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Axie Infinity: The highs and lows that you need to be aware of

@A01789
1 min read
20.01.2023
ETH
SLP
AXS


In 2022, the play-to-earn gaming ecosystem experienced a significant decrease in user engagement due to the overall decline in the cryptocurrency market.


However, the current year has seen a resurgence of interest in the gaming aspect of the crypto industry. According to DappRadar, the leading P2E gaming platform, Axie Infinity, has observed a 59% increase in unique active wallets since 1 January.


Additionally, sales volume on the platform has risen by 214%, and the daily transactions count has increased by more than 100% during the year so far.

Source: DappRadar

Due to heightened activity on the platform, new demand for its native tokens, Smooth Love Potion [SLP] and Axie Infinity Shards [AXS], and the number of daily active wallets trading these tokens rallied significantly to reach a peak by 14 January.


Since touching this peak, the prices of SLP and AXS have declined by 11% and 12%, respectively.

Source: Santiment
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Featured in this Insight

Ethereum ETH

$ 3804.29
6.83%
in last 7d

Axie Infinity [on Ethereum] AXS

$ 2.388930
-7.69%
in last 7d

Smooth Love Potion SLP

$ 0.001903
-16.74%
in last 7d
ETH
SLP
AXS

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