Cointime

Cointime

Download App
iOS & Android

Gamefi Monthly Report–January 2023

Validated Venture

Data Source: BitMart; Footprint, Dune, Tradingview, Ethscan, Bscscan, Token Unlocks

This monthly report aims to provide a comprehensive and accurate market macro trend, allowing Gamefi enthusiasts to have a better grasp of the current Gamefi market.

Key Takeaways

  • The Gamefi market failed to have a good start in the first month of 2023, all related figures, MAU, Volume, Fundraising, still shows no signal to recover. The AI concept has dominated the crypto market in January, making Gamefi space more desperate to find new driving force
  • Over the past year, Gamefi has been one of the hottest industries favored by VCs, but the state of fundraising recently has indicated that such a trend is now changing.
  • The most popular games in January must be Dookey Dash launched by Yuga Labs, with over 25K players clocking a cumulative total of 706,436 hours.
  • CZ once extended his endorsement in Metaverse & VR in an AMA, which is a strong support for the growth of the Gamefi market.

Gamefi Market Overview

  • Slightly Decrease in MAU & New Users

We can see from the chart curve that there have been several large fluctuations between new users and active users since October. Since January, it has been relatively stable, which means that the next rise may not be far away.

Compared with December, both MAU and DAU decreased slightly in January. The curve continues the downward trend that began in October last year, but the downward is very slightly compared with Dec, which may be a signal that the market is picking up.

  • Monthly Volume Bounced Back A Little, Daily volume Peaked in January 23rd

The Daily Volume fluctuated greatly throughout January, it went to the highest point on Jan 23, which was brought by the token unlock event of Axie Infinity. The downward trend stopped on Jan 29 and showed a low but stable situation.

Compared with October, the Monthly Volume of January shows a great decline and maintains a sharp and continuous downward trend since April.

  • The Number of Games Start Ascend, Up 1.01% MoM

After the decline in December, the number of games started to increase slightly with 22 new games, up 1.01% Mom

  • The Funding Amount Went below $100M Consecutively, VCs Are Losing Patience

Although increased, The monthly funding amount was still below 100M, which suggests that VCs are losing confidence in the Gamefi market. The new driving force for the Gamefi market seemed more urgent than ever before.According to the second chart, Infrastructure is more favored than any other areas.In the beginning of February, CZ once extended his endorsement in Metaverse & VR in an AMA, which should be a strong support for the growth of the Gamefi market especially in such circumstances.

Funding deals worth mentioning:

On January 17, Web3 and Game publisher Carry1st completed the latest round of financing of $27 million led by BITKRAFTVentures, including Andreessen Horowitz (a16z), TTV Capital and Alumni Ventures.On January 18th, Intella X, a Web3 gaming platform, announced the completion of financing of $12 million invested by Polygon, Animoca Brands, Magic Eden, Wemix and Global Coin Research.On January 25, the game studio Voldex completed the A round of investment led by a16z, the amount has not been disclosed.

Analysis by Chain

1. User Numbers

Overall, compared with December, in terms of the number of users, polygon achieved an overtaking of BSC in January. Polygon and Hive are in the trend of gaining more users. Meanwhile, BSC went downward and Wax still took the lead, which shows that Alien World is still the most popular game in the Gamefi space.

2. Trading Volume

In this month, Ronin is up 23% compared with the previous month, ranking first with a huge proportion of 70% because of Axie Infinity’s huge foundation. While BSC and Polygon lost their share because Ronin took it back again, but still, these two chains own the natural advantages in Gamefi space.

Trending Games This Month

Honestly speaking, we see no games caught the public attention this month except Dookey Dash which I have mentioned above, the Gamefi space remained silent. Let’s look forward to the February!

Get the latest news here: Cointime channel — https://t.me/cointime_en

GameFi Crypto
Comments

All Comments

Recommended for you

  • Uniswap’s market share in DEX has dropped to 36%

    The DEX landscape is undergoing changes, with the market share of the veteran decentralized exchange Uniswap dropping from over 50% in October 2023 to the current 36%.

