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For more such detailed insights, read our in-depth “Crypto Outlook 2025” report.
Yes, it’s not GameFi
Gaming has been the front runner in terms of having the most number of unique active wallets interactions as it maintained its legacy for being the best candidate for crypto user adoption and onboarding. It was a resilient year for gaming tokens as their Mcap increased from ~ $19.26 Bn to $24.49 Bn by Dec’ 24.
Unique Active Wallets
In terms of growth of UAW, the peak UAW for H1’ 24 was ~ 30 Mn, which increased to ~ 55 Mn by Dec’ 24. On the other hand, the number of total games increased from ~ 3.8K in H1’ 24 to 4.4K by Dec’ 24.
Market Share of Gamers
In terms of Market share, opBNB (~ 35%), Ronin (~ 14%), and Skale (~ 6%) emerged as leaders in having the biggest share of gamers in terms of DAU, owing to strong ecosystem support, low transaction costs, high throughput and low latency.
Genre of Web3 Games
RPG continued to dominate the Web3 gaming sector with a 22% market share, followed by Action ~ 17%, and Strategy ~ 15%. Apart from this, we also saw the rise of AAA and AA games as their share increased to 6% which exceeds the value of traditional Web2 AAA and AA titles distributed on Steam (4%).
OTG’s rise to power
One of the standout stories of 2024 was the meteoric rise of Off The Grid (OTG), a cyberpunk-themed battle royale game by Gunzilla Games.
- Within the first month, OTG attracted over ~ 7 Mn players, creating ~ 9.12 Mn wallets and facilitating more than ~ 100 Mn transactions.
- The game garnered substantial attention on Twitch, with over ~ 4 Mn hours watched and a peak of ~ 155K viewers in 2024.
Major publishers make bold moves into Web3
- Ubisoft introduced “Champions Tactics” and “Captain Laserhawk,” exploring blockchain integration in established franchises.
- Nexon conducted playtests for “MapleStory N,” with an aim to blend classic gameplay with blockchain.
- Sega announced “Rent-A-Hero,” signaling their foray into blockchain gaming.
- Gameloft partnered with “Claynosaurz” to develop blockchain-based gaming experiences.
- Krafton unveiled “Overdare,” incorporating blockchain into their gaming portfolio.
Outlook for 2025
Web3 gaming is likely to continue its dominance in the Web3 realm in terms of user adoption (dApp activity). The focus of gaming studios could shift towards enhancing gameplay quality over financial incentives, ensuring that UX of games is at par with Web2 games with minimal Web3 elements through account abstraction.
Tokenomics models which focus on Play-to-Airdrop (P2A), dynamic token supply adjustment (responsive to market demand) and more are likely to be adopted as Web3 gaming becomes mainstream.
Additionally, the rise of AA and AAA titles along with entry of leading players like Ubisoft in Web3 gaming is expected to bridge the gap between traditional high-quality games and blockchain technology, which will also help to attract institutional capital in this sector.
Why Check Out Our Full Report?
Our comprehensive report, “Crypto Outlook 2025”, provides an in-depth analysis of the evolving crypto landscape. It features deep insights into key verticals, & emerging narratives, along with expert opinion on different sectors.
Read the full report here: Link
