Blockchain gaming giant Axie Infinity found its user base fell 83% in Q2, while the volume of blockchain gaming Unique Active Wallets (UAW) dropped just 7% during the same period.
A Nansen report that tracks six major Ethereum-based NFT markets found weekly trading volumes of 600,000 ETH in June. Compared to last month, there were approximately 1.3 million ETH.
during turbulent times Trading volume for NFT flows back to the “blue chip” collection as investors take a cautious approach. Louisa Nansen research analyst Choe said.
“ETH inflows and circulations are concentrated among the major blue-chip or NFT-level collections, a phenomenon indicating a risk-reducing attitude among NFT market participants.”
However, the report also stated that Limited liquidity in the NFT market indicates a slow recovery in June may not be sustainable. In part, this shows a sharp decline in interest in NFT gaming.
“NFT Games’ regular sales were down 29% compared to the previous quarter. Meanwhile, the price of in-game assets is also negatively impacted. Due to the value of cryptocurrency tokens The cryptocurrency (cryptocurrency) associated with the game has dropped dramatically.”
Among all the top blockchain games, Axie Infinity saw an 83% user base collapse this quarter, as more than $600 million in damage hacks led to credibility collapsing.
while Splinterlands It remains the most active blockchain with 283,729 at the end of the quarter, while Alien Worlds is in second place. Players dropped only 4% in Q2 compared to the previous three months.
Additionally, non-Ethereum blockchain-based games saw rapid growth despite adverse market conditions, with Sunflower Lands on Polygon growing 10,000% to over 11,000, and Gameta on Solana ended the quarter. More than 30,000 players, according to DappRadar.
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