Blockchain gaming unique active wallets decreased 8% in Q1 2023

Apr. 6, 2023

By Zeynep Geylan

The average number of daily unique active wallets was calculated as 791,474, while investments in blockchain gaming increased over 12%.

The number of unique active wallets (UAW) recorded an 8.58% decrease in the first quarter of 2023, as the recent DappRadar report revealed.

The average daily UAW was calculated as 791,474 for the first three months of the year, as the DappRadar report stated. Despite the decrease, investments made in Web3 gaming recorded a 12.95% increase and reached $739 million.

Web3 Gaming dominance

Even though the number of UAW recorded a slight decrease in the first quarter of 2023, it still reflects a bullish sentiment when the UAW counts are compared across the fields of gaming, DeFi, NFT, and social.

Social and DeFi industries’ UAW count also decreased along with the gaming industry during the first quarter of 2023, while only the NFT sphere’s UAW count remained the same. These changes increased the dominance of Web3 gaming to 45.6% in the first quarter of 2023 from the 42.87% recorded in the previous quarter.

Top gaming chains

Almost all gaming chains reflected the decrease in the number of UAWs in Web3 gaming except for Polygon (MATIC) and Klaytn (KLAY).

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