FYX, a gaming company with a particular focus on utilizing the BSV blockchain, has recently released the beta version of their game Crypto Fights. In Crypto Fights users are able to win NFTs, earn by compete against other users in cash tournaments, & review the publicly auditable record of match history on the blockchain for anti-cheating measures. This combination of unique features seems to have quickly attracted a growing user-base of enthusiastic gamers, as the transaction output of Crypto Fights has recently exploded in hockey stick-like fashion.
Yesterday, on 8/24/2021, Crypto Fights alone pushed a total of 2.134M transactions onto the BitcoinSV network. For comparison, yesterday the Ethereum network as a whole processed a grand total of 1.247M transactions – only 58% of the output from Crypto Fights alone.
Notably, FYX initially planned to build Crypto Fights on Ethereum, but after further evaluation of the network they realized the Ethereum network was not suitable for the type of game they envisioned. Ultimately after re-evaluation, FYX decided to migrate their project to the BitcoinSV network due to its superior scalability & microtransaction processing capabilities. Their decision to move to the Bitcoin SV blockchain is outlined here.
Seeing this recent transaction output growth in Crypto Fights, it’s clear the developers at FYX made the right decision to migrate to BitcoinSV, as the Ethereum network isn’t even capable of processing the amount of transactions the game is currently generating despite it only being in beta.
We believe that over time, developers & entrepreneurs with truly ambitious projects will come to similar conclusions as FYX, as they realize businesses built on Ethereum & other blockchains can only scale as much as their underlying blockchain will allow them to.