The Rising Trend of Blockchain Games: An Analysis of Top P2E Games

On April 21st, a report from Polaris Market Research showed that the total transaction volume of blockchain games reached $5.41 billion in 2022, with an expected compound annual growth rate of 68.90% over the next 10 years; The most popular P2E game is Axie Infinity, with an average of 535202 searches per month; SecondLive ranks second with an average monthly search volume of 496313; The third ranked company is Stepn, with an average search volume of 478794. （beincrypto）

Report: The total transaction volume of chain games in 2022 is 5.41 billion US dollars, with a compound annual growth rate of 68.90% in the next 10 years

Blockchain technology has revolutionized the gaming industry, providing developers with new opportunities to create innovative games that offer unparalleled benefits and gaming experiences. In recent years, the popularity of blockchain games has risen significantly, with an increasing number of players looking for new ways to engage with online gaming. According to a recent report from Polaris Market Research, the total transaction volume of blockchain games reached $5.41 billion in 2022, with an expected compound annual growth rate of 68.90% over the next 10 years. In this article, we will examine some of the most popular play-to-earn (P2E) games, including Axie Infinity, SecondLive, and Stepn, and explore what makes them so appealing to players.

Overview of Blockchain Games

Blockchain games are decentralized online games that use blockchain technology to create a secure and transparent gaming environment. Unlike traditional online games, which are often controlled by a central authority, blockchain games operate on a peer-to-peer (P2P) network. All game data, including user data, is recorded on a public ledger, making it tamper-proof and transparent.
One of the most significant advantages of blockchain games is that they offer players the opportunity to earn cryptocurrency while playing. This has led to the rise of P2E games, where players can earn money by completing in-game tasks, selling virtual assets and participating in challenges.

Top P2E Games

1. Axie Infinity

Axie Infinity is a P2E game that allows players to breed and battle creatures called Axies. It has quickly become one of the most popular blockchain games and is currently the most popular P2E game, with an average of 535202 searches per month. The game has a massive community of players, with over 1 million daily active users.
Axies are non-fungible tokens (NFTs) that players can earn, trade, and sell on various cryptocurrency exchanges. Players can use these tokens to breed new Axies, which can then be sold to other players for a profit. The game has a low barrier to entry, making it accessible to players with limited experience in crypto or gaming.

2. SecondLive

SecondLive is a virtual world that allows players to buy, sell and trade virtual real estate. Players can also create and sell virtual products, including clothing, furniture, and accessories. The game has an average monthly search volume of 496313, making it one of the most popular blockchain games.
SecondLive operates on the Ethereum blockchain and uses its native currency, Ether, for transactions. Players can earn Ether by selling virtual products or real estate on the game’s marketplace. The game has a vibrant community of players, with frequent in-game events and challenges.

3. Stepn

Stepn is a P2E game that rewards players for completing fitness challenges. The game integrates with fitness apps like Apple Health and Google Fit and tracks a player’s steps and physical activity. Players can earn cryptocurrency by reaching daily step goals and completing various fitness challenges.
Stepn has an average search volume of 478794 and is rapidly gaining popularity. The game has a unique concept that combines gaming and fitness, making it appealing to health-conscious players.

Conclusion

Blockchain games are evolving, providing players with new and exciting ways to engage with online gaming. The popularity of P2E games is a testament to the potential of blockchain technology in the gaming industry. As more developers begin to explore the potential of blockchain gaming, we can expect to see a rise in innovative games that push the boundaries of the traditional gaming experience.

FAQs

Q1. How do players earn cryptocurrency in blockchain games?
A1. Players can earn cryptocurrency by completing in-game tasks, selling virtual assets, and participating in challenges.
Q2. Can players sell their virtual assets outside of the game?
A2. Yes, players can sell their virtual assets on various cryptocurrency exchanges.
Q3. What makes blockchain games unique compared to traditional online games?
A3. Blockchain games are decentralized, meaning that all game data, including user data, is recorded on a public ledger, making it tamper-proof and transparent. Additionally, players can earn cryptocurrency while playing.