L2 gaming activity spikes in February, but wallets decline — Report

Gaming exercise on some layer-2 blockchains rose by over 20,000% in February 2025 whereas the variety of day by day distinctive energetic wallets (dUAWs) dropped, based on a report by DappRadar.

Summary, an Ethereum layer-2 blockchain developed by Igloo, the dad or mum firm of NFT assortment Pudgy Penguins, led all chains with a development of over 20,000% in day by day energetic distinctive wallets (dAUWs). Soneium, Sony’s Ethereum L2 blockchain, got here in second with a development of over 3,200%, and Linea, one other L2 blockchain, positioned third with over 1,000% development.

On Summary and Soneium, two video games had been the first drivers of exercise development: Treasure Ship on Summary, which at the moment has round 72,000 UAWs, and Evermoon on Soneium, with roughly 32,000 UAWs.

Nevertheless, regardless of the rise of gaming exercise on L2s, dUAWs total dropped by 16% in comparison with January, settling at round 5.8 million. The report notes that whereas blockchain gaming “has traditionally held sturdy market dominance, financial situations have shifted investor focus again in direction of DeFi. With market uncertainty inflicting merchants to exit positions, DeFi now leads as probably the most dominant sector.”

Probably the most dominant blockchains for gaming by way of dUAWs are opBNB, a layer-2 blockchain constructed on prime of the BNB Sensible Chain; unbiased layer-1 blockchain Aptos constructed for decentralized purposes; and Nebula, which is a Skale chain.

In line with the report, blockchain gaming investments soared to $55 million in February, marking a 243% enhance from January, with 92% of the funds allotted to infrastructure growth.

Blockchain gaming exercise sees year-over-year development, however challenges persist

As Cointelegraph reported in February, blockchain gaming exercise noticed a big year-over-year surge, with day by day distinctive energetic wallets hovering by 386% to 7 million. The sharp rise led some business observers to take a position a couple of potential blockchain gaming bull run in 2025 — although that prospect is now below debate.

One of many video games that had been drawing consideration to the usage of blockchains in video games was “Off The Grid.” The title, which plans to make use of an Avalanche subnet, generated greater than 100 million transactions in its first month.

The sector, nonetheless, has confronted challenges. Gunzilla Video games Web3 director Theodore Agranat instructed Cointelegraph that there “is not any new cash coming into the system,” explaining that present capital is simply being recycled between gaming initiatives.

“They’ll simply go from undertaking to undertaking and extract no matter worth they’ll from that undertaking,” he stated. “And as soon as there’s no extra worth available there, they’re going to transfer on to a different undertaking.”

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