• bitcoinBitcoin(BTC)$112,982.00-0.58%
  • ethereumEthereum(ETH)$3,410.00-2.79%
  • rippleXRP(XRP)$2.79-6.21%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$739.52-3.10%
  • solanaSolana(SOL)$159.60-2.83%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.322479-0.66%
  • staked-etherLido Staked Ether(STETH)$3,403.08-2.62%
  • dogecoinDogecoin(DOGE)$0.193635-4.04%
  • cardanoCardano(ADA)$0.70-2.36%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$112,900.00-0.65%
  • Wrapped stETHWrapped stETH(WSTETH)$4,108.53-3.08%
  • HyperliquidHyperliquid(HYPE)$36.71-3.01%
  • suiSui(SUI)$3.36-3.66%
  • stellarStellar(XLM)$0.368869-3.96%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$3,666.26-2.90%
  • bitcoin-cashBitcoin Cash(BCH)$524.11-3.20%
  • hedera-hashgraphHedera(HBAR)$0.230523-3.99%
  • Wrapped eETHWrapped eETH(WEETH)$3,649.91-2.70%
  • avalanche-2Avalanche(AVAX)$20.97-3.26%
  • Ethena USDeEthena USDe(USDE)$1.000.04%
  • the-open-networkToncoin(TON)$3.52-4.24%
  • leo-tokenLEO Token(LEO)$8.970.10%
  • litecoinLitecoin(LTC)$106.63-0.37%
  • WETHWETH(WETH)$3,410.51-2.78%
  • USDSUSDS(USDS)$1.000.02%
  • shiba-inuShiba Inu(SHIB)$0.000012-2.01%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.10%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$112,959.00-0.60%
  • whitebitWhiteBIT Coin(WBT)$42.04-1.11%
  • moneroMonero(XMR)$295.85-0.67%
  • polkadotPolkadot(DOT)$3.52-1.86%
  • uniswapUniswap(UNI)$8.84-2.96%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.19-0.04%
  • bitget-tokenBitget Token(BGB)$4.27-0.53%
  • pepePepe(PEPE)$0.000010-2.92%
  • crypto-com-chainCronos(CRO)$0.125000-4.79%
  • aaveAave(AAVE)$251.36-2.21%
  • daiDai(DAI)$1.000.02%
  • EthenaEthena(ENA)$0.53-8.97%
  • BittensorBittensor(TAO)$335.42-3.35%
  • ethereum-classicEthereum Classic(ETC)$19.28-3.39%
  • nearNEAR Protocol(NEAR)$2.36-2.91%
  • aptosAptos(APT)$4.13-2.74%
  • OndoOndo(ONDO)$0.88-2.65%
  • okbOKB(OKB)$46.500.33%
  • Pi NetworkPi Network(PI)$0.355522-4.45%
  • internet-computerInternet Computer(ICP)$4.95-1.60%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$194.69-2.92%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • mantleMantle(MNT)$0.69-1.89%
  • kaspaKaspa(KAS)$0.083310-1.27%
  • USD1USD1(USD1)$1.000.13%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.033204-6.71%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,416.16-2.58%
  • algorandAlgorand(ALGO)$0.228388-3.30%
  • gatechain-tokenGate(GT)$16.66-0.06%
  • fasttokenFasttoken(FTN)$4.57-0.13%
  • bonkBonk(BONK)$0.000025-2.10%
  • vechainVeChain(VET)$0.022328-2.07%
  • arbitrumArbitrum(ARB)$0.371207-2.53%
  • cosmosCosmos Hub(ATOM)$4.12-0.92%
  • sUSDSsUSDS(SUSDS)$1.060.02%
  • render-tokenRender(RENDER)$3.43-3.32%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.194360-1.92%
  • worldcoin-wldWorldcoin(WLD)$0.95-2.25%
  • StoryStory(IP)$5.89-0.87%
  • Official TrumpOfficial Trump(TRUMP)$8.64-1.37%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$170.19-2.95%
  • SkySky(SKY)$0.076924-3.10%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.82-1.25%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.62-3.19%
  • rocket-pool-ethRocket Pool ETH(RETH)$3,876.09-2.87%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$112,709.00-0.70%
  • filecoinFilecoin(FIL)$2.28-1.23%
  • quant-networkQuant(QNT)$106.67-3.97%
  • flare-networksFlare(FLR)$0.022268-0.02%
  • sei-networkSei(SEI)$0.267933-6.09%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,576.27-2.61%
  • xdce-crowd-saleXDC Network(XDC)$0.090048-5.91%
  • USDtbUSDtb(USDTB)$1.000.00%
  • SPX6900SPX6900(SPX)$1.52-1.31%
  • USDT0USDT0(USDT0)$1.000.07%
  • JupiterJupiter(JUP)$0.441430-2.77%
  • kucoin-sharesKuCoin(KCS)$10.51-1.36%
  • Provenance BlockchainProvenance Blockchain(HASH)$0.027402-0.68%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,587.66-2.55%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.18%
  • nexoNEXO(NEXO)$1.27-2.29%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$3,683.17-2.98%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,658.82-2.65%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.02%
  • blockstackStacks(STX)$0.67-2.67%
  • curve-dao-tokenCurve DAO(CRV)$0.87-0.84%
  • injective-protocolInjective(INJ)$12.25-2.82%
  • Falcon USDFalcon USD(USDF)$1.00-0.01%
  • CelestiaCelestia(TIA)$1.60-1.85%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$112,877.00-0.41%
