” for users dropping out, citing PEPEbillion dollar market cap that recently exploded to $1.7 billion before crashing 63%. It also partly blames the meme token boom for the 74% drop in virtual world trading over the past month, but noted that games like The Sandbox and Topia continued to see growth.
But it also noted that the new gaming-oriented network Sui, which launched its mainnet last week, has already made huge profits. Sui’s eponymous token has already increased in value by 3,800% since its ICO, according to the report. And even though it’s brand new, Sui already has 40 games built on its network.
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But which game chains are currently seeing the most activity? USED TO BEhome to Splinterlands and Alien Worlds, continues to hold the top spot, but Ethereum sidechain network Polygon may be coming for his throne. Polygon is the second most popular chain for gaming, according to the report.
DappRadar noted that bot activity can be an ongoing problem with some WAX games, and mentioned both Splinterlands And Strange worlds as games that removed numerous bot users from their titles this year.
DappRadar reported that Ethereum scaling solution arbitration also saw a spike in users in April, growing more than 118% compared to the previous month, while Immutable X grew by about 9%.
Simon Davis, CEO and co-founder of studio Mighty Bear Games that builds on Polygon, shared Decrypt via email, he believes Arbitrum’s spike is mainly due to the network’s token airdrop in late March.
“The decentralized gaming ecosystem Treasure and its users received a significant portion of the airdrop allocation, inspiring other high-profile projects (such as Pirate Nation) to move to Arbitrum as well, increasing the visibility of the ecosystem,” said Davis. “Arbitrum is gaining momentum and establishing itself as one of the top destinations for Web3 gamers.”
As various blockchain networks vie to lure gaming projects to their chains, it seems more and more that a multi-chain future lies ahead. Web3 gaming.