Blockchain games may be the category within crypto which has opposed the downturn probably the most, with activity still being up 197% year-over-year, DappRadar’s Industry Report for May shows.
The sector’s resilience is obvious despite a stop by the amount of game transactions of 5% in May when compared to month before, DappRadar stated, evaluating the sphere towards the sharp loss of activity observed in decentralized finance (DeFi) and non-fungible tokens (NFTs).
It added the top blockchain games have largely maintained their player base, with “real engagement” apparent among players around the various platforms.
Meanwhile, the report also stated the gaming category has ongoing to determine investment capital investments flowing in through the market downturn. It has helped keep your bullish momentum opting for the sphere, DappRadar noted.
To illustrate the strong curiosity about crypto-based gaming, the report pointed out Otherside, a play-to-earn (P2E) metaverse task for the Bored Ape Yacht Club (BAYC) NFT community, stating that it generated USD 760m in May alone.
The huge revenue in the project helped to make May the very best month ever for metaverse NFTs, with USD 850m generated, DappRadar stated.