![]() ![]() It is not uncommon for blockchain games to see player numbers go down over time. The game is losing traction pretty quickly and may need a significant revamp to bring players back. A respectable number were it not a 24.65% decline in the past month. Instead, it is now ranked 16th overall, with just over 80,300 monthly active users. It used to have the biggest player base across all P2E titles, but that is no longer the case. Steep User DeclineĪnother worrisome statistic for Axie Infinity is how the game loses users left, right, and center. ![]() The price for these tokens isn’t everything, but the other metrics look very bleak too. The game still requires an upfront investment – or a scholarship – and making back one’s initial investment can be very challenging. People wondering whether to get into the blockchain game will see momentum stalling for AXS and SLP and look elsewhere. When both in-game currencies struggle, no good can come of it. It still has a decent trading volume of over $50 million per day, but it appears people mainly want to sell SLP rather than buying it. Sadly, SLP has fallen below $0.006 once again, primarily due to a 69.6% decline these past 30 days. AXIE INFINITY REVENUE UPGRADEIt is used to breed in-game monsters and upgrade one’s account to progress further. Smooth Love Potion, or SLP, is the other crucial currency for the Axie Infinity ecosystem. The current sentiment would not allow for such a push, regardless of how bullish Bitcoin and Ethereum may become. It seems unlikely the project will see a new all-time high soon, as AXS would need to hit $164.91 or higher. The value of AXS now sits at under $21, a 56.5% decline in the past month. Both AXS and SLP have seen steep price declines for a while now, and these past 30 days have been no different. The price pressure for this popular play-to-ern game is evident across both of its tokens. Those who expect big things from Axie Infinity will not be too happy with how things are going, as the project struggles hard across the board. While the sentiment shows no real signs of improving, individual projects can still make a big impact. It is a fair assessment, as Bitcoin is still down by over 50% from its all-time high. One can argue all cryptocurrency markets have seen tremendous bearish pressure throughout late 2021 and early 2022. ![]() The project appears to be in a lot of trouble retaining users, although things can always improve in the future. Or that is what people think, even though all of the crucial metrics paint a different outlook. Axie Infinity remains one of the most popular play-to-earn blockchain games on the market. ![]()
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