Blockchain Games: A Booming Industry with Sky-High Growth Rate

On April 21st, a report from Polaris Market Research showed that the total transaction volume of blockchain games reached $5.41 billion in 2022, with an expected compound annual growth rate of 68.90% over the next 10 years; The most popular P2E game is Axie Infinity, with an average of 535202 searches per month; SecondLive ranks second with an average monthly search volume of 496313; The third ranked company is Stepn, with an average search volume of 478794. （beincrypto）

Report: The total transaction volume of chain games in 2022 is 5.41 billion US dollars, with a compound annual growth rate of 68.90% in the next 10 years

The blockchain industry has seen tremendous growth over the past few years, with the emergence of blockchain games being one of the most notable developments. Blockchain games are games built on blockchain technology, allowing players to own and trade in-game assets, as well as earn rewards through gameplay. According to a report by Polaris Market Research, the transaction volume of blockchain games reached $5.41 billion in 2022, with a tremendous expected compound annual growth rate of 68.90% over the next 10 years.

The Most Popular P2E Games

Among the many blockchain games available, some have emerged as the most popular, especially in the play-to-earn (P2E) category. P2E games are games that allow players to earn cryptocurrency while they play. The most popular P2E game is Axie Infinity, attracting an average of 535,202 searches per month. Axie Infinity is a blockchain-based game where players can raise and battle creatures called Axies, with in-game assets that are fully tradable on the blockchain.
Following closely behind Axie Infinity is SecondLife, with an average monthly search volume of 496,313. SecondLife is another blockchain-based game that allows players to create a virtual world with their own rules, assets, and economies. Players have the freedom to create and monetize content, with in-game assets that can be traded on the blockchain.
The third-ranked company is Stepn, with an average search volume of 478,794. Stepn is a unique blockchain-based game that combines social media and gaming, allowing players to earn cryptocurrency for performing daily activities. The more social a player gets, the more rewards they can earn.

The Future of Blockchain Games

The tremendous growth rate of blockchain games is poised to continue, with many tech companies and gaming industry giants investing in the space. Blockchain technology enables true ownership of in-game assets, which has the potential to revolutionize the gaming industry by bringing increased transparency, security, and profitability to game developers and players alike.
With blockchain games becoming ever more popular, we are sure to see many more games that incorporate blockchain technology in the future. As the market continues to mature, we expect to see more innovative and immersive games that offer new ways to earn cryptocurrency and fully engage with the blockchain ecosystem.

Conclusion

The emergence of blockchain games is reshaping the gaming industry, offering a new dimension to the way players engage with their favorite games. With the tremendous growth rate of the sector, we are confident that blockchain games are here to stay. From Axie Infinity to SecondLife and Stepn, the most popular P2E games are just the beginning of the many innovative blockchain games available, poised to transform the gaming experience forever.

FAQs

Q: What are blockchain games?

A: Blockchain games are games built on blockchain technology, allowing players to own and trade in-game assets, as well as earn rewards through gameplay.

Q: What is Axie Infinity?

A: Axie Infinity is a blockchain-based game where players can raise and battle creatures called Axies, with in-game assets that are fully tradable on the blockchain. It is one of the most popular P2E games, with an average of 535,202 searches per month.

Q: What is the expected growth rate of blockchain games?

A: According to a report by Polaris Market Research, the transaction volume of blockchain games is expected to have a compound annual growth rate of 68.90% over the next 10 years.