Binance Smart Chain Gaining Popularity in Crypto Gaming

Binance released reports that made it clear that their blockchain reserves the right to dominate the GameFi segment. Crypto games require high transaction speeds and low fees, which is exactly what Binance Smart Chain can provide.

Based on what Binance said, 36.6% of all gaming projects related to the crypto industry exist on their blockchain. Despite this, the global downtrend negatively affects the development of cryptogaming in the same way as the rest of the cryptocurrency industry. In second place in the use of blockchains among GameFi developers is Etherium. It is used by 20.2% of all gamified NFT projects. Polygon closes the top 3 with 11.8% of games. In total, 68.6% of NFT projects work on Binance Smart Chain, Etherium and GameFi.

Outside the top 3, the web3 game turned out to be Solana. About 6.9% of games operate in this network.

As for the platforms where users of this unusual type of gaming can play, browser games are in the first place, many of which have the ability to download a client. In second place are mobile projects running on Android. The remaining platforms are not as popular as the first two.

Speaking of genres, many developers prefer to develop action games, adventure games, and collectible card games. Some prefer fantasy settings, while others do gaming in a sci-fi atmosphere. Most of the games have a cartoonish visual component, which is typical for mobile games. A prime example for this is Axie Infinity, which had a lot of hype last year.

Recently, the Play-To-Earn platform GameTa has brought a big rustle around itself. Her main calling is to move many users from Web2 to Web3. This is a platform that brings together various casual arcade games for mobile devices and more. It now has over 1,900,000 users and 11 games on the Google Play Store with over 75,000 gamers playing daily.

Although GameTa has attracted great popularity, but in terms of total capitalization, it is still inferior to the leader in the face of Otherside. The turnover of the latter is estimated at $1,500,000,000. Otherside may soon lose its lead to other titans of the NFT industry, The Sandbox and Decentraland.

The Sandbox and Decentral are metaverse games that are not limited to some casual or arcade entertainment. Their direction is more advanced and users of the aforementioned universes can afford to bring creativity there and help with the development of the worlds. For example, The Sandbox recently launched an event where players can compete to build and customize their vehicles. The prize fund of such an event is 15,000 SAND tokens, the value of which at the time of writing is $0.78.

A coin from Binance called Binance Coin (BNB) was released by the largest crypto exchange Binance on February 19 last year. Binance Smart Chain has revolutionized the crypto industry and its main advantages are fast transactions and low fees, which Etherium cannot boast of. BNB quickly entered the top 3 tradable crypto coins, and on the main crypto valuation portal CoinMarketCap, BNB is second only to three assets: Bitcoin, Etherium and Tether. Compared to other altcoins, BNB is not going through such a bad time. Since May last year, the cryptocurrency from Binance has fallen in price by 60%.