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Half of the active crypto wallets used for blockchain games in the third quarter

October 15, 2021 - Around 2 mins mins to read
Animoca launches play-to-earn blockchain game REVV Racing - Ledger Insights - enterprise blockchain

According to new research, the number of crypto wallets participating in blockchain games has skyrocketed in recent months.

In Blockchain Match Report In the third quarter of DappRadar, the only active wallets connected to game DApps reached a total of 754,000 wallets in the reporting period. This equates to almost half of the industry’s activity, with the entire blockchain industry averaging 1.54 million daily active unique wallets over a three-month period.

Half of the active crypto wallets used for blockchain games

Unique Active Wallet Index refers to unique addresses that interact with a particular smart contract, so it doesn’t necessarily get carried over to daily active users.

1634290736 620 Half of the active crypto wallets used for blockchain games

The increase in game activity is mainly driven by the game to earn exercise and NFTs in the game. NFT collectibles in this game generated $ 2.32 billion in revenue in the third quarter, the study adds, adding that that’s 22% of total NFT trading volume over the same period:

“With all the excitement surrounding Ethereum collectibles like CryptoPunks and Bored Ape Yacht Club (BAYC), the role of NFT items in the game may have been overlooked.” DappRadar analysts said.

The NFT space recorded trading volumes of approximately $ 10.67 billion from July to September, an increase of more than 700% from the previous quarter.

Axie Infinity was one of the main drivers behind blockchain games.

Players collect and raise “axes,” which are virtual creatures that can be used in player versus environment (PvE) and player versus player (PvP) battles within the game.

Axie Infinity had a trading volume of $ 2.08 billion in the third quarter alone and now has a total volume of $ 2.55 billion. DappRadar reports that over 6.7 million NFT items have been sold and 24-hour revenue is currently $ 15.2 million.

1634290737 202 Half of the active crypto wallets used for blockchain games

At the end of September, Axie Infinity enabled AXS staking, which adds an extra layer of passive income for Axie users. The move drove ASX price to an all-time high of $ 155 on October 4th. The ASX is also up 743% over the past three months.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

La Bo Vi

According to Cointelegraph

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Author

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Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

Half of the active crypto wallets used for blockchain games in the third quarter

Animoca launches play-to-earn blockchain game REVV Racing - Ledger Insights - enterprise blockchain

According to new research, the number of crypto wallets participating in blockchain games has skyrocketed in recent months.

In Blockchain Match Report In the third quarter of DappRadar, the only active wallets connected to game DApps reached a total of 754,000 wallets in the reporting period. This equates to almost half of the industry’s activity, with the entire blockchain industry averaging 1.54 million daily active unique wallets over a three-month period.

Half of the active crypto wallets used for blockchain games

Unique Active Wallet Index refers to unique addresses that interact with a particular smart contract, so it doesn’t necessarily get carried over to daily active users.

1634290736 620 Half of the active crypto wallets used for blockchain games

The increase in game activity is mainly driven by the game to earn exercise and NFTs in the game. NFT collectibles in this game generated $ 2.32 billion in revenue in the third quarter, the study adds, adding that that’s 22% of total NFT trading volume over the same period:

“With all the excitement surrounding Ethereum collectibles like CryptoPunks and Bored Ape Yacht Club (BAYC), the role of NFT items in the game may have been overlooked.” DappRadar analysts said.

The NFT space recorded trading volumes of approximately $ 10.67 billion from July to September, an increase of more than 700% from the previous quarter.

Axie Infinity was one of the main drivers behind blockchain games.

Players collect and raise “axes,” which are virtual creatures that can be used in player versus environment (PvE) and player versus player (PvP) battles within the game.

Axie Infinity had a trading volume of $ 2.08 billion in the third quarter alone and now has a total volume of $ 2.55 billion. DappRadar reports that over 6.7 million NFT items have been sold and 24-hour revenue is currently $ 15.2 million.

1634290737 202 Half of the active crypto wallets used for blockchain games

At the end of September, Axie Infinity enabled AXS staking, which adds an extra layer of passive income for Axie users. The move drove ASX price to an all-time high of $ 155 on October 4th. The ASX is also up 743% over the past three months.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

La Bo Vi

According to Cointelegraph

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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