Gaming Dominates Web3 Industry Despite Active Wallet Drop

• Gaming accounts for 45% of web3 industry active wallets in February, despite a 12.33% decrease in activity.
• Two games – Oak of Peak and Trickshot Blitz- increased their on-chain user counts, while DeFi’s dominance rate increased to 24%.
• WAX (WAXP) was the only major gaming blockchain to increase its DUAWs numbers in February.

Gaming Dominates Web3 Industry in February

Despite a decrease in Daily Unique Active Wallets (dUAW) of 12.33%, gaming still accounts for 45.43% of the decentralized application (dApp) industry as of the end of February, according to a recent DappRadar report. This marks an increase from January’s 48%, but it is still nearly double the amount of DeFi’s dominance rate which increased to 24%.

Games Increase On-Chain User Counts

Two games – Oak of Peak and Trickshot Blitz- have bucked the trend and recorded increases in on-chain user counts. Additionally, game developer Unity has entered the field by offering 13 blockchain-based software development kits (SDK).

WAX Records Increase In DUAWs

The overall decrease in dUAWs affected all major gaming blockchains apart from WAX (WAXP), which recorded an increase with 342,764 dUAWs at the end of February – 3.26% higher than January’s figures.

Other Blockchains Record Decrease In DUAWs

HIVE (HIVE) recorded the most significant shrink at 36%, followed by Polygon (MATIC), BNB Chain (BNB), and EOS (EOS) who shrunk by 35%, 12%, and 3.44%, respectively.


Despite recording a decrease in activity, gaming remains dominant over web3 industry with more than 45% market share compared to DeFi’s 24%. However, two games – Oak Of Peak and Trickshot Blitz– managed to go against this trend and record increases in their user count while WAX was the only major gaming blockchain that increased its DUAW number