Recently DappRadar has published BGA Blockchain Game Report 2021 which shows more than 1.4 million Unique Active Wallets (UAW) connecting to blockchain games daily. They became the industry’s leading category this year surpassing DeFi.

Total usage of the blockchain transactions in the industry accounted for 49% as per entertainment dApps. Buying and selling entertainment NFTs has grossed over $4.5 billion in trading volume which is accounting for 20% of the $23 billion in NFT trading volume of 2021. On average 200,000 daily UAW get attracted through Splinterlands and Alien Worlds game dapps.

Since the second quarter, sports games are up by 65%. Mostly growth is seen in Play-to-earn and GameFi Dapps after Axie Infinity moved to Ronin and Alien Worlds Trillium (TLM) mining was fully enabled. This growth is 4.33% up from 2020. Wax, Ronin, and Hive blockchains use low transaction fees at high processing speeds which have become sustainable ecosystems for Play-to-Earn and GameFi-dApps. In 2021 Alien Worlds and World Asset Alternate (Wax) have become one of the most important networks with internet data storage leading it to become the most needed GameFi dapps on the market. In 2021, Venture Capital firms (VCs) invested $4 billion funds to support the development and related infrastructure and Creations of the Blockchain game. This funding has increased 5% from 2020. Within the next 12 months, additions and improvements are expected.

Blockchain Games that became the industry’s dominant in 2021:

In 2021 based on off-chain activity Axie Infinity makes the play-to-earn trend with over 2.5 million daily customers. It is also the most traded collection of NFTs at over $ 3.8 billion which is an all-time high in trading volume. A play-to-earn games company Sky Mavis dApp grew 59%. In the second half of 2021, Token Terminal earned revenues of over US $ 1.2 billion which was outperformed compared to large dApps like OpenSea, Uniswap, PancakeSwap. It is also more than “large” blockchains like BSC, Bitcoin, and Solana.

Indrani bose

CBW - External Analyst

INDIA