A new ‘low’ for Axie Infinity in 2023 and what that means

A new ‘low’ for Axie Infinity in 2023 and what that means

September 19, 2023

By Abiodun Oladokun

Monthly average count of players on Axie Infinity has dropped to its lowest so far this year

After a brief uptick in price, AXS has resumed its downtrend

The number of average monthly players on leading play-to-earn (P2E) blockchain game Axie Infinity [AXS] has plummeted to its lowest level of the year, according to data from activeplayer.io .

Information from the data provider revealed that the average count of monthly players on the P2E platform has fallen from a peak of 2.70 million in February 2022 to less than 500,000 players in August 2023. On a year-to-date (YTD) basis, the monthly player count on Axie Infinity has declined by 19%.

Source: activeplayer.io

More than enough troubles for Axie

The last 30 days have been marked by a general decline in user activity on Axie, additional data from DappRadar showed. Over the previous month, the number of unique active wallets (UAW) that interacted or performed a transaction with the protocol’s smart contracts totalled 74,000, logging a 16% decline.

As expected, the low user count on the game culminated in a drop in the number of transactions completed within the period under review. Over the same period, Axie Infinity saw a transaction count of 1 million. This represented an 11% decline on a month-over-month (MoM) basis.