With $1 Billion Spent In Blockchain Gaming In January, GameFi Is Thriving

• GameFi is booming, according to a January report from renowned data repository DappRadar, and blockchain-based online games garnered over $1 billion in financing just in January. In comparison, the sector received $4 billion in investments during the entire year of 2021.

• Through January, the game has generated over $1.5 billion in transactions, which is 243 percent higher than Axie Infinity, a blockchain gaming juggernaut. JEWEL also holds $775 million in TVL, which accounts for 60% of the total value locked in on the Harmony network.

• Axie Infinity, which has over 100,000 daily unique active wallets, is another game that has seen a minor growth in the number of UAW. Sky Mavis, the game’s creator, claims that there are 2.8 daily active players who play the game every day.

According to DapRaddar’s January report, blockchain-based games garnered $1 billion in funding throughout the month. The latest DappRadar report is out, and the figures show a clear trend in the rapidly increasing GameFi category. Money keeps finding its way into blockchain-based online gaming initiatives, indicating that interest in the field is bigger than ever.

Thriving At GameFi

GameFi is booming, according to a January report from renowned data repository DappRadar, and blockchain-based online games garnered over $1 billion in financing just in January. In comparison, the sector received $4 billion in investments during the entire year of 2021. Surprisingly, the survey also reveals that in 2022, this group would account for 52 percent of all blockchain activity. Harmony’s DeFi Kingdom is one of the most well-known names in the field (JEWEL). Through January, the game has generated over $1.5 billion in transactions, which is 243 percent higher than Axie Infinity, a blockchain gaming juggernaut. JEWEL also holds $775 million in TVL, which accounts for 60% of the total value locked in on the Harmony network.

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Despite The Market Crash, The Most Popular Games Continue To Thrive

According to the survey, blockchain-based games were the most popular dApp category in terms of usage in the third quarter of 2021. They accounted for 45 percent of all activity in the business back then, and that percentage has since climbed to 52 percent. Regardless, user retention is one of the most critical criteria for these programmes. For example, Splinterlands, one of the more popular games and now the most-played, witnessed a 4.5 percent increase in unique active wallets in January compared to December 2021, bringing the total to 312,000 UAW. Jesse Aggroed Reich, the CEO and Co-Founder of Splinterlands, responded to CryptoPotato’s request for comment on the aforementioned:

Splinterlands had a fantastic month in January. Our 6th card edition, Chaos Legion, has been released. It’s been quite popular, and we’ve seen a lot of old accounts return to get the new packs and reengage, as well as a lot of new players join the ecosystem. Axie Infinity, which has over 100,000 daily unique active wallets, is another game that has seen a minor growth in the number of UAW. Sky Mavis, the game’s creator, claims that there are 2.8 daily active players who play the game every day.