In the midst of the metaverse frenzy, interest in crypto games has also exploded. 1.19 million unique active wallet connections to crypto gaming apps were observed last month. In October, it can be said that blockchain games make up most of the activity in the dapp industry. 55% of uniquely active wallets interacted with gaming apps like Axie Infinity and Splinterlands. Mobile crypto gaming has also seen increased adoption on the leading altcoin Ethereum sidechain Polygon. Details cryptocoin.com‘in.
Intense interest in game-themed Altcoin projects
Data from analytics platforms DappRadar and Token Terminal indicate an explosion in crypto gaming. In October, 55% of all uniquely active wallets were connected to blockchain games, with more wallets connecting to gaming apps than DeFi protocols for the third month in a row. October was a good month for blockchain games. According to DappRadar, a leading decentralized application analytics platform, October saw blockchain gaming account for the majority of activity in the dapp industry. 55% of unique active wallets (UAW) with a total of 1.19 million users interacted with gaming apps in the past month. The data points to the increasing dominance of blockchain gaming, and October marks the third consecutive month that more unique active wallets have been connected to gaming apps than DeFi protocols.
Established blockchain games like Sky Mavis’ Axie Infinity account for more than half of all blockchain game users. On-chain activity increased in October thanks to the game’s newly released AXS token staking feature. Last month, 647,000 UAWs were tied to Axie, up 27% from September. Additionally, data from Token Terminal shows that transactions on Axie Infinity have also reached new highs. As of November 4, the trading volume in the games market hit a record $38.2 million daily.
Splinterlands, a collectible card game played to win, is also making waves. Despite running on the relatively little-known Hive blockchain, Splinterlands has grown its user base by 3,260% last year thanks to the addition of the SPS token that users can earn by playing the game.
Blockchain games
With over 70% of unique active wallets on the network playing blockchain games, Polygon saw the biggest shift towards gaming, compared to 15% in August. Mobile gaming apps like the Animoca brand’s Arc8 are largely responsible for the spike in gaming on the leading altcoin Ethereum side-chain. At the beginning of October, daily active addresses on Polygon hit an all-time high of 531,831.
With Facebook’s recent rebranding as “Meta”, Metaverse games have also been on the rise. Metaverse platforms like Decentraland and The Sandbox have seen their native tokens gain in value. As crypto games demonstrate their ability to attract users, other blockchains are also trying to develop their own gaming ecosystems. Solana Ventures, Lightspeed Venture Partners and FTX announced a $100 million joint venture to develop games at Solana, saying the network’s high-speed, low-cost capabilities will allow crypto games to flourish.
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