The number of cryptocurrencies participating in blockchain games has increased in recent months, according to a new study.

According to DappRadar’s Q3 Blockchain Game report, the number of unique active wallets connected to gamedapps reached 754000 during this period. This represents nearly half of the industry’s activity, with the blockchain industry registering 1.54 million unique active wallets today on average over a three-month period.

An active wallet unique method refers to the unique addresses that interact with a particular smart contract, so it doesn’t necessarily translate to daily active users.

The increase in gaming activity was largely driven by the “play to make money” movement and non-money tokens in the game. According to the study, in-game NFT holdings generated $2.32 billion in sales in the third quarter, adding that this represented 22% of all NFT trading volume during the period:

“Amid all the euphoria surrounding Ethereum pools like CryptoPunks and Bored Ape Yacht Club (BAYC), the role of NFT game elements can be overlooked.”
From July to September, trading volume in the NFT space was approximately $10.67 billion, up just over 700% from the previous quarter.

Axie Infinity metaverse has been one of the main drivers of blockchain gaming. Players harvest and grow axes, which are virtual creatures that can be used in PvE and PvP matches in the game.

Axie Infinity’s third-quarter trading volume was $2.08 billion, while the current total volume is $2.55 billion. DappRadar reports that it has generated over 6.7 million sales so far, with a current daily volume of $15.2 million.

NFT’s CryptoSlam tracker called Axie Infinity the best-selling kit in the last 30 days with a value of $504 million.

On the topic: Metaverse, a game for making money and a new financial model for gaming.

At the end of September, Axie Infinity allowed itself to bet its token, AXS, which provides an extra layer of passive income in addition to Axie’s ability to make money. The move triggered trading on AXS and pushed prices to a high of $155 on October 4. Over the past three months, the token has added 743%.

Money-making gambling communities like Syndicate Games, which raised $12.5 million in July through a 30-second IDO (the original DEX demo), have also taken root in recent months.

The syndicate recently added gaming gambling to its growing ecosystem, including Thetan Arena, CyBall, Influence, Merit Circle and Star Atlas, just this month.

Source: CoinTelegraph