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DappRadar: Blockchain Gaming Hits 28% Market Share in November

DappRadar: Blockchain Gaming Hits 28% Market Share in November

CoinEditionCoinEdition2024/12/10 16:00
By:Ikemefula Aruogu

The blockchain gaming sector captured a 28.2% market share in November. Web3 gaming dUAW reached 6.8 million, surging 16% in November. opBNB dominated the Web3 gaming sector with 2.08 million dUAW.

  • The blockchain gaming sector captured a 28.2% market share in November.
  • Web3 gaming dUAW reached 6.8 million, surging 16% in November.
  • opBNB dominated the Web3 gaming sector with 2.08 million dUAW.

Blockchain and Web3 tracking platform DappRadar reported a significant growth in the blockchain gaming sector for November 2024. The blockchain gaming sector held a 28.2% market share, with an average of 6.8 million daily active wallets (dUAW). That is a 16% increase from the sector’s dUAW in October.

In a post on X, DappRadar highlighted the top gaming blockchains for November, including opBNB, Matchain, Ronin, Nebula, and Near Protocol. Others include Aptos, Immutable zkEVM, Polygon, Base, and Kaia.

According to DappRadar’s report, Sei was one of the networks that performed impressively after recording a breakout month in November. The blockchain games Dragon Slither and SEYARA attracted over 370,000 players on the Sei Network. Meanwhile, Drift Zone, a Web3 card-based auto-battler powered by the Sei Network, secured a $190,000 grant, boosting gaming on the blockchain network.

opBNB Dominates as Sei Network Shows Promise

Despite DappRadar highlighting Sei Network’s impressive performance, opBNB maintained its dominance as the top-performing blockchain network in the gaming sector. Famous titles like Gomble Games and Seraph contributed to the 2.08 million dUAW, a 17% month-over-month increase in the blockchain network’s user base. Matchain’s dAUW jumped 68% in November, reaching 998,000, while Ronin recorded a 925,000 dAUW, a 7% increase in users.

Investment in Web3 Games Surges

November saw $222 million invested in Web3 games, the second-highest inflow since the beginning of 2024. It was a 148% increase from October, with Accolade Partners putting $202 million into the ecosystem. KGeN and Amonica’s Mocaverse secured an additional $10 million each during this period.

Read also: Web3 Games on the Rise; $297 Million Investment Pours Into Gaming

The surging user activity and significant inflow into the Web3 gaming sector coincided with Bitcoin’s recent price discovery. The pioneer cryptocurrency reached a $99,800 record in November before breaking above the $100,000 milestone in the first week of December. Analysts expect BTC to rally higher, with the rest of the crypto market and the blockchain ecosystem following in the same direction due to increasing adoption.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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