DappRadar made a complete report on the Crypto Games scenario in the 3rd Quarter of 2024, covering the main blockchain gaming networks, which were the main games and NFT collections and the investments made during this period. However, we have a recent news that can completely change the scenario of the next report, which was the breaking of the historical top of Bitcoin. So, come and learn all about the DappRadar Report and the Impact of Bitcoin on Blockchain Games.
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[ENGLISH VERSION]
Crypto Games Report
The big picture is that there was a very significant 70% increase in the number of daily active wallets compared to the previous quarter. In the Crypto Games sector, we had a 21% increase in the number of daily active wallets, reaching 4.4 million. Compared to the number of players around the world, this number is still small, but as we can see in the graph, the increase has been growing, since the beginning of the year there have been more than 2 million daily active wallets.
Main Crypto Gaming Networks
We had 3 blockchain networks highlighted in the amount of Unique Active Wallets. Ronin Network is in first place with over 1 million daily wallets, more than the next two combined, with a growth of 34% compared to the previous quarter. This shows the large user base that Ronin Network has gained with its games, starting to consolidate itself in the web3 gaming market, with this constant growth and bringing new games to its network.
Right next, we have Oasys and opBNB, which had very large growth in the period, of 408% and 4700%, respectively. However, we will have to observe whether this trend continues or whether it was something momentary due to some event, such as an airdrop, or just a passing novelty.
Main NFT Games
Ronin's Pixel was the game that ranked first, with 650 thousand daily wallets. This could represent a great dependence of the Ronin Network on Pixel since it represented more than 60% of the active wallets on the blockchain network. However, it seems that they realized this, or Pixels has had some decline in users, because they recently started a program called Ronin Forge that aims to bring 7 new games to the Ronin network, one of them being Pixel Heroes Adventure, which we have content about.
Seraph appears in 3rd place, I believe it was because of the Play to Airdrop event that happened and in 4th we had Lumiterra which gained popularity for having debuted on the Ronin network, as an MMO focused on battles and PVP.
Top NFT Gaming Collections
A big highlight here in the NFT collections for the Immutable X network, with Guild of Guardians and Gods Unchained as the two collections that had the most trading volume. The two together moved more than $60 million during the third quarter, something that not long ago would not have been so common to see happen with a new game.
In the collections, it is interesting to note that there are two focused on Lands, which are the virtual lands of the NFT games. The first is the popular web3 game Axie Infinity, which moved $1.74 million, and the next is Illuvium Land, a newer game than Axie, but which has already moved $1.49 million in its Illuvium Land collection.
Investments in Web3 Games
After an incredible Q2 with investments passing $1 billion, Q3 left the wish, because the values fell 90%, to close to 100 million dollars. The crypto gaming industry continued to invest, but drastically reduced the amounts in anticipation of an improvement in the scenario.
It is interesting to mention that almost 80% of the amounts invested in Web3 Gaming and Metaverse, $87M, were directed to Infrastructure, focusing on leaving the space ready for a new entry of players in Crypto, which may be closer than ever with the recent Bitcoin event.
Bitcoin x Blockchain Games
Bitcoin's influence affects the entire Crypto ecosystem, and NFT Games are no different. We recently saw a huge spike in the price of Bitcoin, right after Donald Trump's victory in the US. Bitcoin reached its all-time high in different fiat currencies around the world, and especially surpassing its all-time high in Dollars.
The relevance of this movement for Blockchain Games is that if it remains above $75,000, in the $76,000 range, it is very likely that this money will start looking for new opportunities within the Crypto market, with NFT Games being one of them. BTC is the main asset and as soon as it overflows, capital begins to spread throughout the ecosystem, causing the level of investment in the sector to rise in the next Blockchain Games Report.
In addition, the fact that Bitcoin broke its all-time high causes several social networks and news channels to talk about this topic, which brings more users to Web3. This would have been a problem in the past because NFT Games were just starting out, but now we have large companies and game development studios investing in this segment of the Crypto market. What is missing is for the public to know more about what Web3 has to offer and this Bitcoin news can help with that.
