Footprint Analytics and DeGame Release Report on 2022 Q1 GameFi Industry

Singapore, Singapore--(Newsfile Corp. - May 16, 2022) - Footprint Analytics, a one-stop visual data analytics platform, and DeGame, a Web 3.0 NFT game infrastructure platform, have released the 2022 Q1 GameFi Industry Report, which provides a comprehensive look at the GameFi industry's performance in the first quarter.

The crypto market saw a significant decline in 2022, but not all sectors faced the same trajectory. In 2022, the funding market is very active, with capital flowing into the GameFi industry at an unprecedented rate. The overall Q1 funding amount of the GameFi rose 194.19% year on year, with start-up game projects being hotly pursued by capital and the industry developing positively.

The report includes:

• Overall market data and trends

• GameFi-related performance on various blockchains

• Investment and financing developments,

• A detailed look at the quarter's biggest project

Click here to download the full Q1 2022 GameFi Industry Development Report, or read the summary below.

I. The GameFi market was stable

The total market capitalization of all GameFi tokens fell by 15% in Q1 due to market trends, which correlated with fluctuations in BTC market cap. However, the total number of GameFi users remained roughly the same as in 2021 Q4 at around 1.2 million.

Footprint Analytics & DeGame - Q1 GameFi Users

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The total transaction volume of GameFi projects across all chains in Q1 was $6.322 billion.

The daily trading volume peaked at $205.8 million on Jan. 9, and declined after.

II. Many chains remain undiversified

In Q1, most chains continued to be dominated in terms of users by a single large, successful project. BSC and Ethereum are exceptions to this trend and have relatively even distribution.

III. 2022 Q1 Game Token Liquidity

In Q1 2022, 20% to 30% of tokens listed on centralized exchanges were GameFi project tokens, and the trading volume of the head game tokens is extremely high, occupying the majority of the market share.

IV. 2022 Q1 GameFi Investment Jump by 194.19% YoY

The GameFi market as a whole saw a 194.19% increase in Q1 funding compared with the data last year and a 40.78% decrease on a season-over-season basis. Out of all project categories, indie games-those video games typically created by individuals or smaller development teams,-were at the forefront in terms of both the number and amount of funding than any other category of GameFi project.

Footprint Analytics & DeGame - Funding Trends

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There were more seed rounds than any other kind in Q1 for GameFi, whereas strategic rounds raised the most total funds. Projects on Polygon received the most funding in amount and quantity.

Conclusion:

While it may seem like GameFi is in a bubble, data from Q1 indicates that the sector has been relatively strong compared to the greater crypto industry. The market cap of gaming projects was stable, token liquidity increased, and VCs continued showing significant interest in new projects. Additionally, new use cases in the form of move-to-earn have opened the possibility for more widespread adoption of GameFi.

However, many chains still face difficulty in diversifying their ecosystem, which may pose systemic risk to both the chain and the head GameFi projects that depend on them.

To better understand each of these trends, read the full 2022 Q1 GameFi Industry Report by Footprint Analytics and DeGame.

About Footprint Analytics:

Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.

Footprint Website: https://www.footprint.network
Discord: https://discord.gg/3HYaR6USM7
Twitter: https://twitter.com/Footprint_DeFi

About DeGame:

DeGame.com is a Web 3.0 NFT game infrastructure platform under Singapore-based blockchain company L2Y Research, DeGame aims to become the most comprehensive aggregator of Steam and GameFi MarketCap in the Web 3.0 world. With DeGame, players and investors can better identify and discover high-quality games and Play-to-Earn earning opportunities through its one-stop solutions: game searching, data tracking & analysis, strategy, download and more functions.

DeGame Website: https://degame.com/en/home
Discord: https://discord.com/invite/9snHhFzAx2
Twitter: https://twitter.com/degame_l2y

Media Content:

DeGame & L2Y Research
Lith Li
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123983