The blockchain gaming industry focused on a popular Ethereum (ETH) scaling solution in March. High-level partnerships that the project has completed since last year follow the intense interest.
Data shows popular ETH scaling solution is taking over the gaming industry
Polygon (MATIC), Ethereum’s layer-2 scaling solution, is fast emerging as a powerhouse in the gaming industry thanks to the increase in user activity on its network. According to DappRadar, Polygon saw a 53% growth in unique daily active wallets (dUAWs) in March, reaching 138,081, making it the second largest blockchain gaming network in terms of UAWs.
Considering that the company was initially known for its DeFi dApps, Polygon’s expansion in the gaming business is pretty significant. In March, the network took second place, beating Hive. Thus, a new bull catalyst emerges for Polygon, which has evolved and become known as a gaming blockchain. The list of games that give MATIC this advantage is as follows:
Polygon: Gaming and Blockchain Banking
Polygon’s success can also be attributed to Hunters On-Chain, the Web3 adaptation of BoomLand’s mobile game Hunt Royale, which has achieved over 17,000% UAW growth in the last 30 days. The game is a free-to-play RPG with NFT integrations that looks and feels like Minecraft. The data shows that Hunters On-Chain hit the ATH level of around 55,300 UAW on March 9.
While it is not known what triggered the surge in demand for Hunters On-Chain last month, the upcoming in-game NFT sale on March 31 may have played a role.
It should be noted that total on-chain gaming activity fell 3.33% in March to 741,567 unique active wallets per day. However, games continue to account for 45.6% of DApp industry activity in Q1 2023.
Institutional investors prefer Polygon network over ETH
Polygon’s entry into the game set may also be owed to its expanding relationships with well-known brands such as Warner Music, Starbucks, Adidas, Reddit and Adobe to create and host NFT startups. cryptocoin.com In this article, we have detailed in which areas it has partnered with these brands. Polygon Labs, the founder of the network, has a number of notable partnerships. This indicates that his development towards games and NFTs is gaining interest.
WAX is still the largest gaming blockchain with 314,976 unique active wallets in March, down 8.11% from the previous month. Blockchain’s rise in the gaming industry makes it the second largest gaming network after Hunters On-Chain, which Boomland launched on the testnet last month. In terms of DApp activity, the action role-playing game later became one of the top five bBockchain games.
The rise of Polygon in the gaming industry has been incredible with Hunters On-Chain playing an important role in attracting a surge of players. Its success is also attributed to the March 27 release of the open-source Ethereum Virtual Machine (EVM) equivalent zero-knowledge aggregation, which enables DApps to scale through transaction aggregation, unlocking higher performance while lowering gas fees for running network transactions.
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