Rather a lot occurred in GameFi final yr.Whereas Axie Infinity and The Sandbox made probably the most headlines, a number of initiatives unknown to most people received all of the gamers.Whereas BNB and the Ethereum Basis turned probably the most influential organizations within the blockchain trade, the BNB and Ethereum ecosystems hardly attracted the perfect or most lively video games.Whilst dozens of widespread titles collapsed into the dying spiral and tons of failed to draw even a small variety of gamers, GameFi acquired extra funding from VCs than another class within the blockchain trade.It’s rather a lot to wrap one’s head round. How can we perceive 2022 to organize ourselves for subsequent yr?As an alternative of telling you what to assume, we’ve put collectively probably the most thrilling stats associated to the GameFi trade, so you’ll be able to look into initiatives, chains and funds and draw conclusions from the info.A Observe about GameFi Metrics & IndicatorsWe use a handful of metrics and statistics to evaluate blockchain video games, particularly the variety of lively customers, the entire variety of customers, the quantity quantity, and the variety of transactions.Nonetheless, these metrics usually are not cohesive, which means a recreation or chain that performs strongly from one indicator shouldn’t be assured to guide in different indicators. For instance, over the yr, Axie Infinity had probably the most quantity, Splinterlands had probably the most lively customers, STEPN had the entire customers, and DeFi Kingdoms had probably the most transactions.Nobody indicator exhibits a blockchain recreation is “successful” or main the pack—every offers perception into a selected side that, along with different indicators, may help analysts construct a holistic image.To discover ways to use information evaluation to make higher GameFi assessments and funding choices, see these articles.7 Stats in regards to the GameFi Industry1. The whole market cap of all GameFi tokens reached its peak of $25 billion on April 1st.This was $11B shy of the trade’s ATH of $36B in November 2021. Footprint Analytics combines the market cap of tokens used as governance tokens and in-game currencies for GameFi initiatives to trace this metric.Reference: GameFi Token MarketCap (Token solely, excluding gaming NFT)2. Builders launched 717 new blockchain video games in 2022They launched about the identical quantity in 2021. In complete, there are 2,171 GameFi protocols with transactions on the blockchain (solely a small proportion of those are lively.)Reference: Variety of GameFi Protocols by Chain3. Solely 14.5% p.c of GameFi titles received greater than 1,000 usersThe overwhelming majority of video games fail to take off. Even out of the video games that managed to realize a large variety of gamers, only a few have been in a position to maintain common, wholesome exercise and profitability for over a number of months.Reference: GameFi Dashboard4. GameFi quantity reached its 2022 peak on the week of January 2 – 8, with $916.5M flowing by way of protocolsFootprint Analytics defines quantity as cash that enters a protocol.Reference: GameFi Quantity by Week5.GameFi transactions reached their peak the week of July 17 – 23, with 184.5K transactionsAs evident from this reality, the elevated quantity doesn’t essentially correlate with elevated exercise since transactions may have a bearish sentiment (i.e., promoting and outflows.)Reference: GameFi Transactions by Week 6. The biggest month-to-month drop in quantity occurred from April to Might, when GameFi quantity declined by about 62percentWhat occurred round this time? Terra Luna collapsed within the first half of Might, wiping out an estimated $60B. The variety of transactions, nevertheless, elevated by 13.5% MoM, echoing the purpose under Stat #7.Reference: GameFi Quantity by Month 7. The most important MoM enhance in quantity was from July to August when quantity elevated by 28percentIn Footprint’s August GameFi report, we proposed 3 potential explanations: anticipation for The Merge, the start of much less aggressive financial tightening by the Federal Reserve, and a useless cat bouncing on the way in which to decrease lows.Reference: GameFi Quantity by Month7 Stats about Blockchain Games1. As of Dec. 25, there have been 62 lively GameFi initiatives and 1,478 inactive ones.Reference: Lively/Inactive Games2. STEPN received extra complete customers than another recreation final yr, with 1.8MSTEPN made headlines final spring because it pioneered the Transfer-to-Earn mannequin. The cell recreation lets gamers earn tokens on their NFT sneakers as they stroll, jog or run.Reference: GameFi Dashboard3. Splinterlands and Alien Worlds had probably the most time atop the leaderboard for lively customers, every staying there for six out of 12 monthsSplinterlands had the best variety of lively customers in January, February, March, April, Might and September. Alien Worlds had the best variety of lively customers in June, July, August, October, November and December.Reference: Prime 10 Video games Rating by Gamers 4. Farmers World was a stable third by way of lively customers, having the third-highest variety of lively customers for all 12 months of the yearFarmers World is a farming NFT recreation that’s the second hottest title on the WAX chain after Alien Worlds. Gamers develop farmland and might commerce in-game NFTs within the market.Reference: Prime 10 Video games Rating by Gamers 5. Cryptokitties had the entire customers out of