Polygon Eclipses Hive to Become Second Largest Blockchain Gaming Network April 9, 2023 April 9, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 9, 2023 by Kelly Cromley

Polygon Eclipses Hive to Become Second Largest Blockchain Gaming Network

There is a need for a layer-2 scaling solution to address the scaling issues of Ethereum. During the month of March, Polygon retained its status as the second most extensive blockchain gaming network in terms of the quantity of distinct active wallets. (UAW). As per the “Blockchain Games Report” released by DappRadar, a decentralized application (DApp) analytics platform, the count of unique active wallets (UAWs) participating in games on Polygon witnessed a surge of 53% from February to March, reaching 138,081.

Polygon has a significant lead over Hive (84,000 UAWs) and BNB Chain, which are in third and fourth place, respectively. (80,000 UAWs). Wax holds a significant advantage over its competitors with a workforce of 314,000 members who are part of the United Auto Workers union. As per the contents of the document, it can be inferred that…

In the current month, Polygon, a blockchain that was formerly recognized for its DeFi DApps, has overtaken Hive and attained the second rank. This development bodes well for Polygon, as its stature as a blockchain platform for gaming is on the rise.

As per the report by DappRadar, Hunters On-Chain, a game on BoomLand, has played a crucial role in the remarkable surge of UAW on Polygon. The UAW has witnessed a staggering growth of over 17,000% in the last 30 days, majorly attributed to the aforementioned game. BoomLand launched Hunters On-Chain in January, which is a Web3 version of their well-received mobile game, Hunt Royale. The game is available at no cost and incorporates NFTs that bear similarities to Minecraft in terms of both visual aesthetics and gameplay.

A new record was set on March 9 when approximately 55,300 supporters of UAW attended the game. The reason behind the recent surge in the game’s popularity remains unidentified, although the sale of in-game NFTs on March 31 could have been a contributing factor.

As per the report, the on-chain gaming activity observed a decline of 3.33 percent in March, with 741,567 daily Unique Active Wallets (dUAW). Nonetheless, games still constitute 45.6 percent of the DApp industry activity in the first quarter of 2023.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.