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Cryptocurrency News Articles

Gaming activity on some layer-2 blockchains rose by over 20,000% in February

Mar 14, 2025 at 05:19 am

Gaming activity on some layer-2 blockchains rose by over 20,000% in February 2025 while the number of daily unique active wallets (dUAWs)

Gaming activity on some layer-2 (L2) blockchains surged by over 20,000% in February, while the number of daily unique active wallets (dUAWs) decreased, according to a report by DappRadar.

Abstract, an Ethereum L2 chain developed by Igloo, the parent company of Pudgy Penguins, led all chains with a growth of over 20,000% in dAUWs. Soneium, Sony’s Ethereum L2, came in second with over 3,200% growth, and Linea, another L2 chain, placed third with over 1,000% growth.

Monthly growth of unique active wallets across blockchains. Source: DappRadar

On Abstract and Soneium, two games were the primary drivers of activity growth: Treasure Ship on Abstract, which currently has around 72,000 UAWs, and Evermoon on Soneium, with approximately 32,000 UAWs.

However, despite the rise of gaming activity on L2s, dUAWs overall dropped by 16% compared to January, settling at around 5.8 million. The report notes that while blockchain gaming “has historically held strong market dominance, economic conditions have shifted investor focus back towards DeFi. With market uncertainty causing traders to exit positions, DeFi now leads as the most dominant sector.”

The most dominant blockchains for gaming in terms of dUAWs were opBNB, a layer-2 blockchain built on top of the BNB Smart Chain; independent layer-1 blockchain Aptos built for decentralized applications; and Nebula, which is a Skale chain.

According to the report, blockchain gaming investments soared to $55 million in February, marking a 243% increase from January, with 92% of the funds allocated to infrastructure development.

Blockchain gaming activity sees year-over-year growth, but challenges persist

As Cointelegraph reported in February, blockchain gaming activity saw a significant year-over-year surge, with daily unique active wallets soaring by 386% to 7 million. The sharp rise led some industry observers to speculate about a potential blockchain gaming bull run in 2025 — though that prospect is now under debate.

One of the games that had been drawing attention to the use of chains in games was “Off The Grid.” The title, which plans to use an Avalanche subnet, generated more than 100 million transactions in its first month.

The sector, however, has faced challenges. Gunzilla Games Web3 director Theodore Agranat told Cointelegraph that there “is no new money coming into the system,” explaining that existing capital is just being recycled between gaming projects.

“They will just go from project to project and extract whatever value they can from that project,” Agranat said. “And once there’s no more value to be had there, they are going to move on to another project.”

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Other articles published on Jun 18, 2025