On-Chain Gaming Takes Up 45.6% of dApp Activities in Q1 2023

In Q1 2023, on-chain gaming accounted for 45.6% of dApp industry activity, according to a recent report by DappRadar. This data indicates that despite a slight decline of 3.33% in March, blockchain games remain a prominent part of the decentralized application market.

Polygon Emerges as the Second-Largest Gaming Chain

Polygon has emerged as the second-largest gaming chain, with a significant 53% increase in daily unique active wallets compared to the previous month. This surge highlights the growing interest and investment in the network.

Top Games in Q1 2023

Outsider Universes ruled 66% of the WAX network exercises with 223,945 normal everyday exceptional dynamic wallets, making it one of the most well known games in Q1. Splinterlands, on the other hand, claimed 99% of Hive activity, indicating its growing popularity among gamers.

Best-Performing Games in March

Iskra and Hunters On-Chain by BoomLand were the best-performing games in March, showing significant monthly on-chain usage growth of 708% and 15,497%, respectively. This substantial increase in usage is a testament to the game's popularity and the potential of the blockchain gaming market.

Substantial Growth in Virtual Worlds

Virtual worlds experienced significant growth in March, with the trade count reaching a new high of 67,165. Q1 ended with 143,735 land sales and a trading volume of $350 million, indicating the growing interest and investment in this area.

Impressive Growth of Gaming NFTs

The report also highlighted the impressive growth of Yuga Labs and their gaming NFTs, which generated a substantial $153 million in trading volume. This growth in the gaming NFT market shows the potential of blockchain technology in the gaming industry.

Investments in Blockchain Games and Metaverse Projects

Interests in blockchain games and metaverse projects added up to $434 million in Spring, carrying the complete for Q1 to $739 million. This significant investment indicates the increasing interest and potential of blockchain technology in the gaming industry.

In conclusion, the DappRadar report showcases the growing popularity and potential of blockchain games in the dApp industry. The substantial investment and increasing interest in virtual worlds and gaming NFTs highlight the promising future of blockchain technology in the gaming industry.