August 25, 2022, 9:54AM EDT
• 11 min read

The State of Crypto Gaming

Quick Take

  • 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.

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