Q2 2024 Web3 Gaming Report: Mixed Signals Amid Market Challenges
Q2 2024 Web3 Gaming Report: Mixed Signals Amid Market Challenges
馃幃 Gaming's Great Divide
Web3 gaming faced significant headwinds in Q2 2024, with overall activity declining 17% and over 300 projects becoming inactive. However, the sector shows resilience:
- Select games maintained strong performance despite market conditions
- Major developers continued strategic investments
- AI dapps gained traction as a bright spot
- RWA NFTs showed promising growth
- Security remains a concern with $6.3B in hack losses
The quarter highlighted both challenges and opportunities in the evolving Web3 gaming landscape, suggesting a period of consolidation rather than collapse.
馃帶 Q2 was rough for Web3 games: activity dropped 17%, 300+ projects went quiet. But some titles thrived, and major builders doubled down. Our latest podcast unpacks it all - from failures to breakthroughs to what鈥檚 next. Tune in now!
馃帶 Our Q2 Industry Report is now live as a podcast! From AI dapps taking the lead to the rise of RWA NFTs and $6.3B lost to hacks - this episode dives into the trends shaping Web3 evolution. Catch up on the latest market summary in less than 5 minutes 馃憞
Rubic's Activity Spikes with 450% Growth in Daily Users
Rubic has recorded significant growth metrics, showing a 450% increase in daily unique active wallets (UAW) with over 5,000 transactions. Key drivers of growth: - New integrations with Hemi and Blum Crypto - Live quest campaign on Optimism network - Rising TVL with competitive APRs: * USDC/RUBI pool: 480%+ APR * WETH/RUBI pool: 340%+ APR Platform activity can be tracked on [DappRadar](https://dappradar.com/dapp/rubic). *Note: These growth metrics suggest increasing adoption of Rubic's cross-chain services.*
SF Legends FPS Game Launches on Core Protocol with Strong User Growth
SF Legends, a new first-person shooter game from Myth Games, has launched on Core Protocol and the Epic Games store. The game features: - NFT-based character skins - Multiplayer tactical gameplay - Daily unique active wallets exceeding 34,000 The game represents a significant milestone for blockchain gaming, combining traditional FPS mechanics with Web3 elements. Players can track performance metrics and growth on [DappRadar](https://dappradar.com/dapp/sf-legends/). Want to learn more about SF Legends? Visit their official page on Epic Games store.
Age of Dino Surges to #1 on Mantle Network
Age of Dino, the prehistoric-themed 4X strategy MMO, has reached a significant milestone by becoming the **#1 game on Mantle Network** and securing a position in the top 30 overall rankings. The surge in activity is driven by a new campaign featuring: - Daily check-in rewards - Task completion incentives - $MNT token rewards - Exclusive Dino Egg rewards Players can engage in base building, dinosaur training, and strategic gameplay while earning rewards during this limited-time event. [Check Age of Dino on DappRadar](https://dappradar.com/dapp/age-of-dino/)
Matchain Surges to Top 5 Blockchain Status with AI and DID Integration
Matchain has achieved significant growth, securing its position as a top 5 blockchain by Unique Active Wallets (UAW). The platform's success is attributed to: - Integration of AI and Decentralized Identity (DID) technologies - Launch of native $MAT token - Record-breaking 4M unique active wallets in a single day - Ranked 3rd most active chain in weekly metrics The ecosystem shows sustained growth beyond single dapp dominance, with @lolaixyz leading adoption. [Full analysis available on DappRadar](https://dappradar.com/blog/matchain-chain-update-july-2025).