Axie Infinity: A-Z of how the P2E game fared in the last week

ambcrypto.com:

Axie Infinity [AXS], the well-known play-to-earn gaming platform, has experienced a drop in crucial growth indicators in the past week, as per the latest findings from DappRadar .

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%.

During that period, transactions completed on Axie Infinity totaled 299,720. 

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.

Realistic or not, here’s AXS market cap in BTC’s terms

With 2807 new accounts created on Axie Infinity in February, monthly new accounts on the gaming platform have dropped by 49% since December 2022. 

Source: Dune Analytics

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.

Source: Dune Analytics

Further, due to the fall in transaction count on the game in the last week, the fiat value of these transactions plummeted as well.

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.

According to data from Token Terminal , profit recorded by the play-to-earn game in the last month totaled $391,900,