Polkadot is making inroads into the Web3 gaming ecosystem, presently dominated by BNB Chain, Polygon, and Ronin Community.
The Polkadot ecosystem is tapping into the gaming market, setting a 2024 report by logging 3.8 million transactions in a single day following the migration of the Mythos non-public blockchain to its community.
On July 30, Mythos migrated to Polkadot and was liable for 3.3 million transactions, a sizeable bounce from the day gone by’s rely of beneath 500,000. This spike was primarily as a result of switch of non-fungible tokens (NFTs) from Mythos.
“The parachains mechanism can, conservatively, deal with about 20 occasions this per core and 1000 occasions this load in whole earlier than we count on it to be confused,” tweeted Robert Habermeier, co-founder of Polkadot.
The following day, transactions on Polkadot’s ecosystem dropped to 690,000, as per knowledge from DotLake. Nevertheless, 190,000 of those had been nonetheless from Mythos.
In March, the decentralized autonomous group (DAO) behind Mythos introduced plans to deliver over 5 million gamers to the Polkadot ecosystem as a parachain. At the moment, greater than 750,000 lively wallets from Mythos have migrated to Polkadot.
Parachains are unbiased app-specific blockchains inside the Polkadot ecosystem that connect with its predominant relay chain, benefiting from shared safety and interoperability. This setup improves velocity by enabling parallel processing of a number of transactions throughout completely different parachains somewhat than bottlenecking all knowledge by a single blockchain.
Why Polkadot?
Cameron Thacker, co-founder of Legendary Video games, defined the choice to decide on Polkadot over extra established gaming-focused networks.
Based on Thacker, one main issue was stability. Solana was dominated out as a result of if the chain goes down, their apps threat being pulled from the app shops.
“We want a minimal quantity of throughput and a roadmap that makes us really feel assured sooner or later,” Thacker added. “Polkadot checked that off.”
Lastly, Thacker talked about Snowbridge, which supplies the “potential emigrate ERC-20 tokens into the Polkadot ecosystem in a trustless method.” Based in 2018, Legendary Video games initially launched on Ethereum.
Web3 Video games Tout Hundreds of thousands of Customers
The gaming ecosystem is essentially dominated by BNB Chain, which boasts a 27% market share with 20 million lively customers. Polygon Community and Ronin Community observe carefully with 24% and 23% of customers, respectively. Different chains embody Solana, with a 5.8% market share, Ethereum with 4.7%, and zkSync Period with 3.5%, in keeping with knowledge from Footprint Community.
Based on DappRadar, Alien Worlds on BNB Chain is the highest blockchain sport, logging 150 million transactions up to now 30 days. Different blockchain video games, reminiscent of Playground and Meet48, recorded 40 million and 30 million transactions, respectively, throughout networks like Avalanche, Polygon, Scale, and Base.
