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 | 72.4% | 54 | $68 221.63 | 1.27% | 2.38% | $1 346 132 518 889 | ||
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Ethereum predictions | 77.6% | 47 | $3 277.70 | 0.62% | -6.01% | $394 072 124 681 | ||
3 | ![]() |
Tether predictions | 93.6% | 1 | $1.000294 | 0.04% | -0.03% | $114 362 869 613 | ||
4 | ![]() |
Solana predictions | 65.2% | 70 | $186.46 | 3.76% | 10.05% | $86 651 629 563 | ||
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Binance Coin predictions | 79.2% | 42 | $588.60 | 1.71% | -0.56% | $85 893 706 101 | ||
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USD Coin predictions | 91.6% | 1 | $1.000218 | 0.01% | 0.02% | $34 165 068 764 | ||
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XRP predictions | 60.4% | 86 | $0.601322 | 0.08% | 1.60% | $33 650 519 304 | ||
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Dogecoin predictions | 74% | 55 | $0.135778 | 4.40% | 6.72% | $19 726 589 838 | ||
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Toncoin predictions | 84.8% | 29 | $6.74 | -0.27% | -8.09% | $16 954 582 289 | ||
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Cardano predictions | 75.2% | 49 | $0.417851 | 0.74% | -4.48% | $15 002 527 040 | ||
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TRON predictions | 87.2% | 18 | $0.137290 | 0.44% | 2.02% | $11 952 578 512 | ||
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Avalanche predictions | 79.2% | 38 | $28.70 | 1.64% | 1.95% | $11 330 467 420 | ||
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Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
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SHIBA INU predictions | 80.8% | 30 | $0.000017 | 2.35% | -3.05% | $10 173 129 198 | ||
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Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |
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