Binance Smart Chain has recently fallen from the top spot behind Ethereum for the most utilized blockchain but the demand for cryptocurrency gaming has not stopped.
GetBlock recently recapped the top smart contracts by active users and found the top four out of five decentralized applications were play-to-earn cryptocurrency games.
The study was done by looking at all of the active wallets on the blockchain which had interacted with a smart contract within the last 30 days.
It is no surprise that the top application on Binance Smart Chain was PancakeSwap, the most popular decentralized exchange on the blockchain. All the following top applications were all related to gaming.
The top applications were all various styles of games but included a way for users to win cryptocurrency from their activity. Many of these games were typical retro style games which allowed players to battle or do missions to win upgrades and win tokens.
One of the top games was more of a metaverse style game which allowed players to interact with each other in a virtual world.
Cryptocurrency gaming has exploded in demand in the last year. The main reason behind the demand is the size of the rewards which players can earn from interacting with these various games.
Some decentralized games have been so lucrative that players from southeast Asia and other parts of the world have quit their full-time jobs to spend more time playing. The rewards are paid out in various tokens which are variable in price and have the chance to increase in value.
Decentralized gaming has already come a long way in terms of development. The quality of the games continues to improve.
In the early days these games were nothing more than point and click applications but as the competition in the sector increases, many of these games have become more immersive.
Casino games, 3D games and strategy games have improved the industry dramatically and continue to bring in new users. Many crypto gaming enthusiasts are excited in anticipation of the first AAA game to launch with play-to-earn capabilities. It is a very exciting space to be a part of.
Which cryptocurrency game is currently your favorite? Let us know on our social media pages!