Binance Blockchain system dominates GameFi

The Binance blockchain ecosystem has dominated web3 gaming, additionally referred to as GameFi, for the third quarter, based on a current report from the corporate.

In a report launched on Oct. 20, the world’s largest crypto change Binance revealed that its personal native blockchain ecosystem dominated the blockchain gaming sector within the third quarter of 2022.

The ‘State of Crypto Q3’ report delved into the crypto and DeFi ecosystem over the past three months, which has been bearish and pretty flat when it comes to activity.

Its GameFi knowledge was fascinating as, in line with Binance, BNB Chain has dominated the sector with a 36.6% market share. “BNB Chain has the very best variety of games constructed on the chain,” the report said.

The second largest two networks for web3 gaming have been Ethereum with 20.2% and Polygon with 11.8%. Between them, the three blockchain ecosystems made up virtually 70% of the GameFi market.

Solana was the fourth largest platform when it comes to web3 video games, with a 6.9% market share, in response to the report.

General GameFi is in a scorching streak proper now with games like CosmoGene, Uplands, and God's Unchained going robust, and with promising tasks like LifeBeyond, the momentum is certain to remain robust.