Polygon, one of the leading crypto projects, continues to shine in the field of blockchain games. According to crypto researcher Delphi Digital, Polygon has taken the lead in the GameFi space.
According to the data of the last 90 days, Solana has 26% and BNB Chain 18% shares in the playground, while Polygon dominates 35% of the whole market. The fourth and fifth seats were taken by the Hive and Ronin blockchains.
.@0xPolygon has the most active GameFi wallets out of all Layer-1s over the past 90 days. pic.twitter.com/yqJI1AQSX1
— Delphi Digital (@Delphi_Digital) May 14, 2023
It is commented that Polygon has increased its market share under the leadership of The Sandbox (SAND) and Planet IX applications. According to the data, the number of active wallets on Sandbox and Planet increased by 3.6% and 13.6%, respectively, in the past week. The rise in the number of active wallets indicates the increasing interest of users in games.
NFTs Didn't Deliver as Expected
According to DappRadar data, the mobility in decentralized applications was not reflected in digital artworks. While active wallets increased in Polygon games, the volume of NFT transactions decreased.
The leading crypto ecosystem is also strong in DeFi (Decentralized finance) apart from GameFi. According to Artemis' chart, Polygon has outstripped other blockchains in decentralized finance except ETH.
Majority of crypto experts attribute progress in DeFi space to decentralized exchanges. Regulatory pressure from centralized exchanges may have directed crypto lovers to DeFi platforms.
