August 25, 2022, 9:54AM EDT
• 11 min read
The State of Crypto Gaming
- The market capitalization of the top 50 GameFi tokens declined by over 60% between January and August 2022, roughly equivalent to the decrease in the market capitalization of the top 50 DeFi tokens.
- As of August 18, 2022, there are 1,575 GameFi projects. 40% of these games exist on BNB Chain, 26% on Ethereum, and 15% on Polygon.
- Many games are pivoting towards the free-to-play (F2P) model to lower the high entry barrier of the current iteration of GameFi. However, the sustainability of token economics remains unsolved in both premium and F2P game models.
- Alien Worlds, Axie Infinity, Solitaire Blitz, Splinterlands, and Upland, are the 5 most popular blockchain-based games based on daily active addresses.