Despite the challenges faced by the blockchain industry over the past year, 2023 is off to a promising start, especially in the field of gaming. A new report from DappRadar gives the last on-chain analysis weather for the month of February regarding blockchain gaming.
Blockchain activity gaming industry
The blockchain gaming industry is a rapidly evolving sector that experienced some fluctuations in its daily unique active wallets (dUAW) in February. The average number of daily unique active wallets connecting to blockchain gaming dApps amounted to 752,735 in February. This is a decrease of 12.33% compared to the first month of the new year. However, this decline did not come as a complete surprise, as February is generally a slow month for the sector.
Despite the slight decline, blockchain gaming still remains the most dominant sector when it comes to the number of daily unique active wallets. This indicates the continued interest and demand for blockchain-based games and their potential to transform the gaming industry. In total, it has a dominance of 45.43%: a slight decrease from January’s 48.5%.
In the February report of the overall crypto industry informed DappRadar that the dominance of Decentralized Finance (DeFi) achieved an increase from 21% to 24% with an average of 390,675 dUAW. The non-fungible token (NFT) sector also managed to increase its dominance from 8.47% to 9.46% with an average of 153,337 dUAW.
Blockchain gaming investing
In January, there was an impressive $156 million in investments in blockchain games. In February, we still see strong investment in the emerging sector, raising a total of $148 million. Although this is a slight decrease compared to January, it is still a very positive start to the new year in terms of investments in blockchain games.
Of the $148 million raised last month, 65.2% will go to games and the metaverse, 26.1% to infrastructure, and 4.3% to NFTs.