  • Exowatt completes $20 million financing, a16z participates in the investment

    Startup company Exowatt announced that it is addressing the energy needs of data centers through its ceramic battery technology. The company claims that its technology can store solar energy for months, helping to cope with the rapid growth of power consumption in data centers. The company has received $20 million in seed funding, with investors including a16z and Altman. According to reports, Exowatt has accumulated 1.2 gigawatts of orders, mainly focused on data centers and cryptocurrency mining projects in the United States.

  • Singapore police investigate Worldcoin account transactions, arrest five people

    On September 10th, Singapore's Deputy Prime Minister Heng Swee Keat announced that Singaporean police are investigating seven individuals suspected of providing Worldcoin account and token trading services. This investigation involves possible violations of the Payment Services Act of 2019, and the police have arrested five people.

  • Putin: Russia "supports" Harris, calls her smile "contagious"

    According to foreign media such as TASS and Russia's Sputnik News, Jinse Finance reported that on the afternoon of September 5th local time, Russian President Putin said at the plenary session of the Eastern Economic Forum 2024 that Russia will "support" the US Democratic Party presidential candidate and vice president Harris as recommended by the US President Biden in the upcoming US presidential election. When asked how he viewed the 2024 US election, Putin said it was the choice of the American people. The new US president will be elected by the American people, and Russia will respect the choice of the American people. Putin also said that just as Biden suggested his supporters to support Harris, "we will do the same, we will support her." The report said that Putin also joked that Harris' laughter is "expressive and infectious," which shows that "she is doing everything well." He added that this may mean that she will avoid further sanctions against Russia.

  • An ETH whale repurchased 5,153 ETH with 12.23 million USDT 20 minutes ago

    A certain high-frequency trading ETH whale monitored by on-chain analyst Yu Jin bought 5,153 ETH with 12.23 million USDT 20 minutes ago.

  • CFTC: Uniswap Labs has actively cooperated with the investigation and only needs to pay a fine of US$175,000

    The CFTC has filed a lawsuit against Uniswap Labs and reached a settlement. It was found that Uniswap Labs illegally provided leveraged or margined retail commodity transactions of digital assets through a decentralized digital asset trading protocol. Uniswap Labs was required to pay a civil penalty of $175,000 and cease violations of the Commodity Exchange Act (CEA). The CFTC acknowledged that Uniswap Labs actively cooperated with law enforcement agencies in the investigation and reduced the civil penalty.

  • Federal Reserve Beige Book: Respondents generally expect economic activity to remain stable or improve

    The Federal Reserve's Beige Book pointed out that economic activity in three regions has slightly increased, while the number of regions reporting flat or declining economic activity has increased from five in the previous quarter to nine in this quarter. Overall employment levels remain stable, although some reports indicate that companies are only filling necessary positions, reducing working hours and shifts, or reducing overall employment levels through natural attrition. However, reports of layoffs are still rare. Generally speaking, wage growth is moderate, and the growth rate of labor input costs and sales prices ranges from slight to moderate. Consumer spending has declined in most regions, while in the previous reporting period, consumer spending remained stable overall.

  • Puffpaw Completes $6 Million Seed Round with Lemniscap Ventures as Participant

    Puffpaw has announced the completion of a $6 million seed round of financing, with participation from Lemniscap Ventures. The Puffpaw project plans to launch a blockchain-enabled electronic cigarette aimed at helping users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding them with tokens. Puffpaw's token economics aims to cover 30% of the cost of users' first month of using their product and provide social rewards. The project also considers possible system abuse, but the issue of users potentially reporting smoking habits dishonestly is not yet clear.

  • Affected by Ethervista and others, Ethereum Gas temporarily rose to 33gwei

    According to Etherscan, due to the influence of contracts such as Ethervista, Ethereum Gas has temporarily risen to 33gwei, with the top three being EthervistaRouter, UniswapRouter, and BananaGun.

  • The probability of the Fed cutting interest rates by 25 basis points in September is 55%.

    The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 55.0%, while the probability of a 50 basis point cut is 45.0%. The probability of the Federal Reserve cutting interest rates by a cumulative 50 basis points by November is 32.1%, by 75 basis points is 49.2%, and by 100 basis points is 18.8%.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company