  • bitcoinBitcoin(BTC)$112,982.00-0.58%
  • ethereumEthereum(ETH)$3,410.00-2.79%
  • rippleXRP(XRP)$2.79-6.21%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$739.52-3.10%
  • solanaSolana(SOL)$159.60-2.83%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.322479-0.66%
  • staked-etherLido Staked Ether(STETH)$3,403.08-2.62%
  • dogecoinDogecoin(DOGE)$0.193635-4.04%
  • cardanoCardano(ADA)$0.70-2.36%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$112,900.00-0.65%
  • Wrapped stETHWrapped stETH(WSTETH)$4,108.53-3.08%
  • HyperliquidHyperliquid(HYPE)$36.71-3.01%
  • suiSui(SUI)$3.36-3.66%
  • stellarStellar(XLM)$0.368869-3.96%
  • wrapped-beacon-ethWrapped Beacon ETH(WBETH)$3,666.26-2.90%
  • bitcoin-cashBitcoin Cash(BCH)$524.11-3.20%
  • hedera-hashgraphHedera(HBAR)$0.230523-3.99%
  • Wrapped eETHWrapped eETH(WEETH)$3,649.91-2.70%
  • avalanche-2Avalanche(AVAX)$20.97-3.26%
  • Ethena USDeEthena USDe(USDE)$1.000.04%
  • the-open-networkToncoin(TON)$3.52-4.24%
  • leo-tokenLEO Token(LEO)$8.970.10%
  • litecoinLitecoin(LTC)$106.63-0.37%
  • WETHWETH(WETH)$3,410.51-2.78%
  • USDSUSDS(USDS)$1.000.02%
  • shiba-inuShiba Inu(SHIB)$0.000012-2.01%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.10%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$112,959.00-0.60%
  • whitebitWhiteBIT Coin(WBT)$42.04-1.11%
  • moneroMonero(XMR)$295.85-0.67%
  • polkadotPolkadot(DOT)$3.52-1.86%
  • uniswapUniswap(UNI)$8.84-2.96%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.19-0.04%
  • bitget-tokenBitget Token(BGB)$4.27-0.53%
  • pepePepe(PEPE)$0.000010-2.92%
  • crypto-com-chainCronos(CRO)$0.125000-4.79%
  • aaveAave(AAVE)$251.36-2.21%
  • daiDai(DAI)$1.000.02%
  • EthenaEthena(ENA)$0.53-8.97%
  • BittensorBittensor(TAO)$335.42-3.35%
  • ethereum-classicEthereum Classic(ETC)$19.28-3.39%
  • nearNEAR Protocol(NEAR)$2.36-2.91%
  • aptosAptos(APT)$4.13-2.74%
  • OndoOndo(ONDO)$0.88-2.65%
  • okbOKB(OKB)$46.500.33%
  • Pi NetworkPi Network(PI)$0.355522-4.45%
  • internet-computerInternet Computer(ICP)$4.95-1.60%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$194.69-2.92%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • mantleMantle(MNT)$0.69-1.89%
  • kaspaKaspa(KAS)$0.083310-1.27%
  • USD1USD1(USD1)$1.000.13%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.033204-6.71%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,416.16-2.58%
  • algorandAlgorand(ALGO)$0.228388-3.30%
  • gatechain-tokenGate(GT)$16.66-0.06%
  • fasttokenFasttoken(FTN)$4.57-0.13%
  • bonkBonk(BONK)$0.000025-2.10%
  • vechainVeChain(VET)$0.022328-2.07%
  • arbitrumArbitrum(ARB)$0.371207-2.53%
  • cosmosCosmos Hub(ATOM)$4.12-0.92%
  • sUSDSsUSDS(SUSDS)$1.060.02%
  • render-tokenRender(RENDER)$3.43-3.32%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.194360-1.92%
  • worldcoin-wldWorldcoin(WLD)$0.95-2.25%
  • StoryStory(IP)$5.89-0.87%
  • Official TrumpOfficial Trump(TRUMP)$8.64-1.37%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$170.19-2.95%
  • SkySky(SKY)$0.076924-3.10%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.82-1.25%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.62-3.19%
  • rocket-pool-ethRocket Pool ETH(RETH)$3,876.09-2.87%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$112,709.00-0.70%
  • filecoinFilecoin(FIL)$2.28-1.23%
  • quant-networkQuant(QNT)$106.67-3.97%
  • flare-networksFlare(FLR)$0.022268-0.02%
  • sei-networkSei(SEI)$0.267933-6.09%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,576.27-2.61%
  • xdce-crowd-saleXDC Network(XDC)$0.090048-5.91%
  • USDtbUSDtb(USDTB)$1.000.00%
  • SPX6900SPX6900(SPX)$1.52-1.31%
  • USDT0USDT0(USDT0)$1.000.07%
  • JupiterJupiter(JUP)$0.441430-2.77%
  • kucoin-sharesKuCoin(KCS)$10.51-1.36%
  • Provenance BlockchainProvenance Blockchain(HASH)$0.027402-0.68%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,587.66-2.55%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.18%
  • nexoNEXO(NEXO)$1.27-2.29%
  • Liquid Staked ETHLiquid Staked ETH(LSETH)$3,683.17-2.98%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,658.82-2.65%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.02%
  • blockstackStacks(STX)$0.67-2.67%
  • curve-dao-tokenCurve DAO(CRV)$0.87-0.84%
  • injective-protocolInjective(INJ)$12.25-2.82%
  • Falcon USDFalcon USD(USDF)$1.00-0.01%
  • CelestiaCelestia(TIA)$1.60-1.85%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$112,877.00-0.41%

