# March Monthly GameFi Report - Footprint Analytics - Medium

**Published by:** [Footprint Analytics](https://paragraph.com/@footprint-analytics/)
**Published on:** 2023-04-17
**URL:** https://paragraph.com/@footprint-analytics/march-monthly-gamefi-report-footprint-analytics-medium

## Content

Author: daniel@footprint.network Data Source: Monthly GameFi Report March was a relatively sleepy month for the GameFi industry, with no huge announcements, breakthrough titles or death spirals. Splinterlands and Hive — classic names in the timeline of GameFi — are starting to face a decline in users, while Alien Worlds continues to lead. Illuvium, the first in the new batch of AAA blockchain games, is on top for active players on Ethereum. For the first time in 5 months, GameFi user metrics are up MoM. Overall numbers saw only a slight increase, but new users jumped 66% from February. While funding was down in March, one piece of news is sure to excite old-school online MMORPG fans: CCP Games raised $40M to develop a blockchain game in the Eve universe.Key FindingsOverall Crypto OverviewETH dropped to 1,429 on March 11, then jumped to its highest this year at the end of the monthMost Altcoins declined compared to earlier months — not BNBGameFi UsersNew user percentage had its second highest month everUnique GameFi users increased 11.8% MoMNew GameFi users increased 66% MoMGameFi Projects OverviewAlien Worlds had the highest number of users, followed by Splinterlands and Farmers WorldOn ETH, Illiuvium had the highest number of active users out of all games, followed by Gala Games titles and Axie InfinityAfter declining in February, the number of Polygon GameFi users slowly climbed back to overtake Hive in MarchGameFi Investment & FundingMarch was the 2nd worst month for GameFi funding in 2 years, with just 5 rounds closedCCP Games received the biggest investment, closing a $40M Seed roundCrypto Macro OverviewETH dropped to 1,429 on March 11, then reboundedPrice of ETH January The cryptocurrency has demonstrated a robust performance, with a 7-month high jump indicating a positive trend. While there is some correlation between the price action and the S&P’s weak start of the month followed by a strong rebound, it is not as closely linked as during the bull market. March was BNB’s strongest month yet in 2023Altcoin Prices The pump was likely driven by Uniswap, the largest DEX, officially deploying on the BNB Chain on March 16. Analysts predict this will considerably increase on-chain activity.GameFi Market OverviewGameFi user metrics had their most positive MoM performance in 5 monthsMonthly GameFi Users New user percentage was at its second highest ever — which by itself is not necessarily a positive or negative indicator. However, unique GameFi users increased 11.8% MoM, and new GameFi users increased 66% MoM.GameFi Projects OverviewAlien Worlds remained the largest title by usersTop 10 Games Ranking by Users Alien World stayed at the top. While Splinterlands followed, its users declined significantly MoM (January: 6.5M, February: 4M, March: 3.3M). Splinterlands was followed by Farmers World and PlanetIX. Illiuvium was the most popular GameFi title on ETHGame Ranking on Eth Chain Illuvium had the highest number of active users out of all games on Ethereum with 4,982 active players in March, followed by the Gala Games ecosystem of projects and Axie Infinity. Polygon GameFi users slowly climbed while Hive declines Hive, known as the chain for Splinterlands, has long been the 2nd largest GameFi chain. However, judging by the last several months, it looks like the space-themed strategy title and chain are in dire straights to retain their users.GameFi Chains Active UsersGameFi Investment & Funding OverviewThe GameFi sector closed 5 rounds in MarchGameFi Projects Funding March was the 2nd worst month for GameFi funding in 2 years. However, it is important to note the very positive previous month, when 15 rounds were closed. CCP Games gets $40M to get EVE on-chainGameFi Funding CCP Games received the biggest investment, closing a $40M Seed round. The longstanding Icelandic development studio is best-known for its MMORPG, EVE Online. Now, it’s set to use the $40M for a AAA blockchain title set in the Eve universe. This piece is contributed by Footprint Analytics community. The Footprint Community is a place where data and crypto enthusiasts worldwide help each other understand and gain insights about Web3, the metaverse, DeFi, GameFi, or any other area of the fledgling world of blockchain. Here you’ll find active, diverse voices supporting each other and driving the community forward. Footprint Website: https://www.footprint.network Discord: https://discord.gg/3HYaR6USM7 Twitter: https://twitter.com/Footprint_Data

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