Coingecko: Over the past 5 years, a total of 2127 Web3 games have "failed", accounting for 75.5% of the total number launched.

According to Coingecko's statistics, as of November 29th, in the past five years since the emergence of the GameFi sub-market, about 2127 Web3 games have "failed", accounting for 75.5% of the 2817 Web3 games launched. That is to say, 3 out of 4 Web3 games are inactive. Coingecko defines a Web3 game as inactive when its 14-day moving average of active users drops by 99% or more from its peak. From 2018 to 2023, the average annual failure rate of Web3 games is 80.8%.