The State of GameFi & New Web3 Games to Watch

GameFi has long been a strong bet for driving adoption. However, over time, the bottlenecks have become more apparent. Here's my summary of Delphi's "Mid Year Gaming Review" report.

Since early 2024, Web3 gaming has underperformed compared to other crypto altcoin sectors, losing 33% of its market capitalization, while the altcoin market has declined by 14%.

Despite this, Web3 gaming remains a strong player, accounting for 30% of all dApp activity with 2.1 million daily active wallets.

Let’s delve into the key insights from the lates…