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SOFTSWISS has unveiled its latest findings in the realm of crypto gaming trends, presenting a comprehensive report for the first half of 2023. Drawing data from over 500 brands utilizing the company's tech services, the report sheds light on key developments shaping the landscape of crypto gambling. Notably, SOFTSWISS Online Casino Platform introduced a crypto-centric feature in 2022, enabling players to engage in crypto betting within games traditionally designed for fiat currency transactions.

Highlights of iGaming in H1 2023

According to SOFTSWISS, the iGaming sector witnessed substantial growth in the first half of 2023 compared to the corresponding period in the previous year. The total amount wagered surged by 37%, while the volume of bets placed increased significantly by 49%. Notably, average fiat and total bets demonstrated minor fluctuations, maintaining relative stability within the 4-9 percentage point range when comparing data from the first and second halves of 2022 with the first half of 2023.

Insights from the Crypto Gaming Trends Report

Analyzing crypto betting trends between H1 2022 and H1 2023, the report reveals a consistent growth of 16.5% in monetary terms. Particularly noteworthy is the remarkable surge in the number of crypto bets, soaring by 83.6% compared to the latter half of 2022. Crypto bets accounted for 29.5% of the total wagered amount in the last six months, showcasing sustained consistency in comparison to the previous reporting period.

Despite a decline in the average crypto bet from 2.84 euros in H1 2022 to 1.80 euros in H1 2023, the overall percentage and numerical figures remained stable, attributed to the surge in the volume of crypto bets.

Insights from SOFTSWISS Co-CEO

Andrey Starovoitov, Co-CEO at SOFTSWISS, provided insights into the state of the crypto market, noting its sensitivity to global environmental changes. The correlation analysis conducted by SOFTSWISS analysts between key player activity indicators and the Fear and Greed Index revealed that business indicators remained consistently high even during periods of relative apprehension in the cryptocurrency market.

Popular Cryptocurrencies in H1 2023

Key findings from the report indicate that the most frequently utilized cryptocurrencies in H1 2023 closely mirrored their usage patterns in 2022. The dominant cryptocurrencies in the iGaming market included Bitcoin (76.2%), Ethereum (9.0%), Litecoin (5.5%), Tether (4.7%), and Dogecoin (2.6%). Starovoitov emphasized that despite fluctuations in cryptocurrency rates and shifts in their market shares within iGaming, digital coins continue to enjoy enduring popularity among players.