Which Are the Leading Altcoins in the Gaming Space? Here is the List! - Coinleaks
Current Date:September 21, 2024

Which Are the Leading Altcoins in the Gaming Space? Here is the List!

With so many protocols and blockchain terms around, it can be confusing for a game developer to understand where to start. Our first and foremost advice is to research the Web3 gaming industry. According to the latest data, among altcoins, Polygon has managed to become the ecosystem with the highest number of active wallets in this field.

The best game on which to develop altcoins

According to the latest research from Delphi Digital, the Polygon ecosystem owns 34% of the total active wallets. This put him in the lead ahead of Solana, who was at 26.80%. BNB Chain is in third place with 17%. Ronin and Hive follow him. By the way, the leading Blockchain, Ethereum, is not even readable!

polygon (MATIC)

Polygon is a Layer-2 sidechain that acts as a scaling platform for Ethereum. The idea is to provide users with all the benefits of Ethereum without the disadvantages like high gas fees and long approval process. The developers have built some of the world’s greatest play-to-earn games on Polygon. For example, Sunflower Land is on Arc8 and Pegaxy Poygon. Along with these names, many dapps have chosen Polygon to help them scale to a wider audience. The native token of the altcoin project is MATIC.

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Among altcoins, Solana is one of the most famous Blockchains in the world. The project also remains a strong candidate for game developers to build on. cryptocoin.com As you follow, the protocol suffered after the collapse of the FTX exchange in late 2022. However, the seasoned team of game experts at Solana maintains a strong position that nothing will derail projects in the future. Great hub from which famous web3 games like Solana Hackathons, Move-to-earn game StepN and farming simulation metaverse DeFi Land, are conferences held several times a year around the world.

BNB Chain (BSC)

BNB Chain is Binance’s Blockchain. EVM compatibility between altcoins provides an advantage. This gives it an excellent position to bridge other Blockchains. Binance and BNB token are mostly known as a centralized exchange and one of the main backbones of DeFi and crypto trading. However, it has become a platform preferred by many game developers. Some of the biggest games on BNB Chain are Era7: Game of Truth, MOBOX, Tiny World, SecondLive, and X World Games. The network also bridges Alien Worlds (WAX), CPL (Polygon), and Tap Fantasy (Solana).

Hive Network (HIVE)

Initially, Hive was forked from the Steem Blockchain. Now the platform is home to the trading card game Splinterlands. The card game is responsible for the lion’s share of the activities. However, Hive is actually an open ecosystem where anyone can create projects. Splinterlands undoubtedly runs the Hive ecosystem. But smaller projects are also popping up all the time. With the release of a futuristic idle strategy game TerraCore in Spring 2023, the Splinterlands team is working on a tower defense game called Soulkeep.

Ronin Netwrok (RON)

Ronin became famous as the Axie Infinity Blockchain. However, it also hosts other heavyweights in terms of user count and transaction volume. Sky Mavis develops and manages the Ronin Network. Meanwhile, it is worth noting that Axie Infinity has been migrated from Ethereum to Ronin after launch. Initially, the project set transaction fees for the Axie Infinity marketplace to zero. But in April 2022, Sky Mavis started incurring small costs. This is not a fixed rate. Also, Ronin Network has released a statement showing the different prices.