As a recent DappRadar report revealed, the number of unique active wallets (UAW) registered an 8.58% decline in the first quarter of 2023.
As the DappRadar report states, the average daily UAW was calculated at 791,474 in the first three months of the year. Despite the decline, his investment in Web3 games increased by 12.95% to reach $739 million.
Web3 Gaming Advantage
UAW numbers registered a slight decline in the first quarter of 2023, but still reflect bullish sentiment when comparing UAW numbers across the gaming, DeFi, NFT, and social spheres.
The number of UAWs in the social and DeFi industry also declined along with the gaming industry in Q1 2023, but only the UAW number in the NFT sector remained the same. dominance increased to 45.6% from 42.87% recorded in the previous quarter.
top game chain
With the exception of Polygon (MATIC) and Klaytn (KLAY), nearly all game chains reflect a decline in UAW numbers for Web3 games.
MATIC emerged as the leading gaming blockchain as the number of UAWs increased by 29%, rising from 94,000 recorded last quarter to 122,000 in Q1. Meanwhile, KLAY was able to establish a solid foundation as a gaming blockchain by increasing his UAW count to 15,000 in his first three months of the year.
BNB Chain (BNB) has emerged as the biggest loser in UAW numbers in Q1 2022 as it posted a 36% drop to 87,000 from 138,000 recorded in Q4 2022 .
Hive (HIVE) and EOS (EOS) posted the second and third largest losses, after BNB, at 20% and 18% respectively. WAX (WAXP) maintained its position as the most prominent gaming chain in the first quarter of this year, even though UAW numbers fell by 1.76% from his.
investment
The $739 million invested in the Web3 gaming space is up 13% from the $654 million raised in Q4 2022.
However, current numbers remain relatively small, second only to the $1.22 billion invested in the Web3 gaming space in Q3 2022.
The 8% drop in blockchain gaming’s unique active wallets in Q1 2023 first appeared on CryptoSlate.
