Polygon leads GameFi growth while Axie Infinity, Decentraland maintains “powerhouse” status
Polygon leads GameFi growth while Axie Infinity, Decentraland maintains “powerhouse” status. The latest report from DappRadar shows that gaming dApps have become the lifeblood of the blockchain industry.
Game-dApps made up more than half of all industry activity in October, this is the conclusion of the State of the Blockchain Game Sector Report by DappRadar from October 2021, in which the activity and number of users of blockchain-based games in the past month is analyzed became.
follow report, rising cryptocurrency prices and an explosive interest in Metaverse are responsible for the exponential growth of the gaming industry with an average of over 2 million active unique wallets (UAWs) per day.
Blockchain games has never been as popular asthis Australia
The popularity that DeFi has achieved in recent months is slowly giving way to blockchain gaming. According to the latest report from DappRadar, the number of UAW wallets connected to games accounts for 55% of the total blockchain industry and continues to dominate as of September.
While the positive usage trend was widespread in most gaming networks, Polygon showed the greatest growth.
With this Layer 2 solution, the number of game (MoM) -related ADRs increased by 242% and 982% compared to August. With over 125,000 UAWs daily, the number of game-related transactions doubled. despite a nearly 52% decrease in the number of DeFi transactions.
lot The only wallet that has been active on Polygon since June/2021 to October/2021 | Source: DappRadar
Much of the above growth was driven by Arc8, a play-to-earn mobile game launched by subsidiary Animoca Brands. This shows that with the right projects using Polygon as its core infrastructure, blockchain will soon no longer need DeFi.
Another key finding from the report is that virtual world games like The Sandbox and Decentraland are slowly becoming the real powerhouses of the dApp game ecosystem. The respective tokens SAND and MANA have both tripled since Facebook announced the renaming to meta-platforms, although activity on these platforms has not increased.
United States of AmericaPopularity of the term “United States of Americaetaverse “rises in October | Source: DappRadar
The report shows that virtual world dApps generated total transaction volumes of more than $ 21.8 million in October, up 31% from September.
Trading volume in Virtual World Games from June 2021 to October 2021 | Source: DappRadar
However, on the spot market, Polygon’s native MATIC token has generally not performed well since late October, up almost 6% in the past 14 days.
MATIC 4-hour chart | Source: Tradingview
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