Blockchain & DeFi Usage Ebbs, Gaming Drives Momentum

After a year defined by new records and milestones for the blockchain universe, the opening three months of 2022 were undeniably volatile as externalities like the conflict in Ukraine weighed heavily on market sentiment. Unlike the end of 2021, interest surrounding decentralized finance (DeFi) and non-fungible tokens (NFTs) cooled to a degree, mirroring a slight drop in unique active crypto wallets interacting with decentralized applications (dApps) daily over the same period.  Despite a pullback in activity compared to the final quarter of 2021, green shoots are still showing through the chaotic backdrop, with blockchain gaming’s appeal accelerating further.