Source: Cointelegraph
Original: “DappRadar: Interest in Crypto Games Declined in April, Overall Ecosystem Healthier”

According to a report from blockchain analytics platform DappRadar, user activity in blockchain games declined in April, with a slowdown in capital inflow, but the overall ecosystem has become healthier and is maturing.

DappRadar analyst Sara Gherghelas pointed out in the platform's April gaming report that user activity dropped by 10% in April, with blockchain games reaching a low point for 2025, with daily active wallets totaling 4.8 million.

The dominance of games in the decentralized application sector has also decreased, now standing alongside decentralized finance, each accounting for 21%.

Gherghelas stated that user attention is clearly shifting away from games, but beneath the surface, new infrastructure has gone live, major publishers are increasing their investments, and high-quality games are closer to release.

"The blockchain gaming industry is not dead—it is evolving. It is moving from noise to clarity," she said.

"Teams are building, and capital continues to flow into this space. We may be witnessing a healthier ecosystem—one that is no longer so reliant on speculative 'game mining' mechanisms, but rather driven by users genuinely interested in gameplay, asset ownership, and community."

Investment activity in blockchain games in April also fell by 69% compared to March, reaching only $21 million.

Gherghelas noted that part of the decline is due to investors' and users' interests increasingly shifting towards physical assets and artificial intelligence.

Another factor is the macroeconomic environment, where ongoing market uncertainty is affecting investor confidence, making it harder for startups to secure funding.

Gherghelas pointed out that weak projects "are being eliminated," while funds are flowing to "those quietly laying the groundwork for the next generation of blockchain games."

"Investors are now prioritizing sustainable models, player engagement, and actual retention rates, rather than merely chasing token speculation," she added. "This clearly indicates that the market is in a reset phase."

Gherghelas emphasized that "66% of blockchain game funding so far in 2025 has gone to infrastructure," marking a sign of a more mature market.

Mainstream gaming companies are still actively exploring blockchain-driven games, with Gherghelas mentioning Ubisoft's collaboration with Immutable, as well as Sega adding non-fungible tokens and game mining mechanisms to its game "KAI: Battle of the Three Kingdoms."

"April 2025 is not a record month for blockchain games, and that's okay. We are witnessing a realignment in the field," she said.

"The speculative frenzy is cooling down, but builders have not stopped moving forward," she added. "Games are being launched. The ecosystem is expanding. Infrastructure is maturing."

Related: The stablecoin bill passed in the Northern Mariana Islands, the House overturned a previous veto.

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