Blockchain gaming hits 2025 low as daily users numbers slide

The blockchain game saw the activity of users decrease sharply in April, diving below 5 million daily active wallets for the first time in 2025.

Daily active users in Gaming blockchain Decreased by 10% in April 2025, going to 4.8 million unique active portfolios, reaching the lowest level of user engagement that the sector has seen this year so far.

Dappradar data shows This share of web3 gaming of the decentralized applications industry has also slipped, now on par with a decentralized finance at 21% each, while artificial intelligence projects have climbed with a market share of 16%.

Dappradar’s blockchain analyst Sara Gherghelas noted that the financing of the blockchain games also had a sharp decline, from almost 70% from March to $ 21 million in April. However, some great ecosystem funds remain active. Arbitrum Gaming Ventures deployed its first $ 10 million from a 200 million dollar fund, support projects such as Wildcard, Xai Network and proof of play.

“The investment activity of April 2025 in Blockchain Gaming and the Metaversse has almost fallen flat, but there is a reason to be carefully optimistic. This month, the total capital increased has only reached $ 21 million, marking a drop of 69% compared to March. ”

Sara Gasshqhelas

As Gherghelas notes, investors “now optimize for sustainable models, players’ engagement and real retention, not just symbolic beating”, which the analyst describes as the “reset mode” of the market.

“Capital is more difficult to secure, but it is not necessarily a bad thing. The weak projects fall, and the funds flock to the manufacturers who quietly throw the foundations for the next generation of blockchain games. ”

Sara Gasshqhelas

Even with the figures that lower, the big game companies always test the waters with the blockchain. It is a mixed bag however – Sega abandoned a NFT game called Kai: Battle of Three Kingdoms, but Square Enix bailed On the symbiogenesis after having failed. Ubisoft is still in the game, associates with a cardchain Might & Magic cardchain cardchain to come later this year.

According to Gherghelas, the main publishers always show interest, but those who arrive somewhere are those who combine with native web3 teams. She also underlines that space moves – less emphasis on hypey token models, plus on solid gameplay, interoperability and “real retention of users”.