According to the blockchain analytics platform Dappradar, blockchain gaming user activity was submerged and the funding was slowed in April, but the overall ecosystem is healthy and mature.
User activity dropped 10% in April, at least 4.8 million daily unique active wallets with blockchain gaming, Dappradar analyst reached Sarah Gherghelas Said In the April Games report of the platform.
Gaming dominance on decentralized APP industry also fell and is now tied with decentralized finance at 21%.
Girghelus stated that it is clear that the user’s focus is getting away from gaming, but below the surface, the new infrastructure became live, the lead publishers doubled, and reached close to the high quality game launch.
“The blockchain gaming industry is not dead – it is developing. It is moving from noise to signal,” he said.
“Teams are building, and capital flows into space. What we are seeing is a healthy ecosystem-a speculative play-to-age mechanics less powered by and more by users who are more interested in gameplay, asset ownership and community.”
April’s blockchain gaming investment activity also fell 69% from March, reaching $ 21 million.
Weak projects die, shift fund builders
Girghelus said that the drop is part of the drop because investors and users are moving towards real -world property and artificial intelligence.
Another factor is the macroeconomic scenario, with the weight of the market uncertainty running on investor spirit, making capital difficult to secure to startup.
Girghelus stated that weak projects “falling away,” and money flowing in other projects that “are prepared quietly for the next generation of blockchain game.”
“Investors are now adaptable to permanent models, players engagement and real retention, not only tokens,” she said. “It shows that the market is clearly in reset mode.”
Girghelus stated that “66% of all blockchain game funding in 2025 has gone into the infrastructure,” a more mature market signal.
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The mainstream gaming companies are still experimenting with a blockchain-operated game, with Gerghelus pointing to the partnership with Ubisoft, and Sega added non-fan tokens and play-to-kamee mechanics in her game, Kai: Battle of Three States, paired as prominent examples.
“April 2025 was not a record-breaking month for blockchain gaming, and this is fine. What we’re looking is a space recurrence,” he said.
“The speculative publicity is getting cold, but the builders have not stopped,” he said. “Sports are being launched. The ecosystem is expanding. The infrastructure is maturing.”
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