Blockchain gaming took a little breather in April, user activity dropped 10%, hitting a 2025 low of 4.8 million daily Unique Active Wallets, according to DappRadar’s April Games Report. Even gaming’s share of the decentralized app world slipped, now neck-and-neck with DeFi at 21%. Ouch.
🎮 Is blockchain gaming losing momentum?
— DappRadar (@DappRadar) May 15, 2025
April saw a 10% drop in daily UAW as focus shifted to AI. But under the surface, progress is real - new infra, key launches & big games incoming.
Read the full April Games Report or explore key highlights below 👇https://t.co/9Gc13XWPbh
But before you start panicking, DappRadar analyst Sara Gherghelas says the story isn’t doom and gloom. Instead, the industry is shedding its hype-fueled skin and growing up.
“The blockchain gaming industry isn’t dead — it’s evolving. It’s moving from noise to signal,” she says.
While user attention is drifting away from gaming, under the radar, new infrastructure launched, big-name publishers doubled down, and some shiny, high-quality games edged closer to launch. So yeah, it’s not all quiet, more like a strategic pause.
Funding Dips but Builders Keep Grinding
Funding took a harder hit: April’s blockchain gaming investment sank 69% from March, down to $21 million. But don’t blame the builders. Gherghelas explains that weaker projects are dropping off as investors hunt for the next big thing, real-world assets, and AI-powered ventures. Plus, the gloomy macroeconomic vibes have made investors pickier, tightening their purse strings.
Weaker projects “are falling away,” she says, with funds flowing quietly to projects laying the foundation for the next-gen blockchain games.
“Investors are now optimizing for sustainable models, player engagement, and actual retention, not just token hype,” Gherghelas adds.
In short: the market’s hitting reset and getting serious.
Here’s a fun stat: 66% of all blockchain game funding this year has gone straight into infrastructure, proof that the market’s growing up and getting ready for bigger things.
Big players like Ubisoft and Sega aren’t sitting still either. Ubisoft’s teamed up with Immutable, and Sega is spicing things up with NFTs and play-to-earn mechanics in KAI: Battle of Three Kingdoms.
Gherghelas sums it up perfectly: “April 2025 wasn’t a record-breaking month for blockchain gaming, and that’s okay. What we’re seeing is a space recalibrating. Speculative hype is cooling down, but the builders haven’t stopped. Games are launching. Ecosystems are expanding. Infrastructure is maturing.”
So, don’t write off blockchain gaming just yet, it’s just getting ready for its next level.
HODL Team
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