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Play-to-earn Gaming Dominates the Blockchain Space

Posted by
Hristina Yordanova

Blockchain-based games attract new users

Play-to-earn games like Axie Infinity, CryptoBlades, and Alien Worlds all show an increase in unique active wallets in the past thirty days. The play-to-earn community is growing by the minute, as blockchain-based games dominate DappRadar rankings.

According to DappRadar data, play-to-earn games across all blockchains are performing well in terms of attracting more unique users. In the past thirty days, all major games saw significant increases in the number of unique active wallets. 

CryptoBlades on Binance Smart Chain is one of the top performers of the month. It saw upwards of an 8,000% increase in unique wallets. In addition, Axie Infinity saw 314% more users, while Alien Worlds attracted 84% more unique active wallets. 

Interestingly, the DappRadar rankings that have been predominantly populated by decentralized finance applications are now seeing more games climb to the top. In the past thirty days, three out of the top ten dapps in terms of increase in unique active wallets are blockchain-based games. 

Why is play-to-earn becoming so big?

The traditional gaming industry saw a huge spike in users and volume as technology became more accessible worldwide. The rise of the video game as a format for entertainment was spectacular. However, as blockchain technology advances a new prospect arose for players. Paying to play video games is no longer the only sustainable business model. With the rise of play-to-earn opportunities, gamers are seeing that there is a way to enjoy a game, and actually, financially benefit from playing.

Considering the 180-degree turn from paying to play to playing to earn, blockchain games are bound to become even more popular in the future. Play-to-earn disrupts the gaming industry completely by giving back to players. Blockchain-based play-to-earn opportunities are also a great vehicle to create communities. In combination with earning opportunities, this is a recipe for success.

DappRadar will continue monitoring the development of play-to-earn as a concept, and its global adoption across blockchains. Stay tuned and follow along with us. 

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