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Game On: BNB Chain Dominates GameFi With Most Titles

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The Binance blockchain ecosystem has dominated web3 gaming, also called GameFi, for the third quarter, according to a recent report from the company.

In a report released on Oct. 20, the world’s largest crypto exchange Binance revealed that its own native blockchain ecosystem dominated the blockchain gaming sector in the third quarter of 2022.

The ‘State of Crypto Q3’ report delved into the crypto and DeFi ecosystem over the past three months, which has been bearish and pretty flat in terms of activity.

Its GameFi data was interesting as, according to Binance, BNB Chain has dominated the sector with a 36.6% market share. “BNB Chain has the highest number of games built on the chain,” the report stated.

BNB Chain, Ethereum, and Polygon dominate GameFi

The second largest two networks for web3 gaming were Ethereum with 20.2% and Polygon with 11.8%. Between them, the three blockchain ecosystems made up almost 70% of the GameFi market.

Solana was the fourth largest platform in terms of web3 games, with a 6.9% market share, according to the report.

GameFi is still an embryonic industry. The majority of projects are still in development, beta, or alpha stages, it added.

Web or browser-based games are leading the pack with over 1,000 titles released. Android mobile devices make up the second most popular platform for GameFi.

Looking into genres, the report noted that action, adventure, and collectibles were the categories with the greatest number of games. This could possibly indicate that “developers
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