Sirwin
Sirwin

GameFi Wars Intensify as Polygon Wears the Silver Medal

By Chainsight | Chainsight | 11 Apr 2023


 

The quest for superiority is a familiar theme across all sectors of development, and the GameFi industry is no exception. After weathering the storm of the great crypto depression winter, the industry’s giants are making a comeback and preparing for the upcoming bull rampage. The faith in digital currencies is being reignited, and the entire blockchain gaming industry is finally finding its footing.

 

If you have been snoozing, it’s time to get up and in front of the current trends headlining the blockchain gaming space. This time you might want to filter your notifications to send Polygon-based alerts as the innovative protocol takes a huge leap in the GameFi space.

Latest Developments With Polygon

It looks like the tides are turning in the world of Polygon. Over the last month, we've seen an increase in the registration of Polygon’s daily active addresses. It seems that the launch of the zkEVM main net drew in a flurry of users.

 

For those of you who aren't in the know, zkEVM is like the virtual machine of the future. It allows zero-knowledge-proof computation on smart contracts, and it's been instrumental in building an EVM-compatible ZK Rollup. But despite all the buzz, the charts are showing a bit of a decline in unique depositors and daily token inflow.

 

Now, some might see this as a red flag, but we're not ones to jump to conclusions. Although the current metrics may seem less than ideal, it's important not to overlook the potential of Polygon's GameFi network. Despite the decline in other areas, the growth of this network is nothing short of fascinating. It's not hard to imagine that this type of development could drive substantial revenue in the coming months.

 

The latest report on blockchain games, hot off the presses, has revealed some impressive data and according to the report, the number of unique active wallets (UAWs) involved in games built on top of Polygon has soared to new heights. DappRadar, the publisher of the report, has confirmed that the UAWs figure for March 2023, stood at a staggering 138,081.

 

That's a whopping 53% increase compared to the performance recorded in February 2023, and it's a clear indication that Polygon is making some serious headway in the world of blockchain gaming. It's not hard to see why gamers are flocking to the platform in droves. With its fast and secure network, Polygon provides a seamless gaming experience that's unmatched in the industry.

 

But it's not just the gamers who are reaping the rewards. Developers are also benefiting from the surge in interest, as the demand for Play-to-Earn (P2E) games continues to grow.

Polygon’s GameFi Space Expands

Polygon now boasts an active user count of 138,081, placing it well ahead of the third-ranked Hive blockchain and fourth-ranked BNB Chain, with 84,000 and 80,000 UAWs respectively.

 

While Wax remains the leader with a staggering 314,000 UAWs, Polygon's ascent is a positive sign for both the blockchain and Web3 gaming. The key reason for its success is its ability to overtake Hive throughout the month to secure its second spot.

 

But what's driving this growth? According to the report, a significant portion of the UAW increase can be attributed to the Hunters on-chain game by BoomLand, which saw an incredible increase of over 17,000% within the last month. It's clear that gamers are hungry for Play-to-Earn (P2E) games, and Polygon is delivering.

 

Despite the slight decrease in on-chain gaming activity, which reached 741,567 Unique Active Wallets in March, games still make up 45.6% of the Dapp industry activity in Q1 2023 which is a very large pie.

 

In the world of GameFi, the competition is fierce and constantly evolving. This can be seen in the top gaming protocols ranked by unique active wallets, which include WAX, Polygon, Hive, BNB Chain, and Klaytn.

 

With the increasing number of blockchains that support GameFi functionality, we see the growth of ecosystems with unique games featuring Play-to-Earn (P2E) elements and high interactivity levels. This trend is a testament to the thriving nature of the GameFi industry and its potential for continued growth in the future.

Polygon Gaming Projects

If you are interested in taking your passion for Polygon technology a little further, you can check out these GameFi projects on Polygon.

Pegaxy

This horse racing simulator is one of the most popular games on Polygon, with players racing against each other to earn $VIS as an in-game reward. The game holds monthly qualifiers and a yearly event, The Big Sprint title, where a pool of 660 players compete for a chance to win the native governance token $PGX. But Pegaxy isn't just about racing; players can also participate in staking and voting. And with plans for farming and an arena in the works, there are plenty of opportunities for players to generate income both now and in the future.

The Sandbox

This metaverse provides an expansive and intelligent platform for players and inventors to build captivating 3D kingdoms and interactive games. With investors including Atari, Binance, and Rollercoster Tycoon, The Sandbox has become one of the most significant projects in the GameFi space. The Sandbox offers more than just gameplay; it also provides tools for artists to create and monetize their creations. 

 

All territories inside The Sandbox metaverse have already been fully minted, meaning they can only be purchased from the market or peripheral exchanges such as OpenSea. With so much excitement around GameFi on Polygon, there's never been a better time to get involved!

Aavegotchi

This game combines the nostalgia of Tamagotchis from the 90s with the power of Web3 technology. Each Aavegotchi is a one-of-a-kind income-producing NFT and virtual pet, with various unique attributes. Players can play games, take care of their Aavegotchi, and even collect new outfits. 

 

Plus, with the upcoming launch of Gotchiverse, Aavegotchi's very own metaverse, players will have even more ways to earn passive income. The Gotchiverse will feature four in-game currencies: $FOMO, $FUD, $ALPHA, and $KEK.

Conclusion

The world of blockchain gaming is proving to be a real contender in the Dapp industry, accounting for almost half of the daily unique active wallets in Q1 2023. What's more, the rise of Polygon's daily unique active wallets is a testament to the potential of gaming on this chain, solidifying its position as the second-largest gaming chain.

 

While Alien Worlds and Splinterlands maintain their iron grip on the WAX and Hive ecosystems, respectively, the ascent of Iskra and Hunters On-Chain by BoomLand attests to the enduring appeal of new entrants in this industry. These thrilling developments are but a few examples of the myriad possibilities that await in the exciting world of blockchain gaming.

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Chainsight
Chainsight

Blockchain Games News - LevelUP with GameFi


Chainsight
Chainsight

Blockchain Games News - LevelUP with GameFi. Find out the latest blockchain games news powered by www.play2earn.city

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