The Decline of Axie Infinity: A Look at the Numbers
Trying to gauge the popularity of blockchain-powered video games can be a challenge, but it seems that Axie Infinity, a play-to-earn crypto game, is losing its steam. Despite its soft launch on Apple’s App Store in mid-May, the game has seen a decline in its user base.
Here are the key points about Axie Infinity’s decline:
– According to Activeplayer, more than 6,000 users have left the game in the past 30 days.
– DappRadar confirms the decline, reporting a 19% decrease in the number of digital wallets engaging with the game.
– Transaction and trading volume have also dropped by about 30% in the last month, as reported by DappRadar.
– The game’s total user numbers have grown by less than 7,000 since the May launch, according to data from Axie Infinity’s dashboard on Dune Analytics.
– Despite expanding to new territories and becoming available on iPhones in countries like Argentina, Colombia, and Vietnam, the game’s growth has been modest.
It’s worth noting that Sky Mavis, the developer of Axie Infinity, has not provided a comment on the decline.
In summary, Axie Infinity has experienced a decline in user numbers, trading volume, and engagement over the past month. The game’s ambitious plans to expand and attract new users seem to have stalled, raising questions about its future success.
Hot Take: Axie Infinity’s Hype Fades, Leaving Questions About Its Future
Axie Infinity’s decline in popularity is a concerning development for the blockchain gaming industry. The game’s play-to-earn model and unique NFT mechanics initially captured attention and drove significant trading volume. However, the recent decline in user numbers and trading activity suggests that the hype may be fading. This raises doubts about Axie Infinity’s ability to sustain long-term success and mainstream adoption. As the blockchain gaming sector continues to evolve, it will be crucial for developers to not only attract new users but also retain their interest and engagement over time. Otherwise, we may see more games follow a similar trajectory as Axie Infinity.
By
By
By
By