Polygon has emerged as the leading gaming blockchain in the Web3 industry, attracting an average of one million daily users to the ecosystem during the first quarter of the year.
According to DappRadar, Polygon has established itself this year as the most in-demand blockchain for developing and launching Web3 games.
The platform published a recent report, titled “State of Blockchain Gaming in Q1 2024”, in which he exposes the impressive growth experienced by the second layer chain (Layer2) secured by Ethereum in the crypto gaming ecosystem.
In Q2024 3, Polygon launched a gaming-focused investment fund called the “Inevitable Games Fund” to support early-stage Web30 gaming projects. This fund, which also includes King River Capital and Immutable, has raised $2 million to date and has significantly contributed to the growth of the L3 network-based gaming ecosystem. According to DappRadar, the fund is one of the initiatives that has allowed Polygon to consolidate its place in the WebXNUMX gaming sector.
1,1 million new wallets daily on Polygon
The blockchain-based Web3 gaming sector Polygon Network grew 429% in Q1 2024, compared to the previous quarter. According to the platform's data, the L2 chain recorded more than 1,1 million new wallets daily that interacted with Web3 gaming applications during the first quarter.
While Polygon’s gaming activity only began to pick up last year, the growth it has experienced during the first quarter of this year offers an encouraging glimpse into its true potential to accelerate the development and innovation of the crypto ecosystem.
The games QORPO WORLD y Anichess are at the forefront of the crypto sector on the Polygon blockchain. In addition, other titles such as Space Nation, developed in the zkEVM solution together with Immutable, and Nifty Island, which also operates on the Ethereum chain, have positioned themselves among the top 10 Web3 games in the crypto industry, attracting a significant number of players from around the world to the cryptocurrency ecosystem.
All of this has accelerated Polygon’s growth as one of the foundational gaming chains in Q1. Overall, the chain increased its number of active unique wallets to a total of 2,1 million, representing a 59% increase compared to data from the last quarter of 2023.
Web3 games lead the crypto industry
Data in DappRadar’s report reveals that Web3 gaming is leading the blockchain industry landscape. According to the platform, this remains the most influential sector, accounting for 30% of the total unique wallets that were active in QXNUMX across the entire crypto industry.
In addition to Polygon-based games, other titles such as aavegotchi, The Motorverse, The Beacon, WorldWideWebb y thetan arena, have been dominating activity in the blockchain industry. According to DappRadar, Alien Worlds, another major Web3 game that is based on the WAX network, attracted a staggering 9,6 million active wallets in QXNUMX.
Likewise, Axie Infinity, the market-leading NFT game, achieved $181 million in trading volume, the most of any gaming DApp in Q1.
In conclusion, DappRadar noted that Web3 games are on a promising path that can lead to new experiences that are more enriching and engaging for gaming communities. Furthermore, it highlighted that, although the investment allocated by capital firms to the Web3 gaming sector decreased in the last quarter, developers are very focused on continuing to build, so it is likely that in the coming years blockchain games will become more common and can offer immersive experiences that have not yet been imagined.
