Blockchain gaming has reached a significant milestone in August, achieving a record-breaking 4.2 million daily active users, according to a recent report by DappRadar. This marks a 5% increase in daily unique active wallets (dUAW) within the web3 gaming industry, demonstrating the growing popularity and adoption of blockchain-based games. Ronin, in particular, continues to assert its dominance in the blockchain sector, with over 1.3 million active users registered last month.
Ronin’s Continued Dominance
Ronin has solidified its position as a leader in the blockchain gaming landscape, boasting the highest average number of Unique Active Wallets (UAW) in August. The platform experienced a 24% growth in UAW, reaching an impressive 1.32 million active users. Games like Pixels and Forgotten Runiverse were instrumental in driving activity on the Ronin network during the month, contributing to its continued success.
In the second spot, opBNB emerged as the second most active network with 688,000 UAW during the same period. The network saw a 50% increase in active users, thanks to popular titles such as “SERAPH: In the Darkness” and the mobile games platform Gomble Games. SKALE Network rounded out the top three most active blockchains for web3 gaming in August, recording a 10% growth to reach 352,000 UAW, driven by games like motoDEX and World of Dypians.
The Multichain Ecosystem Captures Users
KGeN emerged as the leading gaming application in August, attracting over 2.3 million UAW. This gaming ecosystem, based on nine different blockchains, offers rewards and gamified quests for its users, making it a popular choice among players. Immutable-based mobile title BoomLand followed closely behind with nearly 1.9 million UAW, while Pixels rounded up the trio of most played games with 1.34 million UAW.
Additionally, the completion of the closed beta test phase of the MMORPG Lumiterra on Ronin was highlighted in the report. With a $1 million prize pool, the game reported an impressive player retention rate of over 80% during the first seven days of testing, garnering a total UAW of 728,000 in August.
Investment Trends in Blockchain Gaming
Blockchain gaming has emerged as a lucrative sector within the crypto industry, attracting significant investments from venture capital (VC) funds. In 2024, the gaming sector raised nearly $580 million in investments, positioning it as the fifth-largest recipient of capital within the crypto space. This figure comes close to the $583 million raised by centralized crypto platforms, indicating the growing interest in blockchain-based gaming projects.
Notably, the amount raised by projects in the blockchain gaming industry this year is approaching the total raised last year, falling just under $100 million shy of the $664 million mark. This trend underscores the continued growth and potential of blockchain gaming as a viable investment opportunity for both VCs and individual investors.
In conclusion, the record-breaking 4.2 million daily active users in August demonstrate the increasing popularity and adoption of blockchain gaming. With platforms like Ronin leading the way and a diverse range of games attracting players, the future looks bright for the web3 gaming industry. As investments continue to pour into the sector, we can expect further innovation and growth in the world of blockchain gaming.