Skip to main content

Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020

Axie Infinity's Monthly Player Count Drops to Low Not Seen Since November 2020

After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days.

Axie Infinity’s Native Token AXS Climbs 62% Despite Continued Decrease in Monthly Players

The non-fungible token-based online video game Axie Infinity once had millions of monthly players, with a peak of 2.78 million in Jan. 2022, according to activeplayer.io statistics. With Jan. not quite over, the last 30 days indicate an average of 432,001 players to date. During Dec. 2022, there were 468,805 players, a low not seen in over two years, since Nov. 2020.

Axie held an average of two million monthly players for eight consecutive months between Oct. 2021 and May 2022. After May, the average monthly player count dropped to 958,044, or 1,202,210 fewer players than the previous month. Over the next four months, Axie’s monthly player count remained above 700,000, but in November 2022, it slipped to 556,058.

Axie Infinity's Monthly Player Count Drops to Low Not Seen Since November 2020

The last month of 2022 and the first month of 2023 also saw dismal numbers. As far as all-time NFT sales are concerned, the project developed by Vietnamese studio Sky Mavis has recorded $4.26 billion in total NFT sales, more than top NFT markets like Magic Eden, Looksrare, X2Y2, Rarible, and Atomicmarket.

Axie Infinity's Monthly Player Count Drops to Low Not Seen Since November 2020

According to data from cryptoslam.io, sales on Axie’s Ronin chain saw a 41% increase over the last 30 days compared to the previous month. Ronin sales over the last 30 days totaled $1,418,842, and Ronin is the ninth-largest blockchain in terms of monthly sales this month. Axie Infinity’s native token, AXS, has performed well this month, increasing by 62% against the U.S. dollar over the last 30 days.

Axie Infinity's Monthly Player Count Drops to Low Not Seen Since November 2020

Two-week statistics show AXS is up 67% against the greenback. On Jan. 22, 2023, AXS was trading at prices between $8.95 and $11.84, gaining 24% on Sunday afternoon at 4:30 p.m. Eastern Time. AXS is the 42nd largest crypto market capitalization, with a valuation of around $1.31 billion.

Despite the recent lift, AXS is still down from its $164 per unit high on November 6, 2021, and is down 93% since that day. The play-to-earn (P2E) game Axie Infinity’s player count is significantly lower than some of the top played games today. For instance, activeplayer.io shows that Overwatch 2’s active number of monthly players was around 23 million in the last 30 days and 23 million during Dec. 2022.

Call of Duty: Mobile Live Player had 58,502,111 average monthly players in the last 30 days and 58,001,154 during Dec. 2022. In comparison, Axie Infinity’s player count is a small fraction of these games with very high monthly player counts. Specifically, Axie’s Dec. 2022 average monthly player count represented 0.81% of Call of Duty’s average monthly player count.

What do you think is the future for Axie Infinity and its native token, AXS, given the decrease in monthly players? Share your thoughts about this subject in the comments section below.



from Bitcoin News https://ift.tt/2TvUtqG
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more