ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

Polygon Teams Up With Ethereum-Based Crypto Project To Create Blockchain Dedicated to Gaming

March 22, 2023

Crypto Game Aavegotchi to Build Custom Blockchain Using Polygon Technology

March 22, 2023

Biggest Movers: XRP Surges to Strongest Point Since November

March 22, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Polygon Teams Up With Ethereum-Based Crypto Project To Create Blockchain Dedicated to Gaming

    March 22, 2023

    Crypto Game Aavegotchi to Build Custom Blockchain Using Polygon Technology

    March 22, 2023

    Biggest Movers: XRP Surges to Strongest Point Since November

    March 22, 2023

    Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

    March 22, 2023

    Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023

    March 22, 2023

    Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023

    March 22, 2023

    Cathie Wood’s ARK sells Coinbase stock for the first time in 2023

    March 22, 2023

    The impact of the Credit Suisse bank crisis on the crypto market

    March 22, 2023

    BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

    March 22, 2023

    Arbitrum airdrop hype helps zkSync addresses jump over 5X in a week

    March 20, 2023

    Synthetix nets $20M from Web3 quant trading firm

    March 20, 2023

    These 5 cryptocurrencies may continue to surprise to the upside

    March 19, 2023

    Why is Cardano price up today?

    March 22, 2023

    Coinbase Adds Highly Anticipated Ethereum (ETH) Scaling Solution Token to Listing Roadmap

    March 22, 2023

    ‘Crypto FUD’ — Industry outraged as White House report slams crypto

    March 22, 2023

    Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

    March 21, 2023

    Polygon Teams Up With Ethereum-Based Crypto Project To Create Blockchain Dedicated to Gaming

    March 22, 2023

    Crypto Game Aavegotchi to Build Custom Blockchain Using Polygon Technology

    March 22, 2023

    Biggest Movers: XRP Surges to Strongest Point Since November

    March 22, 2023

    Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

    March 22, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    Hottest ZK Crypto Altcoins (What Whales are Buying for Bull Run Gains)

    March 21, 2023

    Surprise XRP PUMP! (CBDCs BANNED Forever)

    March 21, 2023

    Coinbase 🤝 SBF?! #crypto #shiba #shorts #youtubeshorts

    March 21, 2023

    The Next 50x Altcoin – Ethereum’s SECRET Weapon!

    March 21, 2023

    Bitcoin price is going to $1,000,000! ⚡ Jack Mallers explains why

    March 20, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.001.72% 24H
    BITCOIN
    24H : 1.72%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.040% 24H
    ETHEREUM
    24H : 0.040%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.30% 24H
    TETHER
    24H : -0.30%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-2.94% 24H
    BNB
    24H : -2.94%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.000.030% 24H
    USD COIN
    24H : 0.030%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.001.41% 24H
    XRP
    24H : 1.41%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.008.14% 24H
    CARDANO
    24H : 8.14%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.004.93% 24H
    DOGECOIN
    24H : 4.93%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.001.72% 24H
    BITCOIN
    24H : 1.72%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.000.040% 24H
    ETHEREUM
    24H : 0.040%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.30% 24H
    TETHER
    24H : -0.30%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-2.94% 24H
    BNB
    24H : -2.94%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.000.030% 24H
    USD COIN
    24H : 0.030%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.001.41% 24H
    XRP
    24H : 1.41%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.008.14% 24H
    CARDANO
    24H : 8.14%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.004.93% 24H
    DOGECOIN
    24H : 4.93%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Blockchain-based games see an uptick in users despite bear market conditions
Altcoin

Blockchain-based games see an uptick in users despite bear market conditions

Coin TelegraphBy Coin TelegraphJuly 12, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate projects to stand out. 

While most investors are focused on the latest centralized finance (CeFi) and decentralized finances (DeFi) scandal, the blockchain gaming sector has quietly weathered the storm better than other niches of the market.

Total number of unique active wallets interacting with smart contracts. Source: DappRadar

As shown on the chart above, all sectors of the market have experienced a noticeable decline in active users, but the gaming sector has proven to be the most resilient at retaining users as the bear market intensified.

Transactions continue to rise

Further proof of the continued engagement by gamers can be found by looking at the number of transactions occurring in the top sectors of the market.

Total number of transactions sent to smart contracts. Source: DappRadar

With a current count of 173.17 million, the number of gaming-related transactions is significantly higher than any other sector of the market, with the second closest sector being decentralized finance with 8.86 million.

As for which protocols contribute the most to the transaction count, WAX, Hive, BNB Smart Chain (BSC), Solana (SOL) and Ronin are the most active, led by WAX with a current transaction count of 158.23 million.

Total number of transactions per protocol. Source: DappRadar

While the total value transacted remains dominated by exchanges, a growing number of users currently active in the crypto ecosystem can be found in the gaming sector.

WAX and BSC attract new users

Data shows that users are specifically drawn to WAX and Binance Smart Chain, which saw 2.94 million and 2.49 million users.

Total number of unique users per protocol. Source: DappRadar

Alien Worlds on WAX and BNB Chain currently holds the top spot with 196,700 users, followed by Splinterlands with 147,820 active users. It’s also worth noting that the top three games in terms of active users operate on WAX.

Top 6 games by the number of active users. Source: DappRadar

While it has fallen far down the list, Axie Infinity (AXS) has consistently been one of the most active games for the past year and a leader in terms of the value transacted.

Related: Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’

Gaming is bigger than music, movies, and TV combined.

It’s compounding 10% year on year.

The $100bn a year spent “renting” items is going to turn into a trillion dollar ownable economy.

All of it will be built on web3. pic.twitter.com/TQz6xxa8hx

— Robbie Ferguson ⓧ – Hiring! (@0xferg) June 30, 2022

Despite the sharp correction in blockchain gaming-related altcoins, gaming has proven to be one of the more resilient sectors in terms of retaining active users.

This fact, combined with the rising popularity of the gaming industry, suggests that it’s one sector that has the potential to lead the way into the next bull market.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why is Cardano price up today?

March 22, 2023

Coinbase Adds Highly Anticipated Ethereum (ETH) Scaling Solution Token to Listing Roadmap

March 22, 2023

‘Crypto FUD’ — Industry outraged as White House report slams crypto

March 22, 2023

Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

March 21, 2023

Euler Finance to enter talks with exploiter over the return of funds

March 21, 2023

24,940,023,596,035 Shiba Inu (SHIB) Worth Over $276,000,000 Transferred From Crypto Exchange to Self Custody: Santiment

March 21, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Polygon Teams Up With Ethereum-Based Crypto Project To Create Blockchain Dedicated to Gaming

March 22, 2023

Crypto Game Aavegotchi to Build Custom Blockchain Using Polygon Technology

March 22, 2023

Biggest Movers: XRP Surges to Strongest Point Since November

March 22, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.