Blockchain gaming shines brightly in the latest DappRadar analysis for Q2 2023. Explore the top blockchains, leading games, NFT trading volumes, and web3 gaming investments that are driving this industry forward.
- Blockchain gaming shines in Q2 2023, showcasing its potential beyond finance with 36% industry engagement and impressive active wallet increases for Klaytn and Oasys.
- WAX leads in transactions, while Hive experiences a 49% decline. DeFi Kingdoms and Klaytn show positive growth, indicating promising progress.
- Alien Worlds, Splinterlands, and SuperWalk lead in blockchain gaming, with SuperWalk’s rise signalling a strong move-to-earn trend in Q3 2023. NFT trading volumes also see significant activity, with Gods Unchained leading the pack.
DappRadar’s Blockchain Gaming Report
With impressive active wallet increases and promising progress, blockchain gaming more than proves its potential. The second quarter of 2023 turned out to be exciting for the industry. While Decentralized Finance (DeFi) was grabbing attention, blockchain gaming shined brightly in the latest DappRadar analysis, further showing its potential..
Despite a decrease in market dominance, blockchain gaming remained a driving force, accounting for 36% of total industry engagement, with 699,956 daily unique active wallets (dUAW). Among the top five blockchains, Klaytn and Oasys witnessed impressive increases in unique active wallets.
Transaction-wise, WAX led with 1.5 billion transactions, but Hive experienced a significant decline of 49%. DeFi Kingdoms and Klaytn, on the other hand, showed progress with positive growth. Alien Worlds, Splinterlands, and SuperWalk emerged as leaders in the industry. SuperWalk’s rise indicated a strong move-to-earn trend resurgence in Q3 2023.
NFT trading volumes also witnessed significant activity, with Gods Unchained leading with $6.3 million and 85,182 sales. In digital land trades, Q1 2023 saw impressive growth with a 277% surge to $311 million in trading volume, but Q2 showed a decline of 81% to $58 million and 73% drop in land sales to 39,000.
Investments in web3 gaming projects totaled $973 million in Q2 2023, with metaverse projects securing the largest share at 44.76%. Bitkraft’s $221 million fundraise for its second token fund stood out as a notable investment. In a nutshell, blockchain gaming offers a promise for innovation and growth. The sector’s resilience and potential are driving the industry forward, making it an exciting space to watch out for.