Axie Infinity, the highly anticipated play-to-earn crypto game, has experienced a decline in user numbers and in-game transactions since its launch on the Apple App Store in mid-May. Despite expanding to several countries, including Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia, and Vietnam, the game has failed to attract new players and has witnessed a significant exodus of existing users.
The active player count for Axie Infinity stands at approximately 24,192 individuals playing the game on a daily basis.
Looking at the average monthly players over the last 30 days, the game has seen a decline of 6,651 players, representing a loss of 1.80% compared to the previous month. This indicates a concerning trend for the game, despite the game going live on App store last month.
DappRadar, another reputable gaming data site, supports this observation, reporting a 19% decrease in the number of digital wallets engaging with the game during the same period.
Additionally, transaction and trading volumes have declined by approximately 30% over the past month.
Axie Infinity’s developer, Sky Mavis, has yet to publicly disclose the specific reasons behind the game’s dwindling popularity. Speculation regarding the cause of the decline ranges from increased competition in the market to gameplay not living up to expectations.
The launch of Axie Infinity: Origins on the Apple App Store was expected to propel the game into the mainstream and attract a larger user base. However, the results have fallen short of expectations, exacerbating concerns about the game’s heavy reliance on the Philippine market. Sky Mavis had hoped that expanding into new regions would alleviate this dependence, but it seems to have added further challenges instead.
CryptoSlam! data reveals a significant drop in Axie Infinity NFT trading, with volume declining from $2.1 million in May to $1.4 million in June. This decline is especially stark compared to the peak trading volume of over $700 million during the height of the Covid-19 pandemic.
While Sky Mavis has yet to address the media statements and provide an explanation for Axie Infinity’s decline, their response is eagerly anticipated. It remains to be seen whether the company can introduce revolutionary modifications or updates to reverse the game’s downward trajectory and regain player interest.
As Axie Infinity continues to struggle, data from various sources, including Activeplayer, DappRadar, and a Dune Analytics dashboard, all point to a consistent decline in user numbers and NFT trading, despite the game’s availability on the Apple App Store in multiple nations. The future of Axie Infinity hangs in the balance as the game’s popularity wanes.
