Ramesh Damar

The gaming industry's overall market value is on the rise. Here is a summary of the industry data according to Footprint: Game Data The industry value increased from 49.2 billion on November 1 to 66.1 billion on November 30, and it currently stands at $75 billion. Active wallets also grew by 18.7% in November, from 1.1 million on November 1 to 1.3 million on November 30, and are now at 1.25 million today, which aligns with the rapid growth trend in the gaming token market value. Over the past five months, the gaming transaction volume has shown a consistent decrease. The monthly transaction frequency dropped from 515.25 billion in October to 400.47 billion in November. Onchain Data In terms of game quantity: BNB Chain, Ethereum, and Polygon are currently hosting the highest number of games, with 964, 781, and 479 games respectively. Emerging blockchain platforms include South Korea's Layer2 blockchain Kroma Network, Chromia, with a mainnet set to launch in 2024, and TreasureDAO, which is building its own game blockchain. The rise of these new platforms creates anticipation for future developments. Regarding gaming transaction volume: There has been a significant decrease in the volume of Wax transactions, with the Alien Worlds transaction volume decreasing by 89 million compared to October. Solana's market share in trading has shown promising growth, increasing from 4.2% in October to 13.6%. The number of daily active users on the Ronin surged from 15,964 at the beginning of November to a remarkable 147,101 by the end of the month, marking an 821% growth and reaching a total of 153,000 users. Its transaction volume occupies 21% of the market share. This massive growth is mainly due to the integration of Pixels with the Ronin network. Regarding future developments in games, we anticipate: Integration of games with social platforms. For example, the TON blockchain ecosystem of Telegram has achieved seamless integration of games with Telegram, while games hosted on platforms like Twitter, such as XPet, have demonstrated the potential of Web3 games within social networks. Mainstream Web2 games, after three years of development, are truly entering the realm of Web3. The mature game systems of Web2 contribute to enhancing the playability of Web3 games. Rapid advancements in fully onchain games, with the expectation of bringing all gaming interactions and states onto the blockchain. This includes game logic, data storage, digital assets, and game states, all managed by the blockchain, thus achieving truly decentralized gaming.