The latest report from DappRadar is up, and the numbers reveal a clear trend in the growing GameFi section. It appears that the interest in the space is higher than ever as money keeps finding its way into blockchain-based online gaming projects.
Booming GameFi
According to the January report from popular data resource, DappRadar, GameFi is booming and blockchain-based online games received over $1 billion in funding in January alone. By comparison, for the whole of 2021, the sector recorded investments worth $4 billion.
Interestingly, the report also reveals that this particular category accounts for 52% of the blockchain’s activity in 2022 so far.
One of the leading names in the field remains Harmony’s DeFi Kingdom (JEWEL). The game generated more than $1.5 billion in transactions through January, 243% more than Axie Infinity, a giant in the blockchain gaming space. JEWEL also has $775 million in TVL, which represents 60% of the total value locked across the entire Harmony Network.
Top Games Persist Despite Market Crash
The report also notes that in the third quarter of 2021, blockchain-based games managed to become the most dominant dApp category when it came to usage. Back then, they accounted for 45% of the activity within the entire industry, and this number has now risen to 52%.
Either way, one of the most important metrics for these projects is their user retention. For example, Splinterlands – one of the most popular games, also currently the most played, saw a growth in its unique active wallets of 4.5% in January compared to December 2021, and this number currently stands at 312 000 UAW.
CryptoPotato reached to Splinterlands for commentary on the above and here’s what Jesse “Aggroed” Reich, the CEO and Co-Founder of the project had to say:
January has been an amazing month for Splinterlands. We have released our 6th edition map which is called Chaos Legion. It’s been remarkably popular and we’ve seen a ton of accounts come back to get the new packs and re-engage, while we’ve also seen a bunch of new players enter the ecosystem.
Another game that has noted a slight increase in the number of UAW is Axie Infinity, which enjoys over 100,000 daily unique active wallets. Interestingly enough, Sky Mavis, the developer of Axie, claims that there are 2.8 daily active users playing the game every single day.
