During the past month of March alone, 1.22 million new crypto asset portfolios interacted with blockchain-based gaming platforms, such as playing to win cryptocurrencies (play to earn) and GameFi. With such momentum, this ecosystem achieved a huge growth of 2000% in one year.
A recent DappRadar report reveals that, compared to the first quarter of the previous year, the use of blockchain-based gaming has increased at a rapid rateattracting more and more users as time goes by.
Play-to-earn games are still on the rise, where players complete specific tasks to earn cryptocurrencies, in the style of Axie Infinity, one of the largest and most successful projects of last year.
Currently, Splinterlands, Alien Worlds and Crazy Defense Heroes lead ecosystem activitywith an average of more than 650,000 digital wallets connected each day during the month of March.
In their report, the DappRadar team mentions the challenging scenario that the universe of blockchain-based games has been facing. This, taking into account the war in Ukraine and, compared to this, the performance of the cryptocurrency market that many call “boring” by showing behaviors similar to that of traditional markets.
Nevertheless, In the case of games, the ecosystem has been constantly evolving and growing.
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“Amidst the challenging scenario, blockchain gaming maintained a consistent usage level. A total of 1.17 million unique active wallets connected daily to blockchain games on average during the first quarter, down 2% from the daily average in the fourth quarter of last year. However, the daily average for March exceeded 1.22 million digital wallets daily, showing signs of recovery.”
DappRadar report on the first quarter of 2022 for game dapps.
Even the team of the analysis and monitoring platform for the world of dapps adds that investments continue to come to play to earn games and other projects in this universe, as $2.5 billion was raised during the first quarter of the year. “At this rate, 2022 investments will be 150% higher than last year,” the report reads.
Splinterlands is the new king of play to earn
According to the DappRadar report, Splinterlands is established as the number one game of the play to win model cryptocurrencies. In March, it attracted more than 366,000 new digital wallets daily, sustaining a 15% growth since December 2021.
“Updates to the supply of card decks, including the win ratio, have established a strong community around the game. The idea about the next virtual world of Splinterlands has also helped the cause, “adds the report.
The current numbers indicate that Splinter lands now occupies the leadership position that Axie Infinity occupied during 2021 and that it was already seen coming in December, as reported by CriptoNoticias.
For its part, Alien Worlds lost some ground after attracting more than 300,000 cryptocurrency wallets in August last year. Nevertheless, space mining dapp GameFi has held on to second place of the most popular games as it maintains more than 188,000 daily digital wallets active, while its TLM token has been among the most popular gaming-based cryptocurrencies.
Crazy Defense Heroes and Pegaxy among the games with the highest momentum
Gaming dapps based on Ethereum’s sidechain Polygon are gaining momentum with 114,000 daily digital wallets connecting to their platforms during the first quarter of 2022 and 173,000 during the month of March alone.
In fact, play to earn games like Crazy Defense Heroes, Pegaxy, Arc8 and Aavegotchi have driven activity in Polygon-based dapps by 219% since the end of December, as the report indicates.
In contrast, activity is losing momentum on the Ronin and BNB Chain since the end of last year. Still, BNB Chain has remained the third busiest network for blockchain-based gaming. It maintained an average of 165,000 active digital wallets daily during the first quarter of 2022, although this figure is equivalent to 33% less than the activity it registered in December of last year.