Ethereum collectibles game CryptoKitties sees activity resurgence
March 7, 2021, 12:09PM EST
1 min read
Data collected by The Block Research shows an activity uptick taking place on CryptoKitties, the long-running collectibles game built on the Ethereum blockchain.
To be sure, the resurgence is nowhere near the network-clogging heights of 2017, when CryptoKitties experienced an explosion in popularity. But weekly data indicates that CryptoKitties is seeing more usage now than it has since April 2019.
Weekly trade volume data also illustrates the ramp in activity, reaching $1.83 million for the week starting February 28.
CryptoKitties debuted in 2017, the brainchild of Dapper Labs. As seen in the above data, NFT activity has been dominated by another Dapper product: NBA Top Shot.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.