<p>Amidst the bear market in 2022, 2023 seems to be ushering in a new phase of growth for the industry. In addition to this, the blockchain gaming ecosystem is also proving to be one of the fastest-growing spheres in the entire ecosystem. In the latest report of DappRaddar, we will tell you the most important updates.</p><div class="raw-html-embed"><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Our January game report, in collaboration with <a href="https://twitter.com/BGameAlliance?ref_src=twsrc%5Etfw">@BGameAlliance</a>🤝 shows that during the launch of Homeland and Origins Season 2, <a href="https://twitter.com/AxieInfinity?ref_src=twsrc%5Etfw">@AxieInfinity</a>'s trading volume surged by 71% to $7.2M!<br><br>Learn more about the latest blockchain gaming insights in our report. 👇<a href="https://t.co/MTugTHgWIG">https://t.co/MTugTHgWIG</a></p>— DappRadar (@DappRadar) <a href="https://twitter.com/DappRadar/status/1628846463835951104?ref_src=twsrc%5Etfw">February 23, 2023</a></blockquote> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><h1><strong>Top Highlights of the DappRadar Report</strong></h1><h2>&nbsp;</h2><h2><strong>1) Axie Infinity Increased Its Adoption</strong></h2><p>A good example of this is Axie Infinity with its recent trading volume surge of 71%, despite its Ronin Network side chain bridge hack. This was one of the worst hacks ever in the DeFi sphere resulting in the loss of crypto worth approximately $622 million. Less than a year later, the NFT game platform records immense growth thanks to its Origin Season 2 and Homeland launch.&nbsp;</p><div class="raw-html-embed"><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Introducing: the new <a href="https://t.co/MtyerCPqFV">https://t.co/MtyerCPqFV</a>!<br><br>🖼 New Art<br>⚡️ Faster Performance<br>🤝 Easier Onboarding to Axie<br><br>Thank you for building this website with us, <a href="https://twitter.com/TriballyGames?ref_src=twsrc%5Etfw">@TriballyGames</a>!<br><br>Learn more 👇<br><br>📜 | <a href="https://t.co/7hUuZ6JLXs">https://t.co/7hUuZ6JLXs</a> <a href="https://t.co/fiEZJIAVsg">pic.twitter.com/fiEZJIAVsg</a></p>— Axie Infinity | #AxieOrigins, #AxieHomeland (@AxieInfinity) <a href="https://twitter.com/AxieInfinity/status/1628959065480261632?ref_src=twsrc%5Etfw">February 24, 2023</a></blockquote> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><p>The blockchain game platform recorded a 71% strategic increase in its trading volume to $7.2 million. Other important highlights from the reports include;</p><ul><li>On-chain gaming activity in the entire blockchain gaming ecosystem records an increase of 1.31% resulting in 858,621 daily UAW.</li><li>Sewer Pass raised a total of $44.6 million in trading volume. The game also sold about 10,560 NFTs in less than a fortnight.</li><li>Trading volume in the metaverse also records a 144% increase to $44.5 million.</li><li>Also, a total of over $156 million has been raised by different blockchain games and web3 projects.&nbsp;</li><li>The top gaming token market cap also records an average increase of 122%. GALA tokens alone record a 218% increase to $384 million.</li><li>Square Enix also launches Symbiogensys, its first-ever NFT game on Polygon (MATIC) chain, etc.</li></ul><p>&nbsp;</p><h2><strong>2) WAX is Still the Best Blockchain According to P2E Gaming Activity</strong></h2><p>&nbsp;</p><p>Also, the WAX chain still <a href="https://dappradar.com/blog/game-and-metaverse-tokens-rally-with-strong-on-chain-metrics">holds the title</a> of being the blockchain network with the most gaming activity. The chain currently boasts of <span style="background-color:rgb(255,255,255);color:rgb(17,17,17);font-family:Roboto, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;">daily Unique Active Wallets (</span>dUAW) as high as 331,000. Notably, Alien World is currently the top game on the WAX blockchain with an estimated 75% dominance.