However, blockchain games have still spiked by 9.51 per cent in the second quarter of 2022. In fact, $2.5 billion were invested in blockchain gaming in both Q1 and Q2, as per the report. “We think that blockchain gaming is going to be key in the next two or three years and is going to bring at least 100 million new users into crypto, for one simple reason, they connect NFTs and DeFi. With all three combined, blockchain gaming, NFTs and DeFi you will see something genuinely new and exciting,” said DappRadar’s CEO Skirmantas Januskas.
The DeFi landscape was the most affected blockchain vertical. Transactions in DeFi have fallen by 14.81 per cent. Meanwhile, the NFT market shows a 67 per cent decline in trading volume and 21 per cent in the number of transactions since May. “The most significant drop happened in May, transaction volume decreased by 67%, and the sales count dropped by 21 per cent,” the report said.
Meanwhile, the average amount of unique active wallets (UAWs)...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...