Web3 gaming continues to face headwinds in 2025 as the once-hyped sector experiences significant decline in both user activity and investor interest. According to DappRadar’s Q2 2025 report, blockchain gaming saw a 17% drop in daily unique active wallets quarter-over-quarter, while funding plunged 93% year-over-year to just $73 million, the lowest quarterly total in two years.

This sharp downturn comes as part of a broader correction in the industry, with DappRadar attributing the slide to flawed tokenomics, weak user retention, and fading enthusiasm for play-to-earn (P2E) models. Over 300 Web3 games have reportedly shut down in the past year alone.

Teams and Investors Pivot Toward AI and Infrastructure

The data suggests not only a slowdown in Web3 gaming but also a strategic redirection. Many teams are abandoning P2E gaming to explore new frontiers, particularly artificial intelligence. For example, the developers behind Mojo Melee have pivoted to building an AI-powered movie creation platform, and operations for the game Realms of Alurya were suspended after its backer, Treasure DAO, shifted its focus toward AI development.

Source: DappRadar

Investor behaviour mirrors this shift. Of the $73 million raised in Q2, nearly 75% was directed towards infrastructure rather than gaming studios. Instead of funding new consumer-facing titles, investors are backing foundational projects like real-time game engines, asset distribution platforms, and blockchain-specific developer tools.

Consolidation Over Collapse

Despite the grim numbers, DappRadar analysts suggest the situation is more of a consolidation than a total collapse. While many smaller games have folded or stagnated, user activity is becoming more concentrated around larger, more successful titles and ecosystems. Big-name Web2 publishers such as Sega and Ubisoft remain invested in the space, indicating long-term interest in blockchain gaming technology.

Source: DappRadar
Source: DappRadar

Moreover, the remaining user base is showing increased loyalty to top-performing titles, suggesting that games with strong fundamentals and engaging gameplay still have room to grow. The focus has clearly shifted from speculative hype to depth, stability, and quality.

Chain-Specific Trends Show Ecosystem Realignment

Blockchain activity data further supports the narrative of a maturing market. While overall engagement is down, a few ecosystems are gaining traction. According to the report:

  • opBNB led in unique active wallets.
  • WAX remained dominant in total transaction volume.
  • Emerging chains like Aptos, Sei, and SKALE saw noticeable growth in user activity and project launches.

This redistribution suggests that developers and players alike are gravitating toward high-performance, scalable ecosystems rather than chasing short-term hype or unsustainable P2E models.

A Turning Point for Blockchain Gaming

While Web3 gaming’s rapid rise may have cooled, the industry appears to be evolving, not disappearing. The speculative play-to-earn frenzy is giving way to more sustainable strategies focused on gameplay innovation, infrastructure robustness, and long-term value creation.

DappRadar analysts conclude that while the market faces real challenges, these growing pains could lead to a more resilient and mature gaming ecosystem, one better equipped to attract and retain both players and developers in the years ahead.

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