The blockchain gaming space commanded 37% of the market.
Regulatory heat on the crypto industry intensified in the previous quarter. Facing the brunt are several sectors, including the DeFi and NFT, that demonstrated a troubling state. The blockchain gaming sector, on the other hand, appears to have remained unshaken in the face of the turmoil.
A mild resurgence came in the form of meme coin hype and the L2 airdrops hunters, as DeFi’s dominance soared from 23% to 32%. However, DeFi protocols witnessed their TVL plummet by more than 7% from the previous quarter reaching $77.6 billion.
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