In the final quarter of 2023, web3 gaming is far from obsolete. The latest DappRadar x BGA Games Report #20 confirms a pivotal moment in blockchain gaming and the metaverse. October also saw an unprecedented rise in blockchain gaming, debunking myths about the sector’s decline.
Key Insights from DappRadar’s Web3 Gaming Report:
- Gaming’s Impressive Leap: Blockchain gaming reached 1 million daily Unique Active Wallets (dUAW), representing a commanding 33% of the industry’s monthly activity. This spike signifies not just survival but a burgeoning dominance in the Web3 space.
- WAX and Celo Lead the Charge: WAX continues to be the top blockchain for gaming activity, with over 406,030 daily UAW. Furthermore, Celo witnessed a staggering 538% increase in gaming activity, spotlighting its rising popularity.
- Alien Worlds Dominates: As the most used gaming dapp, Alien Worlds crossed 133,000 daily UAW, emphasizing the game’s sustained appeal.
- Vibrant Virtual World Markets: Trading volumes in virtual world dapps soared by 19% to $3.8 million. This, coupled with a 17% increase in land sales. This rise illustrates the sector’s resilience and growth potential.
- Investments Remain Strong: Despite a slight 4% drop from the previous month, October’s Web3 gaming investments hit $154 million, underlining continued investor confidence.
- Pixels’ Move to Ronin: Pixels’ transition to Ronin spurred a significant increase in Unique Active Wallets, highlighting the importance of strategic network choices in blockchain gaming.
- Emergence of New Leaders: NEAR Protocol and Skale Network are showing promising growth, suggesting a dynamic shift in gaming infrastructure.
As 2023 heads towards its end, the web3 gaming sector stands robust. It is also driven by innovative developments, strategic expansions, and unwavering investor interest.
The DappRadar report paints a picture of a thriving ecosystem, contradicting the notion that web3 gaming is fading away. This sector remains a vibrant and integral part of the Web3 narrative, poised for continued evolution and success.