The second quarter turned green for GameFi and Metaverse

Blockchain games and meta-events managed to avoid the May market correction. Although, as the DeFi and NFT sector statistics show, the sector has not been able to emerge from this situation as a growth industry.

The number of completed transactions is one of the main factors that show user engagement.

By the numbers, Blockchain Games showed an increase of almost 10% in the number of transactions. At the same time, the number of transactions in metaverses showed an incredible growth of 27%. A report from DappRadar, an aggregator of DApps, said that the Terra crash in May was similar in magnitude to the 2008 mortgage crisis in the crypto sphere.

From experience, the NFT and DeFi sectors and companies such as Three Arrows Capital, Voyager Capital and Celsius took the brunt of it.

At the same time, while metaverses and crypto-gaming showed growth, DeFi and NFT were not as steep in terms of transaction numbers, dropping by 14.8% and 12.2%, respectively.

In the end, it's also worth noting that the number of infusions into the blockchain gaming and metaverse sector did not decrease for the second quarter of 2022. Even despite the collapse of Terra. And to keep up to date, you can check out our Crypto Digest because we're trying hard for you ;D.