Cointime

Download App
iOS & Android

Polygon Is Now the Second-largest Blockchain Gaming Network

Validated Individual Expert

After a surge of user activity in March of 2023, Polygon has become the second-largest blockchain gaming network. According to a report from DappRadar, a total of 138,081 unique active wallets (UAWs) became involved in gaming in the Polygon chain. It shows a 53% growth from February, eclipsing Hive and BNB Chain to secure the second spot. WAX chain remains at the top with over 314,000 UAWs.

DappRadar’s report indicates that the Polygon chain continues to grow and be recognized as a gaming blockchain. The surge in user activity on Polygon can be attributed to the popularity of Hunters On-Chain, a game developed by BoomLand. According to DappRadar data, Hunters On-Chain has experienced a staggering increase of over 17,000% in UAWs in the past 30 days alone. The game, which is a Web3 adaptation of BoomLand’s mobile game Hunt Royale, is a free-to-play role-playing game with non-fungible token (NFT) integrations and shares a similar look and style to Minecraft. On March 9, the game reached an all-time high UAW count of approximately 55,300. While the exact reason for the surge in interest is unclear, anticipation for an in-game NFT sale on March 31 may have played a role.

The report also noted that on-chain gaming activity decreased by 3.33% in March, with 741,567 daily Unique Active Wallets (dUAWs), but games still accounted for 45.6% of the DApp industry activity in the first quarter of 2023.

Polygon has been gaining significant momentum in recent months, particularly in the realms of NFTs, gaming, and the metaverse, as the team behind the ever-growing chain has successfully secured partnerships with major players in the industry, such as Warner Music, Starbucks, Adidas, Reddit, and Adobe to develop and host NFT projects.

Most recently, Polygon successfully launched its open-source Ethereum Virtual Machine equivalent zero-knowledge rollup on March 27. This development is expected to enable DApps to scale through transaction batching, resulting in improved performance and reduced gas fees for transactions on the network.

Polygon has emerged as a prominent player in the blockchain gaming space, boasting a substantial user base and an expanding list of partnerships. With its recent zero-knowledge rollup launch and continued efforts to develop its ecosystem, Polygon is well-positioned for further growth and adoption in the NFT, gaming, and metaverse sectors.

Read more: https://nfting.medium.com/polygon-is-now-the-second-largest-blockchain-gaming-network-2470f6fd197f

Comments

All Comments

Recommended for you

  • BTC Surpasses $82,000

    Market data shows that BTC has surpassed $82,000, currently priced at $82,038.65, with a 24-hour increase of 0.31%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Surpasses $2400

    Market data shows that ETH has surpassed $2400, currently priced at $2400.26, with a 24-hour decline of 1.33%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $81,000

    Market data shows that BTC has surpassed $81,000, currently priced at $81,016.34, with a 24-hour decline of 1.53%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $80,000

    Market data shows that BTC has fallen below $80,000, currently priced at $79,940.09, with a 24-hour decline of 3.44%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Philadelphia Semiconductor Index Set to Lose Over $2 Trillion in Market Value in Seven Trading Days

    The Philadelphia Semiconductor Index is poised to evaporate over $2 trillion in market value within seven trading days.

  • Philadelphia Semiconductor Index Drops 4% to Lowest Level in Nearly a Month

    The Philadelphia Semiconductor Index fell by 4.01% during the day, currently reported at 11,215.37 points. Nvidia dropped by 3.25%, Broadcom fell by 2.87%, Micron decreased by 5.79%, Intel declined by 5.81%, AMD dropped by 6.28%, Qualcomm rose by 0.66%, TSMC fell by 4.37%, and ASML decreased by 3.34%.

  • Philadelphia Semiconductor Index Falls 4% to Lowest Level in Nearly a Month

    The Philadelphia Semiconductor Index dropped 4.01% during the day, currently reported at 11,215.37 points. Nvidia fell by 3.25%, Broadcom by 2.87%, Micron by 5.79%, Intel by 5.81%, AMD by 6.28%, Qualcomm rose by 0.66%, TSMC fell by 4.37%, and ASML dropped by 3.34%.

  • Ripple Prime Launches Perpetual Contract Trading Services for Institutional Clients

    According to Bloomberg, Ripple's main brokerage division, Ripple Prime, is launching perpetual contracts for real-world assets (RWA) aimed at institutional clients, covering over 100 reference markets including stocks, indices, ETFs, and commodities. This product is offered through Trade.xyz on Hyperliquid, continuing Ripple Prime's previous initiative to provide clients with access to cryptocurrency perpetual contract trading.

  • NYC Comptroller Urges Anthropic to Pause IPO Plans

    On October 15, New York City Comptroller Mark Levine stated in an interview that he has written to Anthropic CEO Dario Amodei, urging the company to suspend its planned initial public offering (IPO). In the letter, he called for Anthropic to pause its IPO plans until it can fully and transparently address concerns related to AI safety, governance, and development that the company itself has raised. Levine wrote that the company should focus on mitigating these risks rather than advancing the IPO. Currently, New York City has an investment exposure of less than $10 million in Anthropic through the private market.

  • US September PPI Rises 6.3% Year-on-Year, Exceeding Market Expectations

    The US Producer Price Index (PPI) for September recorded a year-on-year increase of 6.3%, the highest since May 2026, surpassing market expectations of 5.3%. The month-on-month PPI for September was reported at 1.3%, significantly higher than the market forecast of 0.5%. Additionally, US retail sales for September showed a month-on-month increase of 0.8%, also exceeding market expectations.