DappRadar Games Report for November 2024, powered by the Blockchain Game Alliance
November 2024 was a landmark month for blockchain gaming, mirroring the broader market’s momentum as bitcoin soared past the $100,000 milestone. With rising user activity, groundbreaking innovations, and surging investments, the gaming sector emphasizes its place as one of the premier driving forces in the Web3 ecosystem.
Key Takeaways
- The blockchain gaming sector grew to capture 28.2% market share, with an average of 6.8 million daily active wallets (dUAW)—a 16% increase compared to October.
- opBNB maintained its position as the leading blockchain for gaming, driven by the success of titles like Seraph: In the Darkness.
- Blockchain ecosystems like Sei, Aptos, and Mantle Network gained significant traction, fueled by games and gaming platforms such as Dragon Slither, STAN, Age of Dino, and Community Gaming.
- KGeN emerged as the top-performing gaming dapp, reaching an impressive 4.66 million dUAW in November.
- In the NFT gaming space, Guild of Guardians led with over $25 million in monthly trading volume, followed by Gods Unchained with nearly $14 million.
- Investments in blockchain gaming and metaverse projects skyrocketed to $222 million, marking a 148% month-over-month increase and highlighting growing confidence in the Web3 gaming ecosystem.
Table of Contents
- Blockchain gaming overview
- Explore November gaming leaders
- $222 million invested into Web3 gaming
- Closing words
1. Blockchain gaming overview
The November Dapp Industry Report, published last week by DappRadar, highlights a pivotal moment for the blockchain sector, with activity soaring to an all-time high of 24.6 million daily unique active wallets (dUAW) interacting with various dapps. This milestone underscores the growing excitement around the Web3 ecosystem, especially as bitcoin surpasses the historic $100,000 valuation mark.
This surge in engagement reflects a strong bullish sentiment across blockchain verticals. However, for the fourth consecutive month, DeFi has overtaken blockchain gaming as the leading product category. DeFi now dominates with 33.4% of the market share, while blockchain gaming holds 28.2%, representing 6.8 million dUAW—a 16% month-over-month increase.
In the gaming sector, opBNB emerged as the top-performing blockchain, driven by the popularity of titles like GombleGames and Seraph in the Darkness. Close behind, Matchain secured the second spot, achieving significant growth thanks to the success of its leading gamification platform, LOL.
Aptos also demonstrated impressive growth in November. A major highlight was the November 13 launch of The Evergreen: Midnight Market by Midnight Evergreen Technologies, Inc. Developed in collaboration with the Aptos Foundation, this innovative MMORPG introduces a composable gaming framework where players engage in high-stakes gameplay, craft items, and earn tokens.
The Sei Network had a breakout month, led by the success of the Dragon Slither game dapp, and various other gaming dapps. November also saw exciting developments in the Sei ecosystem:
- Drift Zone, a Web3 studio specializing in Gacha games, secured a $190,000 grant on November 15th to integrate its ecosystem with Sei.
- SEIYARA, an intergalactic farming simulation game, officially launched to the public on November 1st, following a successful beta phase that attracted over 370,000 monthly active players.
SKALE also recorded significant growth, particularly on its Europa and Calypso chains, with games like Hello Pixel and Pixudi leading the charge. SKALE’s gaming ecosystem continues to expand with several notable launches:
- DexGo: An augmented reality move-to-earn game rewarding users for healthy lifestyles with zero gas fees.
- Katana Inu: A multiplayer PC game focusing on fast-paced spell and sword combat, now building on SKALE for gas-free gameplay.
- Cryptopia: A strategic RPG entirely on the blockchain, partnering with SKALE for seamless, gas-free gaming experiences.
- Savvio: A DeFi platform integrating gamification and zero gas fees to enhance accessibility.
The rise of new upcoming ecosystems underlines the demand for fast, cheap and secure infrastructure for gaming experiences. While not each of these dapps can be considered a AAA game in the modern gaming market, technical innovation is happening.
2. Explore November gaming leaders
November was a dynamic month for blockchain gaming, with top dapps engaging players through innovative events, immersive experiences, and lucrative rewards. Let’s dive into the standout performers that captured the spotlight.
GombleGames
GombleGames wrapped up its Launchpool #2 campaign, merging its GOMBLE SQUAD social gaming portal with EggDrop, a popular hyper-casual game on Telegram. This unique integration elevated player engagement by combining individual gameplay with collaborative team strategies, delivering an engaging social gaming experience.
SERAPH: In the Darkness
November marked a major milestone for SERAPH: In the Darkness as its official Steam page went live. The page provides detailed game insights, visuals, and videos, encouraging players to follow for updates on the release schedule and future events.
