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August Sees Significant Growth in Blockchain Gaming

14.09.2024 14:00 1 min. read Alexander Stefanov
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August Sees Significant Growth in Blockchain Gaming

Blockchain gaming reached a notable peak in August with 4.2 million daily active users, as reported by DappRadar.

The industry saw a 5% increase in unique daily active wallets last month, though it was surpassed by AI-related sectors in overall activity.

Ronin led the blockchain gaming sector, seeing a 24% rise in unique active wallets to 1.32 million, driven primarily by games like Pixels and Forgotten Runiverse. opBNB followed with a 50% increase to 688,000 wallets, buoyed by “SERAPH: In the Darkness” and Gomble Games.

The SKALE Network was third, growing by 10% to 352,000 wallets, with titles such as motoDEX and World of Dypians contributing to this rise.

KGeN emerged as the top individual gaming application, boasting over 2.3 million active users across nine blockchains, offering gamified rewards. Immutable’s BoomLand secured the second spot with nearly 1.9 million users, while Pixels completed the top three with 1.34 million users.

The MMORPG Lumiterra on Ronin also completed its closed beta with a player retention rate exceeding 80% and 728,000 unique active wallets in August.

Investment in blockchain gaming has reached about $580 million this year, placing it fifth among crypto sectors for venture funding. This amount is approaching last year’s total of $664 million but still falls short by nearly $100 million.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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