- Blockchain analytics firm DappRadar revealed a 3x growth in the Web3 gaming sector.
- Sara Gherghelas said the blockchain gaming industry is growing well.
According to the blockchain analytics platform DappRadar report, Blockchain Games witnessed a 3x surge in their on-chain activity on a year-on-year basis. Web3 games gathered over 7 million unique active wallets (UAW) a day last month which is a 386% surge in contrast to January 2024.
On this DappRadar report, analyst Sara Gherghelas highlights that this advancement indicates a solid momentum and industry’s strength despite some short-term fluctuations. She mentioned that the blockchain gaming sector is entering a phase of maturation.
This means the sector is developing and becoming more stable. She added that the industry achieved layer-2 advancements, evolving token economies, and AAA partnerships.
New Era For Blockchain Gaming
Gherghelas mentioned various developments in the sector and emphasized the growth by calling it a new era for blockchain gaming. She stated that the new gaming ecosystems are arising, AI is gaining momentum, and gaming titles are becoming more advanced.
Sara Gherghelas stated in the report:
“With AAA collaborations, Layer-2 advancements, and evolving token economies, blockchain gaming is entering a phase of maturation, where success will be defined by player retention, scalability, and sustainable growth.”
As per the report, in January OpBNB was the best performer and Matchain came second. Besides this Polygon also witnessed a 100% increase in gaming activity compared to last month.
The reports suggest that artificial intelligence-powered apps are also getting popular in the industry. Moreover, major projects have started integrating AI technology in their gameplays.
Despite all these developments investment in blockchain games witnessed a drawdown. Gherghelas clarifies that the downturn in investments fits with wider economic patterns. This is due to companies using previously raised money instead of raising new funds.
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