Gaming and blockchain technology has seen a significant surge in user activity in the first quarter of 2023. According to a report from DappRadar, the month of March saw the Polygon network become the second-largest blockchain gaming network in terms of daily unique active wallets (dUAWs).
While on-chain gaming activity decreased slightly in March, the industry still shows signs of promise, with gaming playing a pivotal role in driving innovation and progress.
Polygon Sees 53% Growth In Active Wallets
Polygon, a blockchain network that was previously known for its DeFi dApps, experienced a remarkable 53% increase in daily unique active wallets (dUAW) from the previous month. This growth was attributed to the success of Hunters On-Chain by BoomLand, which has helped to establish Polygon as a gaming blockchain.
The latest report also revealed that Wax was the most active gaming blockchain in March, with an average of 314,976 daily unique active wallets. Alien Worlds was responsible for 66% of the activity on Wax.
Splinterlands, on the other hand, claimed 99% of the activity on Hive with an average of 127,242 daily unique active wallets. Meanwhile, Planet IX dominated the on-chain activity on Polygon with 43% in Q1.
Regarding top-performing games, Iskra and Hunters On-Chain by BoomLand stood out in March, boasting remarkable monthly on-chain usage growth of 708% and 15,497%, respectively.
Virtual worlds also saw a surge in activity, with a trade count reaching a new high of 67,165 in March, closing the quarter with 143,735 land sales and a $350 million trading volume.
The report also highlights the impressive growth of Yuga Labs this month, with their gaming NFTs (Sewer Pass, Mechas, Otherside) generating a substantial $153 million in trading volume. The industry’s investments in blockchain games and metaverse projects totaled $434 million in March, bringing the total for Q1 to $739 million.
While some blockchain networks experienced a slight decrease in on-chain gaming activity, the industry’s overall growth and potential for innovation remain strong.
The intersection of gaming and blockchain technology is essential for the growth of both industries, and it is anticipated that there will be further advancements and increased investment in the near future. As these two fields progress, anticipate the emergence of even more exciting innovations.
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