Play-to-Earn Blockchain Gaming Grows Significantly Over the Past Year

Play-to-Earn gaming blockchain activity grows significantly, year-on-year. As gamers’ interest in the market increases.

According to the report published on April 20th by DappRadar, in association with the Blockchain Gaming Alliance (BGA), year-on-year blockchain gaming user activity has grown by a whopping 2,000%. The report solely focuses on the past 12 months of blockchain gaming space.

Report noted that while during the past year, there have been many micro and macro level challenges that the market had to deal with, the user activity in the space is growing steadily. The market has seen a few security issues in the meantime, I.e. Ronin incident, which highlights the fact that there exists security pitfalls. Though, development and funding have been two of the market’s first and foremost priorities.

Market has also shown some strong confidence in the first quarter of year 2022, as 52% of all blockchain activity is of usage and investments in blockchain gaming. Alone in March 2022, 1.22 million UAWs (Unique Active Wallets) have entered the space.

Besides Axie Infinity, there are many other blockchain games, I.e. Aavegotchi and Crazy Defense Horses have gained gamers’ interest in the past 12-months. Since the start of the year Aavegotchi and Crazy Defense Horses have solely caused Polygon’s activity to increase by 219%.

Moreover, during the Q1 of 2022 the market raised $2.5 billion in funding, which is up by 150%, as compared to the funding of the year 2021’s corresponding period.

While currently blockchain gaming is still in its early stages, the kind of interest the idea is gaining from the gaming community is quite overwhelming. It is safe to presume that within the next few years blockchain gaming will be one of the booming industries in blockchain.