Market

Blockchain games make up almost 50% of industry usage

According to the BGA Blockchain Sport 2021 report recently released by DappRadar, there are more than 1.4 million Unique Active Wallets (UAW) connecting to blockchain games on a daily basis, surpassing DeFi and becoming the main segment this year.

While entertainment dApps account for 49% of the total use case of blockchain transactions, buying and selling entertainment NFTs has grossed over $ 4.5 billion, which is 20% of the total blockchain revenue.

Play to earn

Sports games are up a staggering 65% since the second quarter, up 4.33% from 2020.

ADRs according to classification in 2021 | Source: DappRadar

Play-to-earn and GameFi Dapps saw growth in the second quarter, with Axie Infinity switching to Ronin and enabling Alien Worlds Trilium (TLM) mining.

Several blockchains that use low transaction fees at high processing speeds, such as Wax, Ronin, and Hive, have become sustainable ecosystems for Play-to-Earn and GameFi-dApps.

UAW game by protocol in 2021 | Source: DappRadar

With Internet data storage one of the most needed GameFi dapps on the market, Alien Worlds and World Asset Alternate (Wax) have become one of the most important networks in retail in 2021.

VCs invested $ 4 billion in blockchain games and associated infrastructure in 2021, funding is up 5% from 2020, additions and improvements are expected within the next 12 months.

Top Blockchain Games in 2021

Axie Infinity has made spectacular strides in 2021 with over 2.5 million customers.

Sky Mavis dApp, a play-to-earn games company, grew 59% qoq and 1.422% qoq.

Meanwhile, Axie is also the most traded class of NFTs at over $ 3.8 billion, an all-time high.

Token Terminal generated revenues of over US $ 1.2 billion in the second half of the year, outperforming large dApps such as OpenSea, Uniswap, PancakeSwap and even “large” blockchains such as BSC, Bitcoin and Solana.

Top 5 games by association with UAW Wallet in 2021 | Source: DappRadar

Meanwhile, Splinterlands NFT has been buying and selling mostly through on-chain metrics with over 350,000 UAW per day.

This was a success with the introduction of the Splinterlands Governance Token (SPS) at the end of July. Since then, a whole new wave has started, the Chaos Legion, ready to showcase useful resources in digital lands, including another level of economy.

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Annie

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.

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