Blockchain Gaming Sector Surges to More Than 1,000,000 Daily Unique Active Wallets, According to DappRadar
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.”
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Blockchain Gaming Sector Surges to More Than 1,000,000 Daily Unique Active Wallets, According to DappRadar appeared first on The Daily Hodl.
Read More
Blockchain Gaming Sector Surges to More Than 1,000,000 Daily Unique Active Wallets, According to DappRadar
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.”
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Blockchain Gaming Sector Surges to More Than 1,000,000 Daily Unique Active Wallets, According to DappRadar appeared first on The Daily Hodl.
Read More