Games drive growth in decentralized applications space with loss of decentralized funding

The gaming industry is driving growth in the technology-powered decentralized applications sector Blockchain Blockchain With decentralized finance DeFi and non-replaceable symbols (NFTs) that is losing steam, according to a new report.

After months of near-continuous growth, the number of unique active portfolios has declined (UAW) associated with DeFi in the rate of 11% In the third quarter of the current fiscal year, he said DappRadar in their new report.

witnessed UAWs associated with NFT lower by 2% for the previous quarter.

But games still drive usage in the industry Blockchain, as the company stated, where it increased UAWs “Contact dapps games” at a huge rate of 140% On a quarterly basis.

While the report's authors note that trading volumes are still on the rise in the area NFT and surely DeFi It had "increased availability" and "usage decreased" in "both categories", while "there is a clear decrease in the launch of DApps". DeFi dapps.”

Examples of decentralized applications

By contrast, gaming projects have made huge strides, especially the title Axie Infinity (AXS).

According to its maker Sky Mavis:

“Override Axie Infinity right Now 1.5 1 million active users and over revenue 776 million US dollars,” a number noted DappRadar It bypassed the “complete blockchain” like Binance Smart Chain And Bitcoin“.

The trading volumes were equally meteoric.

In the past month, I exceeded Axi Infinity Axie Infinity Marker 2 $1 billion in trading volume ever, an achievement never seen before by any other app.

The volume of the game is now heading towards the mark 2.2 billion US dollars.

DappRadar saying:

“To put that in perspective, the closest group is CryptoPunks, late 800 million US dollars.”

The company hinted that the transition to the series Ronin profile created by the chain Ethereum blockchain (ETH) has helped Axie Infinity On the way to greater success.

it seems that DappRadar It suggests that without the gaming industry, you might be NFTs It lags further behind and the spread of decentralized applications.

The company wrote:

"Prepare NFTs One of the main pillars in games Blockchain.

Unlike traditional games, NFT for my players Blockchain With a real sense of ownership their playing elements. And they have become an essential part of the space NFT As a whole".

The data in the report showed that in the third quarter, elements NFT inside the game”2.3 billion US dollars in trading volume,” a figure that represents 22% of the total volume NFT for this quarter.

But it sure wasn't all bleak for a space DeFi.

The total value of space DeFi around 178 billion US dollars, although more than 92% From that "confined" in "six Blockchain" Only.

However, it seems that decentralized applications DeFi dapps The current has gained gains at the end of the previous quarter, since then when the cumulative number of the sector has grown DeFi "in the rate of 104% , to reach the peak 195 billion US dollars in 6 September.

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