AI Dapps Dethrone Gaming Dapps — Dappradar Report

• Interest in AI dapps has skyrocketed as these applications observed greater usage than gaming dapps.
• While the blockchain gaming niche performed well in July, investments reduced massively.

Dappradar released the ‘Dappradar Games Report’ for July 2024 with the Blockchain Gaming Alliance. It unraveled the developments in the realm of blockchain-based gaming and more. While gaming has remained the top niche in the blockchain space for quite some time, last month saw AI dapps take over. The report noted how the ‘Other’ category on Dappradar’s platform, now occupied by numerous AI-related applications, has moved past the ‘Games’ section to take the first place.

AI dapps reigning supreme is not surprising as the technology has been the talk of the town for quite a while now, with its use cases bleeding into every industry imaginable. The cross-section of AI and blockchain yields numerous dapps that users flock to for various purposes thanks to the novel utility yielded by the power of AI mixed with the obvious benefits of blockchain and crypto.

Top dapps in the category include DIN and AlayaAI, which have contributed massively to the category’s rise. The category “now holds the top position with a 28% share.” Blockchain gaming “sits in second place with a 26% share.”

Blockchain Gaming Stays Strong for the Most Part

Nevertheless, gaming’s achievements last month are nothing short of impressive. For instance, out of the 15 million daily unique active wallets (dUAW) the dapp industry observed, gaming dapps engaged “with 4 million dUAW.” This number marked a whopping 79% increase from June, setting a new all-time high.

Ronin remained the king of the networks hosting decentralized gaming use cases, attracting 1 million dUAW, one-fourth of all dUAW interacting with the segment. Pixels and Lumiterra are the top two games, driving massive usage to the well-known gaming network. opBNB, Oasys, and Near followed Ronin in that order.

Gods Unchained, a popular on-chain game, topped the gaming NFT charts, as NFTs related to the game observed over $15 million in trading volume. Metaverse-related NFTs also had an eventful month, with these assets from the Mocaverse gaming metaverse boasting a trading value of more than $4 million.

However, the report mentioned how the flow of investments into the blockchain gaming category slowed down, “recording only $23 million in investments spread across just three deals.” It added, “This marks the lowest investment level since Q3 2020, signaling a slowdown in funding activity.”