The crypto intelligence platform DappRadar says that the blockchain gaming sector witnessed a surge in the number of new users last month.
DappRadar notes in a new blog post that the sector reached more than one million daily unique active wallets (dAUW) in October, a 16% increase from the previous month.
Gaming represented 33% of the total industry activity last month, compared to decentralized finance (DeFi), which represented 19%, and non-fungible tokens (NFTs), accounting for 14%.
Wax Blockchain (WAXP) retains its seat as the leading gaming blockchain with 406,030 dUAW, an 8% boost from September. Ethereum (ETH) competitor NEAR Protocol (NEAR) ranks second with 229,603 dUAW, a 34% increase from the previous month.
Layer-1 blockchain Celo (CELO), which is in the midst of transitioning to become an Ethereum layer-2 scaling solution, saw a gigantic 538% surge in dUAW and jumped to third on the list with 198,165 daily unique active wallets.
DappRadar attributes the huge increase to the success of the new game BLCR (Battle Left Center Right). DappRadar also notes that Web3 gaming projects saw $154 million in investment funding.
Explains the blockchain intelligence platform, “Over the past three months, a discernible trend has emerged, focusing on infrastructure investments. Predominantly, the funds have been channeled toward web3 gaming studios.
This trend is particularly noteworthy as it lays the foundation for the potential emergence of top-tier games in the blockchain realm.”
Source : The Daily Hodl by Daily Hodl Staff / Nov 18, 2023