During this bear market, the GameFi industry has shown resilience as new leaders are emerging in the space. As Axie Infinity (AXS), a pet-themed trading blockchain game, continues to fall, Splinterlands (SPS) has risen as a new blockchain gaming leader. The worldwide leading gaming Dapp has notoriously attracted users and a steady revenue stream while other Web3 gaming projects struggle.
Splinterlands, a game that allows users to collect, trade, and battle, has been seeing anywhere from 250k-450k daily active users, 10-12M battles daily, and 3M-5M transactions per day. Alongside these statistics, the gaming platform continues to release new updates, grow and interact with its community, and other defining factors that position them in the number one spot of the blockchain gaming vertical. These deliberate, built-in strengths have seen Splinterlands successfully navigate the storms of the cryptocurrency space multiple times.
Axie, on the other hand, has continued its painful descent over the weekend, with active users contracting to under 60k. The game’s revenue has also decreased from $17 million per week to $11,000 per week, while also reaching a critical point with its mint-to-burn ratio. Despite Axie’s abundant guilds, which contributed significantly to their success in 2020, they have not been able to sustain the platform through the cryptocurrency market’s recent decline.
Similarly, but with much more success, Splinterlands has also developed many guilds and scholarship systems through their Discord channel, available for players of all levels and economic contributions. This has benefited the entire game’s economic ecosystem and is only one of the elements that make Splinterlands stand out. Other characteristics include a constant draw for players, a captivating storyline, graphics, soundtrack, and many opportunities for players to earn as they develop strategic prowess. Splinterlands has also been very careful when it comes to card releases and preventing in-game flooding, making sure that cards from previously sold-out collections don’t lose their value.
“We believe in decentralized gaming. It’s the future,” said Splinterlands CEO Jesse “Aggroed” Reich. “Splinterlands is playing a critical role in bringing this future about, showing in real-time how the challenges of the field can be overcome and how an incredible game can be enhanced and constantly improved by the possibilities of Web 3.0.”
As weaker projects feel the pressure of the turbulent cryptocurrency market and its condition, Splinterlands continues to thrive, and investors are able to see its potential. Earlier this year, Balthazar, who were backed by Side Door Ventures, were seen streaming a $1 Million USD pack opening worth of Splinterlands assets.
There is an increasing importance to the fundamentals of blockchain projects as cryptocurrency projects continue to struggle. That said, Splinterlands is establishing itself as the industry leader despite the “Wild West” of blockchain technology development, setting the stage for Web 3.0’s future.
Splinterlands was founded in 2018 by Jesse Reich and Matt Rosen. Splinterlands, the company’s fantasy-themed collectible card game, has 2.4M+ registered users, nearly 1M unique active wallets, and sustains 3-5M blockchain transactions a day. In March, it passed a historic two billion total battle milestone, and there are more than 400,000 daily active users and 12M daily battles. With users in 149 countries communicating in more than 10 languages, Splinterlands is developed and grown with player input in mind and prioritizes their community’s ongoing involvement.