AXS is bleeding thanks to gamers’ apathy, but Axie might have…
With crypto-backed play-to-earn games on a steady decline since the beginning of the year, many believe that these projects are doomed to fail.
A prime example of a play-to-earn gaming project suffering gamers’ apathy is Axie Infinity. Following the 2021 boom, one that saw the project registering record highs, the year so far has been marked by a decline in the growth of the Axie Infinity world.
According to Axie Growth Data, the gaming project has recorded significant decline on many growth metrics this year. This can primarily be attributed to the crypto-winter, one that has plagued the general market and the failure of the project to sustain gamers’ interest.
As of 1 August, daily active users on the platform stood at 260,246 gamers. This was a far cry from its all-time high of 2,718,810 active users recorded on 15 November 2021.
On 10 May, having registered a 14.27% decline in active users that week, Axie Infinity Co-founder Jeffrey Zirlin remarked that the gaming platform had “been here before and know what to do.”
<p lang=«en» dir=«ltr» xml:lang=«en»>We've been here before and know what to do.The fear is normal. pic.twitter.com/eXPk2mS1H3
— The Jiho.eth
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