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GameFi apps revived interest in blockchain gaming: Huobi Research -Breaking


Crypto exchange Huobi’s research arm, Huobi Research, has identified a rising interest in blockchain gaming as a direct impact from GameFi initiatives. GameFi refers to decentralized finance (DeFi), as well as blockchain gaming, which incentivizes players based on a “play-to-earn” model.

Huobi Research reports that GameFi’s initiatives saw a significant increase in activity since June 2021. This is due to both a substantial reduction of transaction costs and an improved user experience.

GameFi’s ways to reduce transaction fees Huobi Research
CryptoKitties changes in daily active users and trading volumes Source: DappRadar and Huobi Research