Crypto News

Gaming Made Up Over Half Of July’s Blockchain Activities

On July 29th, DappRadar released a new report providing an analysis of the blockchain gaming market during the second quarter of this year. According to this research, gaming decentralized apps made up 60% of all blockchain activity during the month of 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. “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.”

It’s not all good news though on the Web3 front. DappRadar‘s study shows that NFTs failed to reach $1 billion in trades last month for the first time since June 2021.

(All information was provided by CoinDesk and DappRadar)

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