</p><figure class="image image_resized" style="width:69.35%;"><img src="https://dorgs56v2fl5m.cloudfront.net/dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_top_gaming_protocols_by_unique_active_wallets_1c60c19402.png" alt="dappradar.com-game-and-metaverse-tokens-rally-with-strong-on-chain-metrics-top-gaming-protocols-by-unique-active-wallets.png" srcset="https://dorgs56v2fl5m.cloudfront.net/thumbnail_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_top_gaming_protocols_by_unique_active_wallets_1c60c19402.png 238w,https://dorgs56v2fl5m.cloudfront.net/small_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_top_gaming_protocols_by_unique_active_wallets_1c60c19402.png 500w,https://dorgs56v2fl5m.cloudfront.net/medium_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_top_gaming_protocols_by_unique_active_wallets_1c60c19402.png 750w," sizes="100vw"></figure><p>The Hive chain is the second most popular network with a dUAW of 183,108. Notably, Spinterland currently dominates the Hive blockchain with about 75% dominance. Polygon (MATIC) takes third place with a dUAW of 138,701.</p><p>&nbsp;</p><h2><strong>3) ApeCoin, The Sandbox, and Gala Games Leads Gaming Marketcap</strong>&nbsp;</h2><p>&nbsp;</p><p>According to the <a href="https://dappradar.com/blog/game-and-metaverse-tokens-rally-with-strong-on-chain-metrics">report</a>, ApeCoin is currently at the top of the blockchain gaming ecosystem in terms of market capitalization. Notably, ApeCoin currently has a market cap of $2,112,042,188 which is a 51.99% increase from its previous market capitalization at the beginning of the month.&nbsp;</p><figure class="image image_resized" style="width:71.43%;"><img src="https://dorgs56v2fl5m.cloudfront.net/dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_image_facc3e41e5.png" alt="dappradar.com-game-and-metaverse-tokens-rally-with-strong-on-chain-metrics-image.png" srcset="https://dorgs56v2fl5m.cloudfront.net/thumbnail_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_image_facc3e41e5.png 245w,https://dorgs56v2fl5m.cloudfront.net/small_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_image_facc3e41e5.png 500w,https://dorgs56v2fl5m.cloudfront.net/medium_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_image_facc3e41e5.png 750w," sizes="100vw"></figure><p>Next on the list is SAND, which has a market capitalization of $1,254,095,783, etc. However, GALA only has a market cap of $384,667,325. This market cap, however, stems from a percentage increase of 218.75%. Notably, Gala Games’ recent purchase of a mobile gaming studio has been touted as the reason behind its unprecedented market cap increase.&nbsp;</p><p>&nbsp;</p><h2><strong>4) Top 5 Games by Unique Active Users (UAW)</strong></h2><p>&nbsp;</p><p>The recently acquired mobile studio has over 15 games and an estimated 20 million active users. Notably, some top games by UAW include:</p><ul><li>Alien Worlds,</li><li>Splinterlands,</li><li>Planet IX,</li><li>Nine Chronicles,</li><li>Axie Infinity, etc.</li></ul><figure class="image image_resized" style="width:64.89%;"><img src="https://dorgs56v2fl5m.cloudfront.net/dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_top_10_games_of_january_2023_e7caaea5a6.png" alt="dappradar.com-game-and-metaverse-tokens-rally-with-strong-on-chain-metrics-top-10-games-of-january-2023.png" srcset="https://dorgs56v2fl5m.cloudfront.net/thumbnail_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_top_10_games_of_january_2023_e7caaea5a6.png 209w,https://dorgs56v2fl5m.cloudfront.net/small_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_top_10_games_of_january_2023_e7caaea5a6.png 500w,https://dorgs56v2fl5m.cloudfront.net/medium_dappradar_com_game_and_metaverse_tokens_rally_with_strong_on_chain_metrics_top_10_games_of_january_2023_e7caaea5a6.png 750w," sizes="100vw"></figure><p>&nbsp;</p><h2><strong>Conclusion</strong></h2><p>&nbsp;</p><p>Despite the bearish trend in the blockchain gaming and crypto space in the year 2022, blockchain gaming is on the rise. It is, therefore, expedient to stay abreast of important updates in the blockchain gaming space.</p>

Axie Infinity Classic

Axies are dangerous animals who enjoy fighting and hunting for wealth! So, grab an Axie collection in an ever-expanding Axie Infinity universe!

Splinterlands

Splinterlands is play-to-earn and free-to-play game that runs on the Hive blockchain. Players can fight against monsters to get in-game rewards. 

Big News in DappRadar's Blockchain Games Report 11

Axie Infinity Classic

Splinterlands

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