State of the Blockchain Game Sector

Ethereum gaming starts to recover

Welcome to DappRadar’s regular monthly report – in conjunction with the Blockchain Game Alliance –  on the state of the blockchain game sector. 

The Blockchain Game Alliance is a non-profit organization counting over 150 members and committed to promoting and spreading awareness about the advantages of blockchain technology within the game industry, and DappRadar is providing its industry-leading data to assist in this goal.

Key Trends

During October 2020, the average number of daily active unique wallets playing games across the blockchains tracked by DappRadar was 26,912. 

This total was up 6% compared to September’s figure, and up 33% compared to May when high gas fees on Ethereum first impacted what was then the leading blockchain for gaming. 

The start of the recovery of gaming activity on Ethereum was the most important trend during October.

Average daily activity across all Ethereum games was up 100% compared to September, although this is still down 70% compared to April’s total.

The other big blockchain trend is the rise of Thundercore as a hypercasual gaming platform.

The mobile-focused protocol is successfully incentivizing its users to play casual HTML5 titles such as Color Craze, Galaxy Blocks and Word Search Blitz. It will be interesting to see if developers can leverage this player base into more substantial experiences in the coming months.

Axie Infinity – Ever sharper

As highlighted in previous reports, Axie Infinity has been growing in popularity since July and its momentum continues to build.

One element of this has been the price of the most valuable Axie NFTs, which rose from 150 ETH in late September to 200 ETH in October (and now 300 ETH in early November).

The result of this can clearly be seen in terms of the growth of daily activity within the Axie Marketplace, which is the primary trading hub for Axie NFTs. 

Daily activity is now regularly over 500 unique wallets, demonstrating the game is attracting more traders and speculators. 

Other activity – notably breeding and battling to collect the Small Love Potions – remains the most popular element of the game, however, occasionally spiking beyond 2,000 daily active unique wallets. Of course, off-chain activity is multiples higher again.

No doubt, all will be boosted in the coming months as the functionality required by the just-launched Axie Infinity Shards (AXS) token becomes integrated into the overall project in early 2021.

For real-time daily activity and revenue data from the blockchain games sector, go to DappRadar’s Games category

Developers should also check out DappRadar’s new Developer Area, which provides details about how to onboard with new blockchains, information about development tools, and everything you need to ensure your dapp is making the most of DappRadar’s audience. 

For more information on the Blockchain Games Alliance, including its activities, check out the BGA website

Related Posts

Top NFT Projects Coming This Week

Top NFT Projects Coming This Week

The best way to decide whether to invest in NFTs is to determine when the most significant price drops happen. You need to know how to quickly…

Experts explain what 'Big Short' Michael Burry's stock exit means for crypto

Experts explain what ‘Big Short’ Michael Burry’s stock exit means for crypto

Michael Burry, the investor who famously shorted the 2008 housing bubble, has dumped nearly all the stocks in his portfolio during Q2, suggesting there may be carnage…

Crypto scams fall 65% after gullible noobs exit the market: Chainalysis

Crypto scams fall 65% after gullible noobs exit the market: Chainalysis

Fewer people have fallen victim to cryptocurrency scams in 2022 so far due to falling asset prices and the exit of inexperienced crypto users from the market,…

Mexico Beckons as Patron Brings its Tequila to Decentraland

Mexico Beckons as Patron Brings its Tequila to Decentraland

As the summer season gets into full swing, it was only a matter of time before tequila made another appearance in the metaverse. Now, purveyor of high-quality…

IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers

IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers

The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John Doe summons on…

How do Ownership and Copyright Work for NFTs?

How do Ownership and Copyright Work for NFTs?

Answers to critical questions surrounding intellectual property, copyright, and ownership of NFTs Although the popularity of NFT collections recently skyrocketed, the answers to pressing questions surrounding intellectual…