Web3 gamers turn to GameFi analytics to classify crypto games

Despite the negative trend witnessed across the cryptocurrency industry in 2022, the GameFi sector has remained resilient. The GameFi sector comprises gaming, decentralized finance, non-fungible tokens (NFTs), and the metaverse. This sector continues to attract more investments despite the bearish sentiment.

Web3 gamers use GameFi analytics to analyze crypto games

The GameFi industry has attracted many investors, but this growth has also presented challenges. It has resulted in an influx of low-quality games with poor in-game economics. Therefore, blockchain gamers are actively looking for well-developed and exciting games.

These gamers have been relying on GameFi analytics platforms to assess each gaming platform’s good and bad. One of the most popular analytics resources is DappRadar. The platform has a “rankings” tab allowing users to rank decentralized applications according to various criteria such as transaction volume, unique wallet addresses, number of transactions, and more.

The platform has a page for each project with tags, ratings, links to social media platforms, and the project description. The middle of the page contains standard indicators such as the number of transactions, balance, and volume and a graph showing the changes seen across different periods.

It also comes with an Industry Overview” section that contains all the statistics about the DApp. In the case of NFTs, DappRadar comes with an NFT explorer feature that can be used to sort out the collections and an NFT Value Estimator feature that displays the expected price of the NFT depending on the current and the previous price performance.

This platform comes with comprehensive details about every project, making it challenging for newcomers to navigate. Newcomers usually look for basic information about a project, but DappRadar has extensive details.

Alternatives to DappRadar

DappRadar is not the only analytics platform blockchain gamers use to determine the project with more potential. One of these platforms is Dapp.com, the largest DApp distribution platform listing more than 8,000 DApps created on over 20 blockchains.

This platform has created an in-wallet known as DappStoreWallet allowing users to access and use the DApps linked to multiple blockchains. The platform also has a governance system where the holders of the DAPPT token can vote on the platform and release projects through staking and other activities.

Despite these positive features, Dapp.com lags because the project listings are not informative. The reports on the platform have also stalled for several years, with the recent update being for the second quarter of 2020.

The other project is CryptoSlam, which is an NFT market data aggregator. This platform analyzes the trading volumes within the NFT market, classifies NFT collection, according to popularity, and tracks the release dates for new crypto tokens.

CryptoSlam’s main feature is real-time data tracking. Users can also rank NFT projects in tables, making it easier for the users to analyze the projects on the platform.