Analytics service DappRadar estimated that in January 2022 alone, investors invested a quarter of the $4 billion the industry raised for all of 2021.

Home / Analytics service DappRadar estimated that in January 2022 alone, investors invested a quarter of the $4 billion the industry raised for all of 2021.

According to the DappRadar report, more than $1 billion was invested in blockchain-based games last month alone. By comparison, the sector attracted $4 billion in the entire year 2021. The report authors claim that this particular category accounts for 52% of activity in 2022.
DeFi Kingdom Harmony (JEWEL) remains one of the leading products in this area. The game saw more than $1.5 billion in transactions in January, a 243% increase over Axie Infinity, a giant in the blockchain gaming space. JEWEL also has $775 million in TVL, which is 60% of the total value of blockchain assets in the entire Harmony network.
The report says Polygon shows potential for the gaming ecosystem. Crazy Defense Heroes is becoming the second most used decentralized app on the network. It has an average of 41,000 unique active cryptocurrency wallets (UAW) connected to it daily. Bomb Crypto surpasses Mobox as the most popular decentralized app on the BSC. The gaming decentralized app attracts an average of about 40,000 wallets per day.
In Q3 2021, blockchain-based games were the dominant dApp category in terms of user activity. They accounted for 45% of the industry’s activity then, and that number has now risen to 52%.
The GameFI industry is growing at a rapid pace, and so are meta-universes, attracting significant capital. In September, BGA presented its Blockchain Game Report on the online gaming market and concluded that 804,000 unique users connected cryptocurrency wallets to blockchain-based games in July, representing nearly 50% of the total number of wallets. Late last year, the Blockchain Gaming Alliance (BGA) reported that the market capitalization of DeFi meta-events reached $4.6 billion. Gala Games, which develops blockchain-based games, recently announced that it plans to invest $5 billion in collectible token projects by the end of 2023.

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