Blockchain games and Metaverse projects seem to deal with bear markets significantly better than others.report of DappRadar, growing 9.51% in the second quarter of the year. and total investment of more than $2.5 billion in both Q1 and 2
Even though June may be the worst month for the Crypto industry and even the blockchain gaming space it hurts by its lowest monthly investment of just $500 million. Weighing in on the latest figures, commented Skirmantas Januskas, CEO of DappRadar.
“We think blockchain games will be key in the next two or three years. And it will bring at least 100 million new users to crypto. The simple reason is NFT and DeFi connectivity with blockchain gaming. You get to see something really new and exciting.”
The report stated that User wallet activity (UAW) has declined 7% since Q1, and this indicates that users continue to engage with blockchain applications at the same level as before the collapse of Terra.
Additionally, the total number of transactions sent to the gaming sector’s smart contracts was higher than other categories such as DeFi, gambling, exchanges, and mid-market throughout the month as well. with more in-game transactions 24 million transactions per day
DappRadar reveals that Solana has attracted a lot of NFTs and game developers. with low-cost transactions and efficient processing speed Despite multiple network interruptions But activity on blockchain has increased by an astonishing 311%.
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