Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
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The crypto market saw a significant decline in 2022, but not all sectors faced the same trajectory. In 2022, the funding market is very active, with capital flowing into the GameFi industry at an unprecedented rate. The overall Q1 funding amount of the GameFi rose 194.19% year on year, with start-up game projects being hotly pursued by capital and the industry developing positively.
Footprint Analytics, a one-stop visual data analytics platform, and DeGame, a Web 3.0 NFT game infrastructure platform, have released the 2022 Q1 GameFi Industry Report, which provides a comprehensive look at the GameFi industry’s performance in the first quarter.
The report includes:
Overall market data and trends
GameFi-related performance on various blockchains
Investment and financing developments,
A detailed look at STEPN, the quarter’s biggest project
Click here to download the full Q1 2022 GameFi Industry Development Report, or read the summary below.
I. The GameFi market was stable
The total market capitalization of all GameFi tokens fell by 15% in Q1 due to market trends, which correlated with fluctuations in BTC market cap. However, the total number of GameFi users remained roughly the same as in 2021 Q4 at around 1.2 million.
The total transaction volume of GameFi projects across all chains in Q1 was $6.322 billion. The top three chains by transaction volume from GameFi were WAX, Hive, and BSC. WAX is in the lead, accounting for 77.7% of the total game volume of each chain combined.
The daily trading volume peaked at $205.8 million on Jan. 9, and declined after.
II. Many chains remain undiversified
In Q1, most chains continued to be dominated in terms of users by a single large, successful project. BSC and Ethereum are exceptions to this trend and have relatively even distribution.
Here are some of those unbalanced ecosystems and their respective head games:
Wax: Alien Worlds (x% of total users)
Hive: Splinterlands (99.9% of total users)
Ronin: Axie (100% of users)
EOS: Upland (94.1% of users)
III. 2022 Q1 Game Token Liquidity
In Q1 2022, 20% to 30% of tokens listed on centralized exchanges were GameFi project tokens, and the trading volume of the head game tokens is extremely high, occupying the majority of the market share.
The project with the highest daily token trading volume was STEPN, whose governance token, GMT, had an average daily trading volume of nearly $100 million and was by far the best performing chain in terms of token liquidity realization. It was followed by Gala Games, The Sandbox and Decentraland.
IV. 2022 Q1 GameFi Investment Jump by 194.19% YoY
The GameFi market as a whole saw a 194.19% increase in Q1 funding compared with the data last year and a 40.78% decrease on a season-over-season basis. Out of all project categories, indie games — those video games typically created by individuals or smaller development teams, — were at the forefront in terms of both the number and amount of funding than any other category of GameFi project.
There were more seed rounds than any other kind in Q1 for GameFi, whereas strategic rounds raised the most total funds. Projects on Polygon received the most funding in amount and quantity, and Animoca Brands was the most active investment institution.
V. STEPN dominated the quarter with innovative gameplay
STEPN, a move-to-earn GameFi app built on Solana officially launched in January and reached 21K daily and 66K monthly user activities in February, which is super fast.
Since its launch in January, the number of new daily top-up users has been growing and the growth rate has accelerated, with the current daily top-up users at around 5–8K. Official wallet GST daily incoming and outgoing amounts reach the level of 10 million USD, daily withdrawals and deposits show a stepped and significant rise at the end of March, but the net inflow and outflow has basically been in a dynamic balance.
Conclusion:
While it may seem like GameFi is in a bubble, data from Q1 indicates that the sector has been relatively strong compared to the greater crypto industry. The market cap of gaming projects was stable, token liquidity **increased, **and VCs continued showing significant interest in new projects. Additionally, new use cases in the form of move-to-earn have opened the possibility for more widespread adoption of GameFi.
However, many chains still face difficulty in diversifying their ecosystem, which may pose systemic risk to both the chain and the head GameFi projects that depend on them.
To better understand each of these trends, read the full 2022 Q1 GameFi Industry Report by Footprint Analytics and DeGame.
About Footprint Analytics:
Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.
*Footprint Website: *https://www.footprint.network
*Discord: *https://discord.gg/3HYaR6USM7
*Twitter: *https://twitter.com/Footprint_DeFi
About DeGame:
DeGame.com is a Web 3.0 NFT game infrastructure platform under Singapore-based blockchain company L2Y Research, DeGame aims to become the most comprehensive aggregator of Steam and GameFi MarketCap in the Web 3.0 world. With DeGame, players and investors can better identify and discover high-quality games and Play-to-Earn earning opportunities through its one-stop solutions: game searching, data tracking & analysis, strategy, download and more functions.
