2024-06-17
Blockchain Global News

Polygon becomes second-largest gaming blockchain after user activity surges in March

Polygon overtook Hive for the second spot last month, with the Hunters On-Chain RPG partly driving the growth in unique active wallets.

Surging user activity on Ethereum layer-2 scaling solution Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs).

According to the “Blockchain Games Report” published by decentralized application (DApp) analytics platform DappRadar, the number of UAWs engaging with games on Polygon hit 138,081 in March, marking an increase of 53% from February.

That figure places Polygon well ahead of third and fourth-ranked Hive and BNB Chain at 84,000 and 80,000 UAWs, respectively, while first-placed Wax is well ahead of the pack with 314,000 UAWs.

“Polygon, a blockchain previously known for DeFi DApps, overtook Hive this month and secured the second spot. This is a positive sign for Polygon, as it is now gaining recognition as a gaming blockchain,” the report reads.

A significant amount of the UAW increase on Polygon was down to the Hunters On-Chain game by BoomLand, which has seen a UAW increase of more than 17,000% over the past 30 days alone, according to DappRadar data.

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Launched in January, Hunters On-Chain is a Web3 adaptation of BoomLand’s mobile game Hunt Royale. It is a free-to-play role-playing game with nonfungible token (NFT) integrations and a similar look and style to Minecraft.

On March 9, the game saw an all-time high UAW count of around 55,300.

Hunters On-Chain unique active wallets. Source: DappRadar

It is unclear what specifically drove the surge in interest for the game last month, although anticipation for an in-game NFT sale on March 31 may have been a contributing factor.

Looking more broadly, the report noted that all “on-chain gaming activity decreased by 3.33% in March to 741,567 daily Unique Active Wallets (dUAW); still, games make up 45.6% of the DApp industry activity in Q1 2023.”

Related: Aragon and Polygon Labs collaborate to boost DAO accessibility

There has been some bullish momentum developing around Polygon over the past few months, specifically relating to NFTs, gaming and the metaverse

So far, Polygon Labs, the team behind the network, has notched a long list of big-name partnerships, such as Warner Music, Starbucks, Adidas, Reddit and Adobe, to develop and host NFT projects.

The team also successfully launched Polygon’s open-source Ethereum Virtual Machine equivalent zero-knowledge rollup on March 27. It is touted to allow DApps to scale through transaction batching, unlocking higher performance while reducing gas fees to conduct transactions on the network. 

Source : Cointelegraph.com