It Looks Like 2023 Will Be a Good Year for Blockchain Gaming

In Brief

• On Thursday, DappRadar released its overview of the blockchain gaming industry.
• The DappRadar x BGA Games Report shows the industry is generally in good health.
• If trends continue, 2023 looks likely to be the best year yet for the industry.

On Thursday, DappRadar dropped its 2022 overview of the blockchain gaming industry.

The review highlights some interesting trends from last year that will likely define 2023. That includes an increase in on-chain transactions and the number of unique active wallets.

According to DappRadar, gaming accounts for almost half of the on-chain activity in the Dapp industry.

In addition, the number of on-chain game transactions reached 7.4 billion, an increase of 37% from the previous year. Since 2020, on-chain game transactions have risen by 3,260%.

Polygon was one of the year’s big winners, with an average of 97,384 dUAW. A 338.37% increase in UAW from 2021. The Ethereum side-chain has also had a great start to 2023. This week it announced that the Web3 gaming platform Fractal will expand into its network. Another bullish sign for Layer 1.

With 235,499 unique active wallets (dUAW) on average in 2022, Splinterlands remains the most popular game. Furthermore, the gaming dapp had over 1 million transactions every month, which means that each Unique Active Wallet performed five transactions on average each month. However, since changing their game economy and rewards system in August, the dapp experienced a fall in the game’s activity, closing the year with 157,681 dUAW.

If Trends Continue, 2023 Will Be A Growth Year For Blockchain Gaming
Sara Gherghelas, a Blockchain Research Analyst for DappRadar, told BeInCrypto that she expects more innovation in the blockchain gaming industry in 2023.

“One of the most exciting trends to watch for is the potential of in-game DAO economies. The introduction of syndicates in Alien Worlds’ metaverse earlier this year has opened up new opportunities for gamers to engage in decentralized governance and voting mechanisms, which can create a more engaging and community-driven gaming experience.”

The blockchain gaming industry will likely focus more on its poor UX problem in 2023. “With ease of access to wallets being a major hurdle for many first-time users, we can expect to see more solutions that merge ease of setup with security, making the experience of playing blockchain-powered games more seamless and user-friendly.”

You can read the full report on DappRadar’s website here.

Disclaimer
BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.