Bear financial markets are always tough, but among the positives is that they obvious the clutter which enables legitimate projects to stick out.
Some investors are centered on the most recent centralized finance (CeFi) and decentralized finances (DeFi) scandal, the blockchain gaming sector has silently weathered the storm much better than other niches from the market.
As proven around the chart above, all sectors from the market have observed an obvious loss of active users, however the gaming sector has shown to be probably the most resilient at retaining users because the bear market intensified.
Transactions still rise
Further evidence of the ongoing engagement by gamers are available by searching at the amount of transactions occurring within the top sectors from the market.
Having a current count of 173.17 million, the amount of gaming-related transactions is considerably greater than every other sector from the market, using the second nearest sector being decentralized finance with 8.86 million.
For which protocols lead probably the most towards the transaction count, WAX, Hive, BNB Smart Chain (BSC), Solana (SOL) and Ronin would be the most active, brought by WAX having a current transaction count of 158.23 million.
As the total value transacted remains covered with exchanges, an increasing number of users presently mixed up in crypto ecosystem are available in the gaming sector.
WAX and BSC attract new users
Data implies that users are particularly attracted to WAX and Binance Smart Chain, which saw 2.94 million and a pair of.49 million users.
Alien Worlds on WAX and BNB Chain presently supports the top place with 196,700 users, adopted by Splinterlands with 147,820 active users. It is also important to note the top three games when it comes to active users work on WAX.
Although it has fallen far lower their email list, Axie Infinity (AXS) has consistently been probably the most active games within the last year along with a leader with regards to the value transacted.
Related: Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’
Gaming is larger than music, movies, and television combined.
It’s compounding 10% every year.
The $100bn annually spent “renting” products goes becoming a trillion dollar ownable economy.
Everything is going to be built on web3. pic.twitter.com/TQz6xxa8hx
— Robbie Ferguson ⓧ – Hiring! (@0xferg) June 30, 2022
Regardless of the sharp correction in blockchain gaming-related altcoins, gaming has shown to be one of the most resilient sectors when it comes to retaining active users.
This fact, combined with rising recognition from the gaming industry, shows that it’s one sector that can lead the way in which in to the next bull market.
The views and opinions expressed listed here are exclusively individuals from the author and don’t always reflect the views of Cointelegraph.com. Every investment and buying and selling move involves risk, you need to conduct your personal research when making the decision.
