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Home BREAKING NEWS

Blockchain Gaming Hits Milestone with 1M Daily Wallets

by BlockNews.com Team
November 17, 2023
in BREAKING NEWS, CRYPTO, FEATURED, GAMING
Reading Time: 2 mins read
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  • Blockchain games saw growth in October, with 1 million daily active wallets on multiple days. However, some major games are battling bot accounts.
  • Games like Alien Worlds have said millions of accounts are bots. Other games use movement verification to prevent bots from automating rewards.
  • Unique wallet data has limitations in determining real user activity, as experts argue transaction volume is a better metric with less bot susceptibility.

Blockchain games saw continued growth in October, reaching 1 million daily active wallets on multiple dates according to DappRadar data. This comes as some major games battle bots.

The Current State of Blockchain Gaming

In October, blockchain games saw over 1 million daily active wallets (DAWs) on 4 days, up from 3 days in September. Alien Worlds, Sweat Economy, SecondLive, Splinterlands and BLCR saw the most DAWs. However, Alien Worlds said 16 million+ accounts are bots. Games like Sweat Economy use movement verification to prevent bots.

The Bot Problem

Many blockchain games like Alien Worlds struggle with bot accounts that automate rewards. Axie Infinity dealt with this in 2021. Last month, Alien Worlds said 16 million+ accounts are bots. Games like Sweat Economy use movement tracking to prevent bots at scale.

The Rise and Fall of Pixels

In October, Pixels saw almost no users. But after moving to Ronin on Oct. 30, it jumped to ~6,000 DAWs. From Nov. 6-10 it hit 50,000+ DAWs before declining. Its founder said Pixels is developing anti-bot measures.

🚨 NEWS: Crypto-enabled games reached 1 million daily unique active wallets in October.

However, bot concerns discount much of this data, questioning its accuracy.

Will this data change as more Web3 games get added to mainstream platforms like Epic?

Or are bots here to stay? pic.twitter.com/qX3LtAdAih

— BlockNews.com (@blocknewsdotcom) November 16, 2023

The Limitations of Unique Wallet Data

Experts argue that unique wallet data is prone to bots. Transaction volume may be a better metric of authentic activity. The recent DappRadar report sparked discussion about how well unique wallet data represents real demand. It’s hard to determine how much activity is real users versus bots.

Conclusion

While gaming was 33% of dapp activity in October, it’s impossible to know how much of that was real human users versus bots. Unique wallet data has limitations in determining authentic user activity on blockchain games plagued by bots.

Tags: BlockchaincryptoGameWeb3
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