The activity of blockchain game users has dropped and funding slowed down in April, but the global ecosystem is healthier and ripening, according to the Dappradar blockchain analysis platform.
User activity dropped by 10% in April, blockchain games reaching a lower 2025 of 4.8 million unique active portfolios, said Sara Gherghelas, Dappradar analyst, in the April Games Report.
The domination of games over the decentralized applications industry has also dropped and is now tied with a 21%decentralized finance.
Gherghelas said it is clear that users’ attention was moving away from the game, but under the surface, new infrastructure has been launched, the main publishers have doubled and that high -quality games were getting closer to the launch.
“The blockchain game industry is not dead-it changes. It goes from noise to signal,” she said.
“The teams are built, and the capital continues to flow into space. What we could see is a healthier ecosystem – an eco -Then less motivated by speculative game mechanisms upon receipt and more by users who have a real interest in gameplay, possession of assets and the community. “
APRIL Blockchain investment activity also dropped by 69% compared to March, reaching 21 million dollars.
The lower projects die, the funds move to the manufacturers
Gherghelas said that part of the drop is due to the fact that investors and user interest are moving more and more towards real assets and artificial intelligence.
Another factor is the macroeconomic landscape, with the continuous uncertainty of the market weighing on the feeling of investors, which makes capital more difficult to secure for startups.
Gherghelas said that weaker projects “fall” and that funds flow into other projects that “quietly set the foundations for the next generation of blockchain games”.
“Investors are now optimizing for sustainable models, players’ commitment and real retention, not just symbolic overhaul,” she added. “This shows that the market is clearly in reset mode.”
Gherghelas noted that “66% of all the financing of the Blockchain game in 2025 so far has gone to the infrastructure”, reporting a more mature market.
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The consumer games companies also experiment with games fueled by the blockchain, Gherghelas pointing to Ubisoft’s partnership with immutable, and SEGA adding non -fascinating tokens and game mechanisms at the reception at its game, Kai: Battle of Three Kingdoms.
“April 2025 was not a record month for the blockchain game, and that’s not a matter. What we see is a recalibration in space,” she said.
“Speculative media threw is cool, but the manufacturers have not stopped,” she added. “The games are underway.
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