{"id":35071,"date":"2022-09-03T08:43:37","date_gmt":"2022-09-03T12:43:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=35071"},"modified":"2022-09-03T11:26:35","modified_gmt":"2022-09-03T15:26:35","slug":"dappradar-estimates-gaming-is-nearly-half-of-blockchain-use","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/dappradar-estimates-gaming-is-nearly-half-of-blockchain-use\/","title":{"rendered":"According to DappRadar, gaming accounts for roughly half of all blockchain applications"},"content":{"rendered":"\n

Gaming accounts for 51% of blockchain transactions, according to August data.<\/h3>\n\n\n\n
\"\"
Crypto gaming<\/figcaption><\/figure>\n\n\n\n

According to new data from DappRadar\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, gaming is still an important part of the blockchain industry. As of August, the report says that the gaming sector makes up about 50.51 percent of the industry's month-over-month (MoM) usage.<\/p>\n\n\n\n

Even though the numbers are a good sign for the sector as a whole, they are lower than they were last month. <\/p>\n\n\n\n

Last month, about 57.30% of industry use was in the gaming sector (MoM).<\/p>\n\n\n\n

DappRadar gets its information from the daily unique active wallets (UAW). <\/p>\n\n\n\n

According to the person who did the survey, there are about 847,230 gaming-related UAW that is active every day and does about $698 million worth of transactions.<\/p>\n\n\n\n

People have said for a long time that gaming is a way to get into Web3, blockchain, and crypto. <\/p>\n\n\n\n

In another recent survey from ChainPlay, 75% of the 2,428 GameFi investors asked said they only got into the business because of games.<\/p>\n\n\n\n

Investors in GameFi<\/a> aren't the only ones who think the sector will help get a lot of people to use it. <\/p>\n\n\n\n

Experts on a panel at Korean Blockchain Week 2022 said that GameFi and crypto go together naturally. <\/p>\n\n\n\n

Also, some people thought that most games will have a cryptocurrency economy within the next few years.<\/p>\n\n\n\n

Traditional gaming companies that have been around for a long time also have their eyes on Web3. <\/p>\n\n\n\n

Even the head of Xbox said he was optimistic about metaverse gaming, but he warned against “play-to-earn”<\/a> (P2E) crypto games.<\/p>\n\n\n\n

Research from the cybersecurity auditing firm Hacken shows that many GameFi projects don't put security first and are due for a major hack. <\/p>\n\n\n\n

One of the biggest hacks in crypto happened in March when $600 million worth of tokens were stolen from the Ronin token bridge from Axie Infinity.<\/p>\n\n\n\n

In a recent look at 60 Web3<\/a>-based games, it was found that 40% of the users were either automated bots or had more than one account that came from the same person.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming accounts for 51% of blockchain transactions, according to August data. According to new data from DappRadar , gaming is still an important part of the blockchain industry. As of August, the report says that the gaming sector makes up about 50.51 percent of the industry’s month-over-month (MoM) usage. Even though the numbers are a […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[202,132,2095],"class_list":["post-35071","post","type-post","status-publish","format-standard","hentry","category-news","tag-blockchain","tag-crypto","tag-gamefi"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=35071"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35071\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=35071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=35071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=35071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}