Polygon Network emerges as a leader in the 1st quarter of 2023
Gaming and blockchain technology have seen a significant increase in user activity in the first quarter of 2023. According to a report by DappRadar, in the month of March, the Polygon network became the second largest blockchain gaming network in terms of daily unique active wallets (dUAWs).
While on-chain gaming activity fell slightly in March, the industry still shows signs of promise, with games playing a central role in driving innovation and progress.
Polygon sees 53% growth in active wallets
Polygon, a blockchain network previously known for its DeFi dApps, experienced a remarkable 53% increase in daily unique active wallets (dUAW) from last month. This growth was attributed to the success of Hunters On-Chain by BoomLand, which has helped establish Polygon as a gaming blockchain.
The latest report also revealed that Wax was the most active gaming blockchain in March, with an average of 314,976 daily unique active wallets. Alien Worlds was responsible for 66% of the activity on Wax.
Splinterlands, on the other hand, claimed 99% of the activity on Hive with an average of 127,242 daily unique active wallets. Meanwhile, Planet IX dominated in-chain activity on Polygon with 43% in Q1.
In terms of top performing games, Iskra and Hunters On-Chain by BoomLand stood out in March, boasting remarkable monthly on-chain growth of 708% and 15,497% respectively.
Virtual worlds also saw a surge in activity, with trade numbers reaching a new high of 67,165 in March, ending the quarter with 143,735 land sales and trade volume of $350 million.
The report also highlights the impressive growth of Yuga Labs this month, with their gaming NFTs (Sewer Pass, Mechas, Otherside) generating a significant $153 million in trading volume. Industry investments in blockchain games and metaverse projects totaled $434 million in March, bringing the total for Q1 to $739 million.
While some blockchain networks experienced a slight decline in on-chain gaming activity, the industry’s overall growth and potential for innovation remains strong.
The intersection of gaming and blockchain technology is crucial to the growth of both industries, and it is expected that there will be further advances and increased investment in the near future. As these two fields evolve, anticipate the emergence of even more exciting innovations.
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