Blockchain gaming dominates on-chain transactions and attracts Web3 users. Gamers support blockchain. Dappradar reports 2023! Blockchain gaming has been going up in an amazing way, dominating on-chain transactions and getting a lot of users in the Web3 environment. In April, data company DappRadar said that a big chunk of all on-chain transactions were related to gaming. It makes up 38% of all crypto trades right now. Even though the number of daily active wallets went down a little, gaming-related activities continued to grow.
In the study, blockchain games were at the center of everything and made up a big part of on-chain transactions. Even though the number of daily active wallets dropped by 10% compared to the month before, 38% of all crypto transactions were tied to gaming. This number shows how gamers are becoming more and more interested in the blockchain area.
DappRadar said that the meme token craze that has been spreading through the Web3 environment was to blame for the drop in the number of daily active wallets. The fact that PEPEs market cap increased to $1.7 billion before declining by 63% illustrates how unpredictable and volatile meme coins are. Also, it had a big effect on how engaged users were.
Also, the boom in meme tokens caused trade in virtual worlds to drop by 74%, which was a big change. Even though these problems were there, games like The Sandbox and Topia kept getting better.
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