With regard to the latter point, we note that Steam’s CS:GO skins market restricts buyers to wait at least 7 days before they can re-list an item for sale. In our view, it’s likely that Valve wants to avoid any potential legal ramifications from an industry with a history of fraudulent activity and regulatory uncertainty.

These projects have announced plans to release a game(s) in the future, but transactions are not involving currently functional in-game items.Īccording to Space Pirate, Steam’s decision was driven by its desire to not allow items that can be cashed out for real-world value on its platform. We note that transaction activity for several titles (e.g., Aurory, CyberKongz) are related to the trading of avatar NFTs. Similar to the early days of crypto projects, we highly expect this top 10 composition to significantly change over the upcoming months as more projects go live. The top blockchain gaming title by monthly sales volumes, Axie Infinity, has approximately 63 times more activity than the number ten title, NFT Worlds. Like with UAWs, power curves dominate sales volumes too. Zed Run transaction activity has been volatile month-to-month but we’ll be tracking the longer-term trend. Parallel Alpha minted its first trading cards in August, so it’s not surprising to see activity slow down in the months following a successful mint. Aurory, which has seen strong demand since its NFT mint in August, experienced a decline in volumes this month, as the team continues to work towards launching the game. Meanwhile, CyberKongz volumes have exploded after the project launched its BANANA token (that can be converted to fiat) as a reward to NFT holders.Ĭonversely, Aurory, Zed Run, and Parallel Alpha experienced large month-over-month declines in transaction volumes. Farmers World has become one of the fastest growing NFT games since launching in August. LOSTPOETS is a new project that benefited from its NFT mint.

The growth in transaction volume over the past month has been driven by growth in projects like LOSTPOETS, CyberKongz, and Farmers World. As a result, the below chart is not a perfect representation of wallet activity by protocol, but it’s still notable. For example, DappRadar only just began tracking Solana, which has several high-profile games (e.g., Aurory and Star Atlas) in development, and it does not currently track some popular Layer-2 chains like Immutable X or Ronin (but that may change soon). It is important to note that DappRadar does not support every blockchain. Ethereum’s relatively high and volatile transaction fees have led many games to move to or launch on Layer-2 or other Layer-1 blockchains. Polygon recently formed Polygon Studios and announced a $100 million fund to support blockchain gaming growth, so we would not be surprised to see further growth in UAWs in the future.Įthereum is one of the few blockchains to see a decline in gaming activity. This growth was primarily driven by the release of Arc8 by Gamee, a casual blockchain-based mobile game. Polygon has seen significant growth in UAWs in recent months. Alien Worlds, the top game by UAWs, drove most of this activity however, remember that Alien Worlds has also faced bot problems. WAX games averaged over 350,000 daily UAWs in 3Q 2021. According to DappRadar, WAX is the most popular blockchain for games as measured by UAWs.

Axie infinity daus 2m october axietimes