Polkadot is making inroads into the Web3 gaming ecosystem, currently dominated by BNB Chain, Polygon, and Ronin Network.
The Polkadot ecosystem is tapping into the gaming market, setting a 2024 record by logging 3.8 million transactions in a single day following the migration of the Mythos private blockchain to its network.
On July 30, Mythos migrated to Polkadot and was responsible for 3.3 million transactions, a sizeable jump from the previous day’s count of under 500,000. This spike was mainly due to the transfer of non-fungible tokens (NFTs) from Mythos.
“The parachains mechanism can, conservatively, handle about 20 times this per core and 1000 times this load in total before we expect it to be stressed,” tweeted Robert Habermeier, co-founder of Polkadot.
The next day, transactions on Polkadot’s ecosystem dropped to 690,000, as per data from DotLake. However, 190,000 of these were still from Mythos.
In March, the decentralized autonomous organization (DAO) behind Mythos announced plans to bring over 5 million players to the Polkadot ecosystem as a parachain. Currently, more than 750,000 active wallets from Mythos have migrated to Polkadot.
Parachains are independent app-specific blockchains within the Polkadot ecosystem that connect to its main relay chain, benefiting from shared security and interoperability. This setup improves speed by enabling parallel processing of multiple transactions across different parachains rather than bottlenecking all data through a single blockchain.
Why Polkadot?
Cameron Thacker, co-founder of Mythical Games, explained the decision to choose Polkadot over more established gaming-focused networks.
According to Thacker, one major factor was stability. Solana was ruled out because if the chain goes down, their apps risk being pulled from the app stores.
“We need a minimum amount of throughput and a roadmap that makes us feel confident in the future,” Thacker added. “Polkadot checked that off.”
Lastly, Thacker mentioned Snowbridge, which provides the “ability to migrate ERC-20 tokens into the Polkadot ecosystem in a trustless manner.” Founded in 2018, Mythical Games initially launched on Ethereum.
Web3 Games Tout Millions of Users
The gaming ecosystem is largely dominated by BNB Chain, which boasts a 27% market share with 20 million active users. Polygon Network and Ronin Network follow closely with 24% and 23% of users, respectively. Other chains include Solana, with a 5.8% market share, Ethereum with 4.7%, and zkSync Era with 3.5%, according to data from Footprint Network.
According to DappRadar, Alien Worlds on BNB Chain is the top blockchain game, logging 150 million transactions in the past 30 days. Other blockchain games, such as Playground and Meet48, recorded 40 million and 30 million transactions, respectively, across networks like Avalanche, Polygon, Scale, and Base.
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