Delphi Digital: GameFi Funding Volume to Drop Over 55% YoY by 2025, Web2.5 Games Emerge as a New Growth Vector

BlockBeats News, December 30th, Delphi Digital published a post stating that "2025 was a tough year for GameFi. The overall funding scale decreased by more than 55% year-on-year, some highly anticipated project launches did not meet expectations, and the market enthusiasm cooled significantly. But taking a longer-term view, the overall situation is more complex.

We are witnessing the stealthy rise of Web2.5 games. These games view blockchain as a pure infrastructure layer, often skipping token design altogether and instead competing on real revenue and product experience. Studios like Fumb Games, Mythical Games, and Wemade / Wemix continue to create substantial revenue while leveraging blockchain in their own ways: blockchain helps them improve profit margins, enhance user engagement, or introduce new monetization channels.

In contrast, native Web3 games also generated million-dollar-level (6-7 digits) revenue this year, but the player base remains small and largely composed of bots. Once the incentive mechanisms dry up, the fun of the game often dissipates, although some teams are trying new mechanisms to address this issue.

Web2.5 studios can now fully leverage the advantages brought by blockchain without forcing user participation in speculation or making excuses for a rigid user experience. With the further popularization of stablecoins, this trend will accelerate. Microtransactions, global payment channels, and reward mechanisms based on user engagement will become more convenient."