*DeGame Website: *https://degame.com/en/home
*Discord: *https://discord.com/invite/9snHhFzAx2
*Twitter: *https://twitter.com/degame_l2y
The crypto market saw a significant decline in 2022, but not all sectors faced the same trajectory. In 2022, the funding market is very active, with capital flowing into the GameFi industry at an unprecedented rate. The overall Q1 funding amount of the GameFi rose 194.19% year on year, with start-up game projects being hotly pursued by capital and the industry developing positively.
Footprint Analytics, a one-stop visual data analytics platform, and DeGame, a Web 3.0 NFT game infrastructure platform, have released the 2022 Q1 GameFi Industry Report, which provides a comprehensive look at the GameFi industry’s performance in the first quarter.
The report includes:
Overall market data and trends
GameFi-related performance on various blockchains
Investment and financing developments,
A detailed look at STEPN, the quarter’s biggest project
Click here to download the full Q1 2022 GameFi Industry Development Report, or read the summary below.
I. The GameFi market was stable
The total market capitalization of all GameFi tokens fell by 15% in Q1 due to market trends, which correlated with fluctuations in BTC market cap. However, the total number of GameFi users remained roughly the same as in 2021 Q4 at around 1.2 million.
The total transaction volume of GameFi projects across all chains in Q1 was $6.322 billion. The top three chains by transaction volume from GameFi were WAX, Hive, and BSC. WAX is in the lead, accounting for 77.7% of the total game volume of each chain combined.
The daily trading volume peaked at $205.8 million on Jan. 9, and declined after.
II. Many chains remain undiversified
In Q1, most chains continued to be dominated in terms of users by a single large, successful project. BSC and Ethereum are exceptions to this trend and have relatively even distribution.
Here are some of those unbalanced ecosystems and their respective head games:
Wax: Alien Worlds (x% of total users)
Hive: Splinterlands (99.9% of total users)
Ronin: Axie (100% of users)
EOS: Upland (94.1% of users)
III. 2022 Q1 Game Token Liquidity
In Q1 2022, 20% to 30% of tokens listed on centralized exchanges were GameFi project tokens, and the trading volume of the head game tokens is extremely high, occupying the majority of the market share.
The project with the highest daily token trading volume was STEPN, whose governance token, GMT, had an average daily trading volume of nearly $100 million and was by far the best performing chain in terms of token liquidity realization. It was followed by Gala Games, The Sandbox and Decentraland.
IV. 2022 Q1 GameFi Investment Jump by 194.19% YoY
The GameFi market as a whole saw a 194.19% increase in Q1 funding compared with the data last year and a 40.78% decrease on a season-over-season basis. Out of all project categories, indie games — those video games typically created by individuals or smaller development teams, — were at the forefront in terms of both the number and amount of funding than any other category of GameFi project.
There were more seed rounds than any other kind in Q1 for GameFi, whereas strategic rounds raised the most total funds. Projects on Polygon received the most funding in amount and quantity, and Animoca Brands was the most active investment institution.
V. STEPN dominated the quarter with innovative gameplay
STEPN, a move-to-earn GameFi app built on Solana officially launched in January and reached 21K daily and 66K monthly user activities in February, which is super fast.
Since its launch in January, the number of new daily top-up users has been growing and the growth rate has accelerated, with the current daily top-up users at around 5–8K. Official wallet GST daily incoming and outgoing amounts reach the level of 10 million USD, daily withdrawals and deposits show a stepped and significant rise at the end of March, but the net inflow and outflow has basically been in a dynamic balance.
Conclusion:
While it may seem like GameFi is in a bubble, data from Q1 indicates that the sector has been relatively strong compared to the greater crypto industry. The market cap of gaming projects was stable, token liquidity **increased, **and VCs continued showing significant interest in new projects. Additionally, new use cases in the form of move-to-earn have opened the possibility for more widespread adoption of GameFi.
However, many chains still face difficulty in diversifying their ecosystem, which may pose systemic risk to both the chain and the head GameFi projects that depend on them.
To better understand each of these trends, read the full 2022 Q1 GameFi Industry Report by Footprint Analytics and DeGame.
About Footprint Analytics:
Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.
*Footprint Website: *https://www.footprint.network
*Discord: *https://discord.gg/3HYaR6USM7
*Twitter: *https://twitter.com/Footprint_DeFi
About DeGame:
DeGame.com is a Web 3.0 NFT game infrastructure platform under Singapore-based blockchain company L2Y Research, DeGame aims to become the most comprehensive aggregator of Steam and GameFi MarketCap in the Web 3.0 world. With DeGame, players and investors can better identify and discover high-quality games and Play-to-Earn earning opportunities through its one-stop solutions: game searching, data tracking & analysis, strategy, download and more functions.
*DeGame Website: *https://degame.com/en/home
*Discord: *https://discord.com/invite/9snHhFzAx2
*Twitter: *https://twitter.com/degame_l2y
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