1 year ago
Axie Infinity ranks among the largest blockchain-driven play-to-earn games ever. However, its luster has dimmed considerably from its January 2022 peak. Then, a robust 2.78 cardinal mean monthly players flocked to the game. Yet, today’s number stands astatine a specified 359,254 mean monthly participants, translating to a melodramatic diminution of implicit 87%.
Axie Infinity’s Dramatic 87% Decline successful Average Monthly Users
The play-to-earn blockchain game, Axie Infinity, experienced a notable alteration successful its mean monthly users since January 2022. At that time, Axie Infinity attracted an mean of 2.78 cardinal monthly users. By June 2022, this fig fell to 958,044.
The adjacent period saw a alteration of astir 191,240 users, leaving astir 766,804 monthly users successful July 2022. Since February 2023, Axie hasn’t surpassed the 400,000 people nor dipped beneath 340,000, according to activeplayer.io figures.
The game, which uses non-fungible token (NFT) technology, was archetypal introduced connected the Ethereum blockchain. To expand, Sky Mavis, the game’s developers, developed a furniture 2 (L2) concatenation named Ronin. The rollout of Ronin finished successful February 2021, and by April of the aforesaid year, each Axie NFTs transitioned from Ethereum to Ronin.
Even with a alteration successful monthly users, Axie has logged $4.28 billion successful NFT income implicit 20.32 cardinal transactions. However, figures from defillama.com bespeak that the full worth locked (TVL) connected Ronin has seen a important decline. On December 3, 2021, Ronin’s TVL peaked astatine $1.487 billion, but it has since fallen to $61 million.
The project’s autochthonal cryptocurrencies, axie infinity (AXS) and smooth emotion potion (SLP), person declined 97.13% to 99.65% from their grounds highs. In the past month, AXS decreased 1.3%, but it roseate 4% successful the past week. Meanwhile, SLP fell 2.2% implicit 30 days compared with the U.S. dollar. SLP ranks 351 among much than 10,000 cryptocurrencies, portion AXS holds the 61st presumption connected September 16, 2023.
More than 99% of AXS investors person faced losses since the game’s currency introduction. Axie’s unique progressive wallet count isn’t faring overmuch better, with a diminution of implicit 14% successful the past 30 days. This month’s transaction number is down 6.53% from the erstwhile month.
With a measurement alteration of much than 43%, the project’s numbers look bleak. Although 359,254 monthly players is notable, Call of Duty’s mobile crippled tallied astir 57.9 million players successful August. This indicates Call of Duty had astir 161.3 times much monthly progressive users than Axie.
What bash you deliberation astir Axie’s downturn since the project’s peak? Share your thoughts and opinions astir this taxable successful the comments conception below.
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