L2 gaming activity spikes in February, but wallets decline — Report

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Gaming enactment connected immoderate layer-2 blockchains roseate by implicit 20,000% successful February 2025 portion the fig of regular unsocial progressive wallets (dUAWs) dropped, according to a study by DappRadar.

Abstract, an Ethereum layer-2 blockchain developed by Igloo, the genitor institution of NFT postulation Pudgy Penguins, led each chains with a maturation of implicit 20,000% successful regular progressive unsocial wallets (dAUWs). Soneium, Sony’s Ethereum L2 blockchain, came successful 2nd with a maturation of implicit 3,200%, and Linea, different L2 blockchain, placed 3rd with implicit 1,000% growth.

Monthly maturation of unsocial progressive wallets crossed blockchains. Source: DappRadar

On Abstract and Soneium, 2 games were the superior drivers of enactment growth: Treasure Ship connected Abstract, which presently has astir 72,000 UAWs, and Evermoon connected Soneium, with astir 32,000 UAWs.

However, contempt the emergence of gaming enactment connected L2s, dUAWs wide dropped by 16% compared to January, settling astatine astir 5.8 million. The study notes that portion blockchain gaming “has historically held beardown marketplace dominance, economical conditions person shifted capitalist absorption backmost towards DeFi. With marketplace uncertainty causing traders to exit positions, DeFi present leads arsenic the astir ascendant sector.”

The astir ascendant blockchains for gaming successful presumption of dUAWs are opBNB, a layer-2 blockchain built connected apical of the BNB Smart Chain; autarkic layer-1 blockchain Aptos built for decentralized applications; and Nebula, which is simply a Skale chain.

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

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

As Cointelegraph reported successful February, blockchain gaming enactment saw a important year-over-year surge, with regular unsocial progressive wallets soaring by 386% to 7 million. The crisp emergence led immoderate manufacture observers to speculate astir a imaginable blockchain gaming bull run successful 2025 — though that imaginable is present nether debate.

One of the games that had been drafting attention to the usage of blockchains successful games was “Off The Grid.” The title, which plans to usage an Avalanche subnet, generated much than 100 cardinal transactions successful its archetypal month.

The sector, however, has faced challenges. Gunzilla Games Web3 manager Theodore Agranat told Cointelegraph that determination “is nary caller wealth coming into the system,” explaining that existing superior is conscionable being recycled betwixt gaming projects.

“They volition conscionable spell from task to task and extract immoderate worth they tin from that project,” helium said. “And erstwhile there’s nary much worth to beryllium had there, they are going to determination connected to different project.”

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