According to DappRadar, the all-inclusive app store for decentralized software, digital assets, and NFTs, February is often a sluggish month for the blockchain gaming sector. According to the site, there were 12.33% fewer active unique wallets associated to gaming Dapps in February than there were in January.
Notably, on March 9, DappRadar published its monthly analysis of on-chain data for February under the title "Unlocking Exciting Developments: Why a Down Month for Blockchain Gaming is Misleading," in which the platform offers a "glimpse into the industry’s potential for growth and development, highlighting the pivotal role of gaming in driving innovation and progress."
The site made note of the fact that the blockchain gaming market is developing and had some changes in its unique daily wallets (dUAW) in February, asserting:
"The average daily unique active wallets connecting to blockchain gaming dapps in February were 752,735, representing a 12.33% decrease from the previous month. This decline is consistent with previous years, as February tends to be a slow month for the industry."
Wax, the leading blockchain gaming protocol, was ranked #1 by DappRadar with an average of 342,764 dUAW, a rise of 3.26% from January.
Interestingly, every protocol other than Wax had significant drops in dUAW, including Hive (116,930 dUAW and 36.14% loss), Polygon (90,139 dUAW and 35% decline), BNB Chain (85,363 dUAW and 12.18% decline), and EOS (23,891, 3.44% decline).
DappRadar asserted that although there is a significant decrease in gaming activity,
“blockchain gaming remains the most dominant sector, with a 45.43% dominance in the industry’s unique wallets”.