all video games on Ethereum, with 112.6k complete usersDespite being the biggest ecosystem in crypto by market cap, Ethereum was not a significant participant within the GameFi trade in 2022, restricted by its congestion and gasoline charges.Reference: GameFi Dashboard6. The Sandbox had the biggest injection of money in any given month, gaining roughly $504M in quantity in FebruaryAt the tip of January, The Sandbox introduced a partnership with Snoop Dogg and Warner Music. The token value shot up 40% after the announcement.Reference: Prime Quantity Video games in 20227. Out of all main titles, the sport with the perfect new consumer common retention price on the peak of the market final January was MOBOX, which retained 56% of gamers one month after they joined“Main title” is considerably subjective on this stat, but it surely refers to video games persistently within the top-10 all year long for various customers.Reference: Prime Weekly Retention GameFi Tasks in 20227 Stats about GameFi Chains1. Wax was probably the most lively chain for GameFi in 2022, with 351K lively customers and a Day by day Lively Consumer Ratio of 57percentFor reference, the following most lively was Hive, with 360K lively customers however a DAU ratio of 98%. Observe that Splinterlands accounts for 99% of transactions and customers on Hive.Reference: GameFi Customers Chain Comparison2.Wax held the biggest market share of avid gamers with 40.47% adopted by Hive with 20.86percentWax is extra diversified than Hive. Alien Worlds accounts for about 66.99% of Wax’s customers, and Farmers World accounts for 19.67%. The rest is fragmented amongst a dozen or so titles.Reference: Variety of GameFi Customers : Tree Map3.Whereas 63 blockchain video games deployed on 2 or 3 chains in 2021, there have been 149 that selected to go multichain in 2022GameFi initiatives are more and more going multi-chain to develop their consumer bases and mitigate threat. Some video games even launched their chains, like DeFi Kingdoms, which went from being fully on Concord to creating its AVAX-based DFK Chain.Reference: Variety of GameFi Protocols Deployed on Multichain4. By the variety of GameFi protocols, BNB was the chain of selection for builders, having 748 initiatives on it in complete by the tip of the yearBNB is understood for its low gasoline charges and ease of launching protocols, resulting in merchandise of various high quality on the chain.Reference: GameFi Protocols by Chain5. 87 new GameFi protocols have been launched in January, greater than in another month, and most of those—57—have been launched on BNBThe quantity continues to be decrease than the variety of initiatives launched in November or December 2021. By January, the market had already entered its downturn.Reference: 2022: Chains by variety of new projects6. By the tip of the yr, BNB Chain had the biggest variety of lively initiatives at 226Polygon is an L2 EVM chain that has proven fixed development and powerful technical efficiency within the final yr. The sport with probably the most customers on the chain is Benji Bananas.Reference: Month-to-month Lively Video games by Chain7. Solana went from having solely 2 GameFi protocols firstly of the yr to twenty by the tip.Significantly, Solana has change into the go-to chain for Transfer-to-Earn initiatives. The two largest GameFi protocols on the chain are STEPN and Walken—the 2 largest M2E initiatives.Reference: Month-to-month Lively Video games by Chain5 Stats about GameFi Funding & Fundraising1. Epic Video games acquired the biggest funding spherical, $2B from Sony and Kirkbi, to construct its metaverse projectEpic Video games is the studio behind Fortnite and the hypothesis is that it’s going to construct out a Lego-themed metaverse shortly.Reference: GameFi Challenge Financing quantity and Financing Occasions in 20222. Animoca Manufacturers raised $434M in two rounds and disbursed fundraising in 61 rounds, making it one of many largest recipients of funding and the biggest investor in GameFiAnimoca Manufacturers, the corporate behind The Sandbox, has positioned itself a kingmaker within the GameFi area with investments in Axie Infinity, OpenSea and CryptoKitties. Its different main initiatives embody Phantom Galaxies and Benji Bananas.Reference: Variety of GameFi Tasks by Investor3. There have been solely 4 Collection B rounds and two Collection C rounds closed in 2022 in GameFiThis is anticipated for a nascent trade like GameFi.Reference: GameFi Funding Record 20224. Gaming initiatives acquired 16% of blockchain trade investments, greater than another kindIt must be famous that metaverse initiatives, which regularly overlaps with GameFi, got here second with 7.79% of complete blockchain funding.Reference: Funding-Variety of Funding by Class (2022)5. Complete funding in gaming elevated by 84% from 2021 to 2022Even whereas the GameFi class fared higher than others like DeFi and CeFi, 2022 was a troublesome yr for your complete blockchain area.Reference: GameFi Funding TrendThis piece is contributed by Footprint Analytics group in Dec. 2022Data supply: Footprint Analytics – Stats in regards to the GameFi trade in 2022The Footprint Group is a spot the place information and crypto fans worldwide assist one another perceive and achieve insights about Web3, the metaverse, DeFi, GameFi, or another space of the fledgling world of blockchain. Right here you’ll discover lively, numerous voices supporting one another and driving the group ahead.

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