We recently wrote about how video games will likely be a key driver of the mass adoption of blockchain technology, which has led many top investment firms to drive capital into leading projects.
However, while the first “killer” gaming app is being built, we can look at the user activity on the current games available on the Ethereum (ETH) blockchain, the most popular platform for gaming dApps.
CryptoKitties has largely been king in the early days of blockchain gaming, largely due to its novelty and recent Series A financing round of $12 million, led by Silicon Valley venture capital giant Andreessen Horowitz.
However, despite its headstart, other decentralized games are beginning to gain ground in terms of active users. Perhaps the most prominent mover in recent weeks is HyperDragons, a blockchain based strategy game where players construct kingdoms, accumulate assets and battle dragons on the blockchain.
Notably, HyperDragons has seen a 10x increase in Daily Active Users (DAUs) and a 15X increase in money spent in-game since its Tenfold Protocol integration, which lowers the barrier of entry for players by rendering swift and gas fee-free gameplay. This growth has propelled HyperDragons to the top spot of all Ethereum-based gaming dApps, in terms of DAUs.
Nonetheless, the number of users remains low for all decentralized applications and will continue to be as long as the barriers to entry remain high relative to their centralized counterparts.
More: Dapp Radar
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.