Blockchain Players Rise as Users Try to Stack Crypto: DappRadar

Blockchain Players Rise as Users Try to Stack Crypto: DappRadar

User activity on decentralized blockchain gaming applications (DApps) surged in September, with a slew of games showing a significant increase in the number of active users.

According to data from DappRadar, seven of the top 10 games in terms of the number of “unique wallet addresses interacting with dapp smart contracts” have increased in the past 30 days, with the top five games in the green during this time. . Frame.

At the time of writing, DApps seeing growth over the period include the Web3 game platform Gameta and blockchain-based games Alien Worlds, Solitaire Blitz, Benji Bananas and Splinterlands, Farmers World and Arc8 by GAMEE.

In a September 27 blog post, DappRadar noted that eight of today’s top 10 blockchain games are mobile-first, which could eventually “bring millions of users to the blockchain,” noting:

“Dapp games like Gameta, Benji Bananas, Upland, and Trickshot Blitz allow anyone with a mobile device to earn crypto with little prior knowledge, investment, or risk.”

“Using everyday activities like hyper-casual mobile games as a hook ensures users have fun once they interact, while strong tokenomics can encourage everyday usage and retention,” he said. -he adds.

DappRadar said that one possible reason for the rise in popularity of blockchain games despite the bear market is the idea of ​​”bleeding into the bear and running into the bull”:

“The idea that stacking crypto and investments in a bear market pays off in bull is almost proven at this point.”

The biggest increase in users came from Benji Bananas (Polygon) by Animoca Brands, which saw a 2016.54% increase in the last 30 days. Notably, this game was a web2 mobile app until March this year. Animoca then introduced play-to-earn (P2E) elements through the Ape Coin (APE) affiliated with the Bored Ape Yacht Club.

Although it is not known exactly why the number of users of Benji Bananas has increased so much, it has host a P2E gaming event this month that offered a series of valuable in-game NFTs to winners.

Blockchain Gaming DApps Activity: DappRadar

Of the top 10 games, only Axie Infinity, Trickshot Blitz, and Upland saw declines in the past 30 days.

The increase in the number of blockchain players this month comes as publications such as Bloomberg note in a September 28 article that the “highly correlated NFT market trading frenzy is nearly dead.” It says overall NFT transaction volumes have fallen 97% since January as evidence of this.

As Animoca Brands co-founder Yat Siu pointed out via Twitter on Sept. 30, looking at NFT’s sales volume metric alone doesn’t necessarily paint the full picture of NFTs or games.

Siu pointed out that NFT prices have generally fallen in line with the price of their paired assets such as Ether (ETH), while many games – which don’t often make the headlines – require relatively cheap NFTs. Rather, he pointed out that user activity and the number of people entering Web3 are where the focus should be.

Gods Unchained Beats NFT’s Top 10 Sellers

Meanwhile, NFT-based card battle game Gods Unchained has seen its NFT sales volume climb into the top 10 NFT sales volume in the past 30 days, according to Cryptoslam.

Gods Unchained is up 373.25% in the past 30 days to $10.8 million at the time of writing. This is the first time the game has seen NFT sales exceed $10 million since January, and after a very slow period from February to August.

Related: Yat Siu: Asia GameFi Opportunity Is Huge Because Gamers Don’t Hate NFTs

The reasons behind this could be due to talk of a “Season 2” upgrade to improve the ongoing gameplay and lore and GameStop offering free NFT packs to Pro members this month. Meanwhile, an esports tournament with a $70,000 prize pool was also announced earlier this week.

Gods Unchained has also seen a significant increase in active users over the past 30 days, gaining 28.50% to around 14,180 according to DappRadar. However, the game still has a long way to go to catch up with the top 10, as its user count puts it at twenty-eighth.