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Gaming Dominates Blockchain Connections at 51%, Says August 2022 DappRadar Report

According to the latest August 2022 report by DappRadar, the blockchain gaming industry continues to dominate in terms of unique active wallets (UAW) connected to various platforms.

In August 2022, gaming platforms on blockchains accounted for 847,230 daily Unique Active Wallets and $698 million in transactions.

Gaming dominance has however declined significantly in August 2022, with the proportion of unique active wallets dropping from 57% to 51%.

As gaming declined, active DeFi wallets, on the other hand, climbed from 26% in July 2022 to 29% in August 2022. Still, Defi’s total value locked (TVL) is currently ‘alarmingly’ low at $74.21 billion considering TVL was $250 billion just 8 months ago in January 2022.

On gaming, another Dappradar Report from August indicates that blockchain games are quietly surviving the bear market better than other categories.

The 967,662 UAW that connected daily in July 2022 was an 8% month-over-month increase from June 2022, a 98% increase year-over-year. One strong reason for this growth, in spite of the bear market, was attributed to blockchain games operating on less expensive networks.

Some of these blockchains identified by DappRadar are:

  • Flow
  • Hive
  • Solana

A few highlights of how the different gaming blockchains performed in July 2022:

  • Wax decreased by 13% from June 2022 to 362,524 UAWs daily
  • Wax still accounts for 42% of gaming activity
  • Hive saw an 8% increase in daily wallets, to 148,414 UAWs in July
  • Wallets on BSC increased by 2% surpassing 85,000
  • Solana wallets grew 85% MoM
  • Flow grew 921% MoM – 17,595 average daily UAW

The main reason for Flow’s performance was attributed to the investments by Dapper Labs, support for Flow NFTs, and the integration of Flow NFTs on Facebook and Instagram.

 

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