DappRadar, the global app store for decentralized apps, has revealed new data for web3 and metaverse coins. It also showed that Blockchain games record more than 50 percent of dApp usage. He explained that games continue to be a driving force for the dapp industry, raising more than $748 million. Here are the details…
DappRadar report reveals interesting data on web3 and metaverse coins
In August, 847,000 unique daily active wallets (UAW) interacted with blockchain gaming, down 11 percent on average from last month. Still, the category represents more than 50 percent of industry usage. Alien Worlds and Splinterlands lead the rankings, with an average of more than 150,000 daily wallets each.
The average daily UAW count for top gaming protocol Wax is down 8 percent from July. It saw Hive activity rise 12 percent per month to an average of 169,043 days of UAW. This growth has been driven by the card game Splinterlands, which hit three billion users just months after the game hit two billion users in March 2022. Meanwhile, cryptocoin.comAs we have also reported, Axie Infinity reached 36,000 new users daily in 3 months, despite the hacking event in March.
NFT activity up – metaverse activity down
Another bullish direction for games is NFT activity related to gaming assets. The total transaction volume of the related NFT games increased by 13.25 percent and the number of sales increased by 83.36 percent compared to the previous month. Thus, more than 1.3 million game-related NFTs were traded. Metaverse projects, the transaction volume of the category decreased by 28.90 percent compared to the previous month, falling to $ 22 million. However, the number of sales increased 38.62 percent compared to the previous month and reached 19,354. It shows that the demand for such projects is still significant.
Otherdeeds for Otherside is down 27.41 percent from last month, but still represents 73.23 percent of the total trade volume of metaverses. Decentraland was down 23.86 percent month on month at just under $1.5 million, the lowest since January 2021. Also, NFT Worlds recorded the lowest trading volume ever recorded, down 76.43 percent.
$200 million investment came from Machine Zone founder
On another note, STEPN continues to be one of the largest move to earn apps with over 3 million monthly users. It is establishing its first physical office at Cyberport, Hong Kong’s state-run start-up accelerator. Finally, partnerships and investments in Blockchain games, which raised another $748 million in August, increased 135 percent compared to last month, following the trend witnessed throughout the year. However, it still continued to come, down 16% compared to June.
A $200 million investment, representing 27% of total investments, has come for a new blockchain startup called Limit Break by Gabriel Leydon, founder and former CEO of Machine Zone, the mobile game studio behind Game of War and Mobile Strike.
