User activity growth in the Play-to-Earn (P2E) segment exceeded 2,000% for the year.

Play-to-Earn (P2E) Sector Already Has Over 1.22 Million Active Users

Analyst firm DappRadar presented a report with the Blockchain Gaming Alliance (BGA) on the status of blockchain-based gaming projects built on Play-to-Earn (P2E) mechanics. According to analysts, the activity of such projects has increased by more than 2,000% over the past 12 months. 

The total number of unique active wallets (UAW) in the P2E sector was approximately 1.22 million in March. For Q1 2022, 52% of all blockchain activity was in the gaming segment. Thanks to this performance, gaming P2E projects raised more than $2.5 billion in funding in Q1, a 150% increase over the same period last year. 

Even the recent hack of Ronin, which powers the most popular P2E game, Axie Infinity, did not affect the situation. At the same time, there is increasing competition in the sphere — Crazy Defense Horses and Aavegotchi are among actively gaining popularity. Activity in the Polygon blockchain network has already grown by almost 220% since the beginning of 2022.

The field is growing so fast that Play-to-earn games have replaced jobs for some people in developing countries like the Philippines.

Author: Evgeny Tarasov
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