{"id":307499,"date":"2023-03-10T10:15:03","date_gmt":"2023-03-10T10:15:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=307499"},"modified":"2023-03-10T09:45:14","modified_gmt":"2023-03-10T09:45:14","slug":"gaming-accounts-for-45-of-industry-despite-decrease-in-activity","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/gaming-accounts-for-45-of-industry-despite-decrease-in-activity\/","title":{"rendered":"Gaming accounts for 45% of web3 industry active wallets despite decrease in activity"},"content":{"rendered":"

On-chain gaming accounts for 45.43% of the decentralized application (dApp) industry, even though gaming-related Daily Unique Active Wallets (dUAW) recorded a 12.33% decrease in February, a recent DappRadar report revealed.<\/p>\n

As of the end of February, there are 752,735 dUAW recorded on-chain, according to the DappRadar report<\/a>. Despite the overall decrease, two games – Oak of Peak and Trickshot Blitz- increased their on-chain user counts. Game developer Unity also demonstrates its bullish sentiment towards the industry and entered the field by offering 13 blockchain-based software development kits (SDK).<\/p>\n

Blockchain Gaming<\/h2>\n

The report notes that the 12.33% decrease recorded last month shows consistency with the previous years, as “February tends to be a slow month for the industry.”<\/p>\n

Even though gaming still accounts for almost half of the industry activity, its dominance didn't remain intact from the shrinking dUAW numbers.<\/p>\n

\"DeFi
DeFi vs. Gaming dominance (Source: DappRadar)<\/figcaption><\/figure>\n

February's 45% marks a decrease from gaming's dominance over the industry in January, which was 48%. The current dominance rate rewinds the growth recorded in January and returns dominance rates to the same as in December 2022.<\/p>\n

Regardless, gaming continues to hold absolute dominance over DeFi. Compared to gaming, DeFi recorded an increase in dominance rates, reaching 24% from January's 21%. However, this is still nearly half of gaming's 45%.<\/p>\n

Going against the tide<\/h2>\n

The overall decrease in the number of dUAWs reflected on all major gaming blockchains, except for WAX (WAXP<\/a>). In February, Wax increased the number of its dUAWs to 342,764, which marks a 3.26% increase.<\/p>\n

\"Top
Top gaming protocols by UAW (Source: DappRadar)<\/figcaption><\/figure>\n

All other major chains recorded decreases in February, with HIVE (HIVE<\/a>) recording the most significant shrink at 36%. Polygon (MATIC<\/a>), BNB Chain (BNB<\/a>), and EOS (EOS<\/a>) also shrunk by 35%, 12%, and 3.44%, respectively.<\/p>\n

The game Oath of Peak strongly went against the tide and became the top-performing game in February by increasing its monthly UAW (mUAW) by 136% and reaching 88,090. Trickshot Blitz was another game that also recorded growth during February by increasing its mUAW to 84,160, marking a 49% increase from the previous month. Finally, Farmers World managed to resist the overall decrease in February by recording a 4% growth in its mUAW.<\/p>\n

Bullish with SDKs<\/h2>\n

The report also noted a newly emerging trend within blockchain gaming: SDKs. Citing Alchemy's Q4 data<\/a>, the report states that there was an 87% growth in Ethereum (ETH<\/a>) SDKs in 2022. Moreover, a 16% increase was recorded in installs during the fourth quarter in comparison to the third of the same year.<\/p>\n

\"Ethereum
Ethereum SDK installments (Source: DappRadar)<\/figcaption><\/figure>\n

Noticing the new trend, the game developer platform Unity also entered the field by offering 13 blockchain gaming SDKs. Unity launched a “decentralization” category in its online store where it listed these SDKs, which include major protocols like Immutable X (IMX<\/a>), Solana (SOL<\/a>),\u00a0 and MetaMask<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

On-chain gaming accounts for 45.43% of the decentralized application (dApp) industry, even though gaming-related Daily Unique Active Wallets (dUAW) recorded a 12.33% decrease in February, a recent DappRadar report revealed. As of the end of February, there are 752,735 dUAW recorded on-chain, according to the DappRadar report. Despite the overall decrease, two games – Oak […]<\/p>\n","protected":false},"author":1262,"featured_media":307504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76844],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nGaming accounts for 45% of web3 industry active wallets despite decrease in activity<\/title>\n<meta name=\"description\" content=\"Daily Unique Active wallets recorded a 12.33% decrease in February, while Oath of Peak, Trickshot Blitz, and Unity remained bullish.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/gaming-accounts-for-45-of-industry-despite-decrease-in-activity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gaming accounts for 45% of web3 industry active wallets despite decrease in activity\" \/>\n<meta property=\"og:description\" content=\"Daily Unique Active wallets recorded a 12.33% decrease in February, while Oath of Peak, Trickshot Blitz, and Unity remained bullish.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/gaming-accounts-for-45-of-industry-despite-decrease-in-activity\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-10T10:15:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T09:45:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/03\/gaming.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/gaming-accounts-for-45-of-industry-despite-decrease-in-activity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/gaming-accounts-for-45-of-industry-despite-decrease-in-activity\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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