Blockchain-based game playing was a bright spot in DappRadar’s most recent report summarizing key industry themes in July.
“While [decentralized finance] and overall blockchain activity have been on the downside, game Unique Active Wallets (UAW) continues to rise, reaching almost 1 million daily wallets,” Pedro Herrera, DappRadar’s head of research, told CoinDesk in an email.
Game dapps contributed to 60% of overall blockchain activity in July, touching an all-time high.
“Although game tokens also suffer from challenging market conditions, blockchain games continue to be played at growing ratios. With relevant gaming events like The Sandbox Alpha Season 3, Illuvium’s Beta gameplay, Gala live games or Axie Infinity’s land staking available, Web3 games are shaping to be the industry’s driving force for months to come,” Herrera added.
NFTs
Non-fungible token (NFT) volumes have weakened during the crypto bear market, with volumes failing to reach $1 billion in trades for the first time...
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