The summer of 2020 became popular as the DeFi summer for the crypto community with a strong surge in the decentralized finance (DeFi) tokens. Now, the summer of 2021 shall become popular as the NFT gaming market.
The NFT Gaming market is currently battling out the DeFi market to steal all the limelight. As popular analyst Lark Davis noted:
“9 of the top 15 trending coins on Coingecko right now are gaming coins! Last year we had defi summer, 2021 it is gaming summer!”
Let’s take a look at the few comparisons of how these two markets – DeFi and NFT Gaming – compete against each other for a larger market share.
On-chain data provider Santiment also reports that the NFT gaming market is currently having a higher social dominance. It noted:
“DeFi” mentions peak passed last summer, on “DeFi summer”. It’s on the rise last months but still not there yet on average. “Gaming” mentions keep surging rapidly since May indifference. It’s uptrend of popularity is very clear.
Thus, it adds that at present, the NFT gaming market looks stronger than DeFi for now. However, at the same time, it could be in the overbought zone as well. But one thing is sure that the NFT gaming market is coming up a big way and will continue to expand with more market participants.
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