Boomland
Boomland launched Season 2 of its BOOM token airdrop campaign, in partnership with Game7’s LootDrop platform. The six-week event offers players a chance to claim a share of a 100 million $BOOM token prize pool, valued at $1 million during the Token Generation Event.
World of Dypians
On November 27, World of Dypians (WoD) conducted its Token Generation Event (TGE) for the utility token $WOD, marking a significant milestone for its ecosystem. The event, held at 11:00 UTC, drew over 1.25 million global community members, offering new economic opportunities within its immersive virtual world.
Top Gaming NFTs of November
Guild of Guardians
Guild of Guardians (GoG) remained a leader in the NFT gaming space, excelling in trading volume and user engagement. Key November highlights include:
- New Characters: On November 20, GoG introduced Hana (The Miraculous Mage) and Dribb (The Goblin Champion), which players could obtain through in-game events or Calling Crystals.
- Pets Feature: On November 27, GoG launched Pets, NFT companions with passive skills that enhance gameplay. Pets boost resource and energy accumulation, providing players opportunities to earn items in Adventure Mode, adding depth and customization to the experience.
Gods Unchained
Gods Unchained kicked off Season 2, introducing fresh community-driven game modes to diversify gameplay and foster creativity:
- Pauper Mode: Decks are limited to common cards, promoting accessibility.
- Underdog Mode: Top 500 most-used cards in Ranked mode are banned, encouraging unique strategies.
- Flashback Genesis: Reintroduces the classic Genesis card set for nostalgic gameplay.
- Singleton Mode: Limits decks to one copy per card, emphasizing versatility.
- Flashback Divine Order: Brings back the Divine Order card set for competitive play.
In late November, the game announced “The Bull Run”, the first event for Sealed Mode, beginning December 3. Features include:
- A new prize pool for competitive players.
- Bonus $GODS rewards for achieving milestones.
- A reduced entry fee of 5 $GODS (~$1.20), increasing accessibility.
Axie Infinity
November was a mixed month for Axie Infinity, with notable developments:
- On November 21, Sky Mavis announced a 21% workforce reduction, aiming to streamline operations and focus on core products, including Ronin Wallet, Mavis Marketplace, and a new Axie game planned for Q1 2025.
- The “Wings of Nightmare” event launched, introducing the Lunacian Dream World. This feature allows players to evolve Axies’ base parts into Nightmare Parts, capped at 39,000, driving scarcity and player engagement.
3. $222 million invested into Web3 gaming
November saw a remarkable surge in blockchain gaming and metaverse investments, totaling $222 million, a 148% increase compared to the previous month. This growth underscores the growing excitement and confidence in the Web3 gaming and metaverse ecosystems.
However, it’s worth noting that this impressive total stems from just three major investments, with the lion’s share attributed to a single significant funding round. Here’s a breakdown of the month’s key investments:
1. Accolade Partners: $202 Million
The largest investment of the month came from Accolade Partners, which closed its third blockchain-focused fund, Accolade Blockchain III, at $202 million. While this fund is not solely focused on gaming, its aim to support blockchain startups in DeFi, gaming, and stablecoins highlights the continued interest in diverse blockchain applications.
2. Kratos Gamer Network (KGeN): $10 Million
Kratos Gamer Network (KGeN), a decentralized gaming guild, secured $10 million in an ecosystem funding round. The round was led by Aptos Labs, with additional participation from Polygon and Game7. This investment elevated KGeN’s valuation to $500 million, reflecting the growing interest in decentralized gaming guilds and their potential in shaping Web3 gaming ecosystems.
3. Animoca Brands and Mocaverse: $10 Million
In the metaverse space, Animoca Brands announced an additional $10 million tranche of funding for Mocaverse, bringing its total funding to $31.88 million over the past year. This latest investment includes a free-attaching warrant for the MOCA Coin utility token, with an implied fully diluted valuation (FDV) of $1 billion, aligning with the structure of previous funding rounds. Mocaverse continues to position itself as a significant player in the metaverse economy.
As the year draws to a close, these investments highlight a vibrant and expanding blockchain gaming and metaverse ecosystem. With the year shaping up to be one of the most exciting in Web3 history, the momentum in investments sets the stage for a promising and innovation-driven 2025.
4. Closing words
November 2024 has been a remarkable month for blockchain gaming and the broader Web3 ecosystem. From record-breaking wallet activity to groundbreaking investments and innovative gaming experiences, the industry continues to demonstrate its resilience and potential.
As the year wraps up, the blockchain gaming sector is poised for even greater achievements, driven by creativity, strategic partnerships, and growing user engagement. The momentum built in 2024 lays a solid foundation for an exciting 2025, filled with opportunities for innovation and growth.
Stay tuned as we continue to track the evolution of blockchain gaming and its impact on the decentralized future!
