Axie Infinity’s native token skyrockets while users hit 26-month lows

Axie Infinity, a play-to-earn (P2E) game based on Non-Fungible Tokens (NFTs), has seen a sharp decline in average monthly players since January 2022. In addition, the NFT-based game’s native tokens — Axie Infinity (AXS) and Smooth Love Potion (SLP) — have also fallen significantly from their all-time highs (ATH).

According to Data Powered by ActivePlayer, X-Infinity There are now approximately 95,000 active players. It also had 432,000 average monthly users in the last 30 days. The number of game players hit a 26-month low in November 2020.

In addition, the number of Access toFenty users have seen a steady decline since January 2022, when the number reached an ATH of 2.78 million per active player.

On-chain data and intelligence platform Santiment saw a 59% increase in the number of wallets holding AXS since January 1, 2023. Santiment added that the number of sales on Axie Infinity has also increased by 214% with a 100% increase. in daily transactions.

A bear market has also declined by 92%. AXS From the November 2021 high of $165.37, while SLP According to data from CoinMarketCap, it fell 99.3% from its ATH of $0.419 in May 2021.

SLP is currently trading at $0.0033, up 21% per CMC in the last 24 hours. The token’s 24-hour trading volume also increased by 220%, reaching $67.3 million.

AXS has seen a similar move. The digital asset is trading at $13.2, up 42% in the last 24 hours. AXS’s 24-hour trading volume is up 965%, surpassing $1.3 billion.

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