Crypto Gaming Breaks All Records: Dapps Overtake DeFi

The global cryptocurrency news reports the growth of the interest in crypto gaming. More than half of active wallets were connected to blockchain games in October 2021. Currently, the number of wallets connected to gaming dapps is bigger than the ones connected to DeFi protocols.

October 2021 has become one of three the most successful months for blockchain gaming. According to numerous researches, the number of users interacting with gaming dapps is counted 1.19 million, which means 55% of the unique active wallets (UAW). And the DeFi protocols have become less popular among players who use e-wallets.

The majority of the blockchain games showed the incredible results of an increasing number of UAW users. Partly, the reason for this growth is an NFT game Axie Infinity, which has the recently released AXS token staking feature. For example, in October 647 000 UAW connected to one of the most popular blockchain games. It’s more than in September 2021 by 27%.

Moreover, Metaverse platforms’ tokens increased in value as well. And the reason for that was Facebook’s rebranding into a new virtual space Meta.

Inspired by the crypto games’ significant growth, other blockchains decided to actively develop their own gaming platforms. Solana Ventures, Lightspeed Venture Partners, and FTX have announced a $100 million collaboration to launch games on Solana. According to the announcement, it will let the crypto games become even more popular due to the high-speed network and low-cost features.

Find more news on the gaming industry on the Login Casino website.

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