Gaming on the Blockchain Booms: UAWs Grow 60%, On-Chain Transactions Surge 3,260%
-Gaming unique active wallets grew 60% in 2022, with the top three most popular gaming blockchains being Wax (WAXP), Hive (HIVE), and BNB Chain (BNB).
-On-chain gaming transactions increased to 7.4 billion in 2022, recording a 37% increase since 2021.
-The gaming UAWs are now the dominants of the market, accounting for 49% of the on-chain activity.
The world of gaming and cryptocurrency combined has seen remarkable growth over the past few years. According to a recent report from DappRadar, Unique Active Wallets (UAWs) connected to gaming dApps increased by 60%, while on-chain game transactions increased by 37%.
The three most popular gaming blockchains were Wax (WAXP), Hive (HIVE), and BNB Chain (BNB), with 353,000, 234,000, and 136,000 daily UAWs respectively. This pushed the total number of daily gaming UAWs to 1.15 million, and moved gaming to the forefront of DeFi, with UAWs accounting for 49% of the market share.
On-chain game transactions increased from 2.2 billion in 2020 to 7.4 billion in 2022. This impressive 3,260% increase was recorded even during the bear market, making gaming one of the few sectors that continued to expand. On average, one unique wallet conducted 25 gaming on-chain transactions in 2022.
The remarkable growth of gaming in the cryptocurrency sphere has been driven by the growing number of blockchain-based games being developed. More and more gamers are joining the blockchain gaming revolution, making use of the benefits of true asset ownership and the ability to trade assets without the need of a trusted third-party.
The future of gaming on the blockchain is looking bright, and with the increasing popularity of non-fungible tokens (NFTs), gamers may soon be able to own exclusive digital assets that can be used in-game or traded for real-world value. This will open up a whole new world of opportunities for gamers, developers, and investors alike.