Polkadot is making inroads into the Web3 gaming ecosystem, presently dominated by BNB Chain, Polygon, and Ronin Community.
The Polkadot ecosystem is tapping into the gaming market, setting a 2024 document by logging 3.8 million transactions in a single day following the migration of the Mythos personal blockchain to its community.
On July 30, Mythos migrated to Polkadot and was accountable for 3.3 million transactions, a sizeable leap from yesterday’s depend of underneath 500,000. This spike was primarily because of the switch of non-fungible tokens (NFTs) from Mythos.
“The parachains mechanism can, conservatively, handle about 20 times this per core and 1000 times this load in total before we expect it to be stressed,” tweeted Robert Habermeier, co-founder of Polkadot.
The following day, transactions on Polkadot’s ecosystem dropped to 690,000, as per knowledge from DotLake. Nonetheless, 190,000 of those had been nonetheless from Mythos.
In March, the decentralized autonomous group (DAO) behind Mythos introduced plans to convey over 5 million gamers to the Polkadot ecosystem as a parachain. At present, greater than 750,000 energetic wallets from Mythos have migrated to Polkadot.
Parachains are impartial app-specific blockchains inside the Polkadot ecosystem that hook up with its primary relay chain, benefiting from shared safety and interoperability. This setup improves velocity by enabling parallel processing of a number of transactions throughout completely different parachains reasonably than bottlenecking all knowledge by means of a single blockchain.
Why Polkadot?
Cameron Thacker, co-founder of Legendary Video games, defined the choice to decide on Polkadot over extra established gaming-focused networks.
In accordance with Thacker, one main issue was stability. Solana was dominated out as a result of if the chain goes down, their apps danger being pulled from the app shops.
“We need a minimum amount of throughput and a roadmap that makes us feel confident in the future,” Thacker added. “Polkadot checked that off.”
Lastly, Thacker talked about Snowbridge, which offers the “ability to migrate ERC-20 tokens into the Polkadot ecosystem in a trustless manner.” Based in 2018, Legendary Video games initially launched on Ethereum.
Web3 Video games Tout Tens of millions of Customers
The gaming ecosystem is basically dominated by BNB Chain, which boasts a 27% market share with 20 million energetic customers. Polygon Community and Ronin Community comply with carefully with 24% and 23% of customers, respectively. Different chains embrace Solana, with a 5.8% market share, Ethereum with 4.7%, and zkSync Period with 3.5%, in response to knowledge from Footprint Community.
In accordance with DappRadar, Alien Worlds on BNB Chain is the highest blockchain recreation, logging 150 million transactions prior to now 30 days. Different blockchain video games, corresponding to Playground and Meet48, recorded 40 million and 30 million transactions, respectively, throughout networks like Avalanche, Polygon, Scale, and Base.
