Axie Infinity token drops by 30% in a week, players leave the project en masse

The mega-popular Axie Infinity (AXS), where you can earn tokens while playing (Play2Earn), has fallen in capitalization by almost 30% over the past seven days. During the day, the token dropped by almost 2.5%. Just last month, AXS was worth a little less than $ 75 per token, and today it is less than $ 30.

Last November, AXS hit an all-time high of $ 165.37. Today’s prices indicate a huge drop.

There can be many reasons for the decline in the game’s popularity, and most likely, each of them is another reason. Perhaps it was not the best game design of the tokenomics, especially the last update that led to a decrease in rewards for the game, the recent hack of the Ronin sidechain, with which the North Koreans allegedly earned $ 622 million, and besides, the game authors have not figured out how to interest a much larger number of people.

According to DappRadar, the number of users on the platform peaked at about 63,000 people. Today, this figure is only 12,200 people.