{"id":125026,"date":"2025-03-13T21:16:48","date_gmt":"2025-03-13T21:16:48","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125026"},"modified":"2025-03-13T21:16:48","modified_gmt":"2025-03-13T21:16:48","slug":"l2-gaming-activity-spikes-in-february-but-wallets-decline-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125026","title":{"rendered":"L2 gaming activity spikes in February, but wallets decline \u2014 Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsGaming activity on some layer-2 blockchains rose by over 20,000% in February 2025 while the number of daily unique active wallets (dUAWs) dropped, according to a report by DappRadar.<br \/>\nAbstract, an Ethereum layer-2 blockchain developed by Igloo, the parent company of NFT collection Pudgy Penguins, led all chains with a growth of over 20,000% in daily active unique wallets (dAUWs). Soneium, Sony\u2019s Ethereum L2 blockchain, came in second with a growth of over 3,200%, and Linea, another L2 blockchain, placed third with over 1,000% growth.<br \/>\nMonthly growth of unique active wallets across blockchains. Source: DappRadarOn Abstract and Soneium, two games were the primary drivers of activity growth: Treasure Ship on Abstract, which currently has around 72,000 UAWs, and Evermoon on Soneium, with approximately 32,000 UAWs.<br \/>\nHowever, despite the rise of gaming activity on L2s, dUAWs overall dropped by 16% compared to January, settling at around 5.8 million. The report notes that while blockchain gaming \u201chas historically held strong market dominance, economic conditions have shifted investor focus back towards DeFi. With market uncertainty causing traders to exit positions, DeFi now leads as the most dominant sector.\u201d<br \/>\nThe most dominant blockchains for gaming in terms of dUAWs are opBNB, a layer-2 blockchain built on top of the BNB Smart Chain; independent layer-1 blockchain Aptos built for decentralized applications; and Nebula, which is a Skale chain.<br \/>\nAccording to the report, blockchain gaming investments soared to $55 million in February, marking a 243% increase from January, with 92% of the funds allocated to infrastructure development.<br \/>\nBlockchain gaming activity sees year-over-year growth, but challenges persist<br \/>\nAs Cointelegraph reported in February, blockchain gaming activity saw a significant year-over-year surge, with daily unique active wallets soaring by 386% to 7 million. The sharp rise led some industry observers to speculate about a potential blockchain gaming bull run in 2025 \u2014 though that prospect is now under debate.<br \/>\nOne of the games that had been drawing attention to the use of blockchains in games was \u201cOff The Grid.\u201d The title, which plans to use an Avalanche subnet, generated more than 100 million transactions in its first month.<br \/>\nThe sector, however, has faced challenges. Gunzilla Games Web3 director Theodore Agranat told Cointelegraph that there \u201cis no new money coming into the system,\u201d explaining that existing capital is just being recycled between gaming projects.<br \/>\n\u201cThey will just go from project to project and extract whatever value they can from that project,\u201d he said. \u201cAnd once there\u2019s no more value to be had there, they are going to move on to another project.\u201d<br \/>\nMagazine: Web3 Gamer: How AI could ruin gaming, The Voice, addictive Axies game<a href=\"https:\/\/cointelegraph.com\/news\/l2-gaming-activity-spikes-february-wallets-drop-report?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsGaming activity on some layer-2 blockchains rose by over 20,000% in February 2025 while the number of daily unique active wallets (dUAWs) dropped, according to a report by&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125026"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125026"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125026\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125026"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}