Games
News
Tokens
More
Awards
Advertise
Watchlist
My PlayToEarn Points
Join Community on Discord
Games: 0Game Tokens: 0Social-Score
Games: 0
Game Tokens: 0
Avg. Social Score (24h)
24h Vol: $0
Market Cap: $0
Dominance: BTC 0%  ETH 0%   SOL 0%
Content Creator
English
EnglishDeutschBahasa Indonesia
USD
USDEURBTCETHEOSTRONEnjinPolygonAUDBRLCADCHFCLPCNYCZKDKKGBPHKDHUFIDRILSINRJPYKRWMXNMYRNOKNZDPHPPKRPLNRUBSEKSGDTHBTRYTWDZAR
Informations Center
Login
0
Account
Logout
Phil Hall
Phil Hall
Apr 8, 2021
News

Blockchain Gaming Growth 148% in Q1 2021

During Q1 2021 there was 148% user growth for blockchain gaming compared with one year ago according to a report by DappRadar.
Blockchain Gaming Growth 148% in Q1 2021

During Q1 2021 there was 148% user growth for blockchain gaming compared with one year ago. According to the BGA Blockchain Game Report Q1 2021 by DappRadar there was an average of 73,512 active wallets per day. While they reported 29,563 wallets back in the first quarter of 2020.

The increase of wallets doesn't only come from the availability of new games, but also thanks to the underlying technology. Big contributors to these numbers are for example Alien Worlds and Upland. Both these games run on very user-friendly blockchains where gas fees don't really play a role. Polygon, another cheap to use blockchain solution, is also seeing quite some activity thanks to Aavegotchi.

On Ethereum we still have Axie Infinity, even though a part of their economy now moved to the Ronin sidechain. Despite enormous gas fees, the growth of blockchain gaming on Ethereum wallets almost doubled. DappRadar recorded an average of 2,398 wallets per day.

Over the past three months a variety of gaming projects moved to blockchain solutions that offer a cheaper user experience. Think about MegaCryptoPolis and F1 Delta Time coming to the Polygon blockchain. Or what about new projects like My Neighbor Alice coming to Binance Smart Chain.

According to the DappRadar report, Alien Worlds is now the most popular game in terms of daily active wallets. With the increase of wallets and the increased token value of individual projects, the amount of value in the blockchain games industry is also booming. They note a 651% increase in transaction volume to $1.1 million per day on average during the end of March.

Read the DappRadar Q1 2020 Blockchain Game Report

Providing perspective

While those growth numbers are really cool, we need to put things into perspective. The traditional games industry has approximately 2 billion gamers. On a daily basis 6 million gamers play Fortnite at any given moment. Therefore, in the grand scheme of things, these are small numbers.

However, in the report of DappRadar they talk about connected wallets. Not every game requires an active player to login all the time. When you play Alien Worlds, you automatically need to make transactions using your wallet. You stake NFTs to mine TLM tokens, and you need to claim your TLM tokens. However, once you have three Axies, there's no need to do anything on-chain. All gameplay takes place off-chain, until you decide to claim your Small Love Potions.

[ays_quiz id='14']
Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
PhemexPhemex
Unstoppable DomainsUnstoppable Domains
RollbitRollbit
Discord
PlayToEarn is the world's leading blockchain-games data aggregator and news outlet. We track community activity, growth and on-chain metrics of games.
Interested to stay up-to-date with blockchain games? Get the latest blockchain games news, updates, and reports by subscribing to our free newsletter.
Subscribe
Cookie
Cookies
This website uses cookies to enhance user experience and provide certain services and features to users.
Accept all cookies
...
...
Games
star-line
Watchlist
News
Login