AxieInfinity: A-Z of how the P2E game fared in the last week
According to the data provider, while the count of unique active wallets on Axie Infinity grew by a mere 0.43% in the last seven days, the total number of transactions completed by these addresses fell by 8%.With a significant decline in user activity in play-to-earn games last year, Axie Infinity suffered a huge blow to its user base in 2022.
Despite significant growth across the broader cryptocurrency market since the start of the year, Axie Infinity has failed to follow the trend, with a decrease in the number of new players joining its platform.With 2807 new accounts created on Axie Infinity in February, monthly new accounts on the gaming platform have dropped by 49% since December 2022.As for the count of daily transactions completed on Axie Infinity, it has seen a steady fall since the high of 2481 transactions on 22 January.
According to data from DappRadar, the fiat value of transactions completed on Axie Infinity in the last seven days totaled $8.55 million, declining by 38.35%.An assessment of Axie Infinity’s performance within a 30-day window period revealed a jump in revenue on the gaming platform., profit recorded by the play-to-earn game in the last month totaled $391,900, representing a 69% jump.
Its revenue jump was, however, less compared to that of Decentral Games, another blockchain-based gaming platform that saw a 3900% jump in revenue during the same window period.Nonetheless, the 69% uptick in Axie Infinity’s revenue remains noteworthy, considering the fact that there has been a persistent fall in active gamer count in the last 30 days.An assessment of AXS’s price movements on a daily time scale showed a drop in the token accumulation trend in the last week.