The play-to-earn (P2E) game based on non-fungible tokens (NFTs), Axie Infinity, has seen a massive drop in average monthly players since Jan. 2022. In addition, the NFT-based game’s native tokens — Axie Infinity (AXS) and Smooth Love Potion (SLP) — have also dropped significantly from their all-time highs (ATH).
According to data provided by Active Player, Axie Infinity now has around 95,000 live players. It also had 432,000 average monthly users in the past 30 days. The number of game players has dropped to a 26-month low seen in November 2020.
Moreover, the number of Axie Infinity users has been seeing consecutive drops since Jan. 2022, when the figure reached an ATH of 2.78 million per Active Player.
The on-chain data and intelligence platform Santiment noticed a 59% increase in the number of wallets holding AXS since Jan. 1, 2023. Santiment adds that the number of sales on Axie Infinity has also increased by 214%, with a 100% rise in daily transactions.
Source: https://crypto.news/axie-infinitys-native-token-skyrockets-while-users-drop-to-26-month-lows/