DappRadar: Interest in encryption games declined in April, making the overall ecosystem healthier.

Source: Cointelegraph Original: "DappRadar: Interest in Crypto Games Declines in April, Overall Ecosystem Becomes Healthier"

According to a report from the blockchain analysis 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 noted in the platform's April game report that user activity decreased by 10% in April, with blockchain games reaching a low not seen since 2025, and the number of daily active wallets at 4.8 million.

The dominance of games in the decentralized application industry has also declined, currently ranking 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 been launched, major publishers have increased 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.

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

Investment activities in blockchain games in April also decreased by 69% compared to March, reaching only 21 million dollars.

Gherghelas stated that part of the decline is due to investors and users increasingly turning their attention to physical assets and artificial intelligence.

Another factor is the macroeconomic environment; ongoing market uncertainty affects investor confidence, making it more difficult for startups to secure funding.

Gherghelas pointed out that vulnerable projects "are being eliminated," while funds are flowing towards "those other projects that are quietly laying the foundation for the next generation of blockchain games."

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

Gherghelas emphasized that "66% of blockchain game financing to date in 2025 has flowed into infrastructure," marking a sign of a more mature market.

Mainstream gaming companies are still actively exploring blockchain-driven games. Gherghelas mentioned Ubisoft's collaboration with Immutable, as well as Sega incorporating non-fungible tokens and a game mining mechanism in 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 of the sector," she said.

"The speculative frenzy is cooling down, but builders are not stopping their progress," she added. "Games are being launched. The ecosystem is expanding. Infrastructure is maturing."

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