Crypto Gaming Q1 2025 Shows Mixed Bag: Deals Surge While Investment Drops

Blockchain gaming saw a mixed performance during the first quarter of 2025, marked by a notable increase in deal volume but a significant decrease in investment levels, according to DappRadar’s April 10 State of Blockchain Gaming report. The platform revealed that Web3 gaming projects secured $91 million in funding during Q1 2025, representing a 71% drop from the previous quarter and a 68% decline compared to the same period last year. DappRadar analyst Sara Gherghelas suggests these figures reflect the pressure on early-stage startups and hint at a potential challenge for Web3 gaming in the coming years unless broader market conditions improve.