Dappradar: ”Blockchain game users are declining...the ecosystem is becoming healthier”

An analysis showed that while user activity and investment volume in the blockchain gaming industry declined slightly during the month of April, the overall ecosystem is becoming more mature and healthier.
On the 16th (local time), TheBlock cited data from blockchain analysis platform DappRadar, which said that the daily number of blockchain games sold in April was 1.
The number of unique active wallets in 2025 fell to 4.8 million, the lowest since the start of 2025. This is a 10% decrease from the previous month.
This has weakened the dominance that gaming had over the dApp industry, which now sits alongside DeFi at 21%.
However, Sara Gherghelas, an analyst at DapRadar, said, "Contrary to the numbers, infrastructure is being actively built and the major publishers are
"Participation by the blockchain game industry is continuing, and more and more high-quality games are about to be released," he said. "The blockchain game industry is not dead. It is evolving. We need to distinguish between noise and signals.
"The market is currently moving away from a speculative 'play-to-earn' model to a more authentic gameplay, asset ownership and community-driven user experience," he said.
"This is a signal of a healthy ecosystem," he said. Investment activity in April also fell 69% from the previous month to $21 million, but this cannot be viewed unconditionally as a negative thing.
Gherghelas believes that cryptocurrency investors and users are increasingly interested in real-world assets.
The report cited a shift towards digital assets and artificial intelligence (AI) as one of the main reasons for the decline in investment.
The uncertain macroeconomic situation is also making it difficult for startups to raise funds. However, "even in this environment, weak projects are naturally selected out, and the real
"Funds are quietly flowing to teams preparing the next generation of blockchain games in the coming years," Gherghelas said.
In particular, 66% of all blockchain game investments this year
He emphasized that the focus on infrastructure is a sign of a more mature market. Major game companies are still participating. Ubisoft has partnered with Immutable.
Through partnerships, Sega is experimenting with blockchain games, including "KAI: Battle of Three
"Kingdoms" introduced NFTs and play-to-play mechanics to its game.