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Binance Smart Chain See Huge Growth in Active GameFi Wallets During August

Binance Smart Chain witnessed immense growth in August due to a large number of interactions in the GameFi ecosystem.

Massive BSC GameFi Adoption in August 

In one month, the number of unique active GameFi wallets nearly doubled on Binance Smart Chain (BSC). The chain recorded a considerable increase in blockchain gamers during August, according to recent DappRadar statistics.

CryptoBlades and XworldGames led the growth of BSC-based GameFi protocols in August. A report obtained from Bitpinas disclosed that CryptoBlades registered more than 621,000 users over 30 days in August, surpassing the popular Ethereum-based GameFi project, Axie Infinity. 

“On the other hand, Binance Smart Chain is eclipsing Ethereum blockchain when it comes to transactions per second, and daily transactions after a decentralized exchange named “PancakeSwap” on BSC has seen an increase in users. These users are either traders, investors, gamers, and even those just trying out play-to-earn games,” Sean Millare talked about BSC GameFi growth in an opinion piece published by Bitpinas on August 18th. 

The month of August will be one to remember for GameFi projects on Binance Smart Chain. During that period, the number of active users of BSC GameFi projects dominated the charts of Decentralized Finance (DeFi). More active users correspond to more active GameFi wallets on BSC. Binance continues to be the largest exchange in the world on top of the recent GameFi boost. 

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Growing GameFi Ecosystem on BSC 

Aside from the immense growth witnessed in August, Play-to-Earn Non-fungible Token (NFT) GameFi projects on BSC have seen a meteoric rise in 2021. 

Projects like Step Hero, HyperJump, and the CryptoBlades, as mentioned earlier, are the frontrunners of GameFi adoption on BSC. Many BSC users utilized Decentralized Exchanges (DEX) like PancakeSwap to carry out transactions to interact with BSC-based Play-to-Earn projects, which sustains the top spot on BSC due to massive transaction volume.

BSC News reported on the huge BSC GameFi interest on 21 August, showcasing the chart obtained from dapp.com. According to the largest data analytics market for blockchain, more than five BSC-based projects dominated the entire GameFi ecosystem during August. 

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The progress made by these projects has been excellent, and there is more to come. Although Ethereum-based GameFi projects are currently dominating the charts, as of this writing, BSC’s transaction speed will once again play a vital role in the GameFi industry. 

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