The numbers represent a 74% decrease from peak levels witnessed just ten months ago. According to the game statistics site Activeplayer, the average monthly number of users playing the monster-battle nonfungible tokens (NFT) game Axie Infinity has fallen to 701,447, representing levels not seen since January 2021. At its peak, monthly Axie Infinity players hit 2.78 million in January of this year before the advent of the crypto winter. The popular play-to-earn NFT game lost 1.2 million players alone in June.
Bear market aside, game mechanics also partly contributed to the decrease in player count. At around the same time last year, players in developing nations reported higher earnings from playing Axie Infinity than some countries’ minimum wages.
However, since that time, the price of Smooth Love Potion (SLP), Axie Infinity’s in-game rewards token, has fallen by more than 95%. Its circulating supply has also increased from about 2.4 billion to around 40 billion in the same period due to the high volume of new players rushing in and earning tokens in-game.
November 2021 was also the month when the Axie Infinity NFT marketplace saw 2 million Axies bought and sold, amounting to 140,956.7 Ether, or $639.5 million at that time. But, the numbers have since fallen sharply, with about 311,300 Axies sold, valuing at 4,143.3 ETH, or $5.37 million at the time of writing, in the past 30 days.
The drop is largely consistent with an intense bear market in the NFTs realm, where trading volumes across digital collectibles have dropped 98% since January. Other developments this year, such as Axie Infinity’s Ronin Bridge being exploited for $600 million, also appear to have dampened confidence in its GameFi ecosystem. Although developers have since worked diligently to try and recover users' funds.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 75.6% | 48 | $28 164.10 | 0.33% | 13.02% | $544 261 794 571 | ||
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2 | ![]() |
Ethereum predictions | 82.8% | 31 | $1 787.94 | 1.35% | 5.81% | $218 797 673 934 | ||
3 | ![]() |
Tether predictions | 93.2% | 1 | $1.001512 | 0.02% | -0.33% | $77 553 405 398 | ||
4 | ![]() |
Binance Coin predictions | 78% | 46 | $324.78 | -3.14% | 5.19% | $51 279 077 061 | ||
5 | ![]() |
USD Coin predictions | 95.6% | 2 | $0.998760 | 0.04% | -0.12% | $35 199 682 488 | ||
6 | ![]() |
XRP predictions | 86.4% | 15 | $0.444871 | 13.53% | 20.20% | $22 666 568 541 | ||
7 | ![]() |
HEX predictions | 64% | 80 | $0.103499 | 4.55% | 25.69% | $17 947 941 823 | ||
8 | ![]() |
Cardano predictions | 74.8% | 51 | $0.371437 | 9.28% | 9.72% | $12 895 992 999 | ||
9 | ![]() |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
10 | ![]() |
Polygon predictions | 75.2% | 48 | $1.14 | 1.42% | -3.43% | $9 978 105 668 | ||
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Dogecoin predictions | 72.8% | 55 | $0.074846 | 3.43% | 1.71% | $9 929 845 913 | ||
12 | ![]() |
Solana predictions | 69.6% | 56 | $22.51 | 0.16% | 8.87% | $8 635 954 598 | ||
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Binance USD predictions | 91.2% | 1 | $1.000029 | 0.05% | 0.02% | $8 119 915 835 | ||
14 | ![]() |
Polkadot predictions | 72% | 50 | $6.26 | 1.54% | 0.77% | $7 311 391 259 | ||
15 | ![]() |
Wrapped TRON predictions | 84% | 24 | $0.066579 | 3.00% | 0.41% | $6 769 516 188 |
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