According to data collected from blockchain, in 2023 around 4,000 wallets will have enriched gambling and web3 casino websites with 5 billion dollars worth of cryptocurrency.
Websites that offer Web3 Casinos gambling The platforms are generating enormous profits.ETHThe data shows that wallets have deposited more than $5 billion in crypto since 2023. Chainalysis shows.
A blockchain-forensic company based in New York revealed this information on Aug. 5, 2018. blog post The average transaction of $7,500 worth of cryptocurrency by high-frequency users has a huge impact on gaming web3 businesses.
The number of crypto-whales playing at web3 casinos may be small but their impact is significant. financial The contributions are huge. Around 500 whales sent an average of $25,000 each in cryptocurrency in 2023. This shows the stark difference between casual users and VIP clients.
Personal wallets are the most common method of payment for casino transactions
Chainalysis reported that the majority of transactions at web3 casino involve players using their personal wallets to deposit and withdraw money. It also added that many players used their personal wallets to cash in and out of their accounts. “send and receive funds from exchange accounts.” In particular, 61% of all deposits to and withdrawals from web3 casino are made using personal wallets, and 70% through crypto exchanges.
Chainalysis explains that because many players are not interested in hiding their footprints on-chain businesses can analyse their behavior. “player holdings, spending habits, and engagement across blockchain platforms.”
“With this information, businesses benefit from more accurate segmentation, tailored strategies, and a holistic view of off-platform activities crucial for engaging users.”
Chainalysis
In four years’ time, crypto has accumulated $78.7Billion at web3casinos. Chainalysis, however, has expressed concerns over potential risks. “could also be a vector for money laundering.”
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Source: crypto.news