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GameFi: Polygon’s Rise in the Gaming World

GameFi: Polygon’s Rise in the Gaming World

Polygon (MATIC), a Layer-2 scaling solution, has gained traction in gaming after a significant rise in daily unique active wallets (dUAW) last month.

According to DappRadar, Polygon reported an increase of 53% in dUAWs in March, reaching 138,081, compared to February.

Polygon is now the second-largest gaming blockchain, with Boomland’s Hunters On-Chain leading the race after its testnet launch last month.

Hunters On-Chain has become one of the top five blockchain games regarding on-chain decentralized app (DApp) activity. Polygon was previously known for its DeFi DApps but is now gaining recognition as a gaming blockchain.

Wax Blockchain (WAXP) remains the leading gaming blockchain, with its dUAW surpassing that of Polygon by over 228%.

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According to DappRadar, Wax had an average of 314,976 daily unique active wallets in March, representing an 8.11% decrease from the previous month. However, Alien Worlds dominated the Wax activity by 66%.

DappRadar noted that although on-chain gaming activity decreased by 3.33% in March, games still account for 45.6% of the DApp industry activity in Q1 2023.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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