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After recording $4.26 billion in total non-fungible token (NFT) sales, Axie Infinity’s play-to-earn game’s monthly player count has fallen to levels not seen since November 2020, a 26-month period. . Despite the low number of players, the project’s native token, AXS, has climbed 62% against the US dollar in the past 30 days.

Axie Infinity’s Native AXS Token Climbs 62% Despite Continued Fall in Monthly Players

The non-fungible token-based online video game Axie Infinity once had millions of monthly players, peaking at 2.78 million in January 2022, according to activeplayer.io statistics. With January not quite over, the last 30 days show an average of 432,001 players so far. In December 2022, there were 468,805 players, a low not seen for more than two years, since November 2020.

Axie held an average of two million monthly players for eight consecutive months between October 2021 and May 2022. After May, the average monthly player count fell to 958,044, down 1,202,210 players from the previous month. Over the next four months, Axie’s monthly player count remained above 700,000, but in November 2022 it dropped to 556,058.

Axie Infinity's Monthly Player Count Drops To Lows Not Seen Since November 2020

The last month of 2022 and the first month of 2023 also saw dismal numbers. In terms of all-time NFT sales, the project developed by Vietnamese studio Sky Mavis recorded $4.26 billion in total NFT sales, more than major NFT marketplaces like Magic Eden, Looksrare, X2Y2, Rarible, and Atomicmarket.

Axie Infinity's Monthly Player Count Drops To Lows Not Seen Since November 2020

According to Data from cryptoslam.io, Axie’s Ronin channel sales have seen a 41% increase in the last 30 days compared to the previous month. Ronin sales over the past 30 days totaled $1,418,842, and Ronin is the ninth largest blockchain by monthly sales this month. Axie Infinity’s native token, AXShas performed well this month, rising 62% against the US dollar in the past 30 days.

Axie Infinity's Monthly Player Count Drops To Lows Not Seen Since November 2020

Two-week statistics show AXS is up 67% against the greenback. On January 22, 2023, AXS was trading at prices between $8.95 and $11.84, gaining 24% Sunday afternoon at 4:30 p.m. EST. AXS is the 42nd largest crypto market capitalization, with a valuation of around $1.31 billion.

Despite the recent lift, AXS is still down from its high of $164 per unit on November 6, 2021, and is down 93% since that day. The player count of the Axie Infinity play-to-earn (P2E) game is significantly lower than some of the most played games today. For example, activeplayer.io shows that the monthly active player count of Overwatch 2 was around 23 million in the last 30 days and 23 million in December 2022.

Call of Duty: Mobile Live Player had 58 502 111 average monthly players over the past 30 days and 58,001,154 in December 2022. In comparison, Axie Infinity’s player count is a small fraction of those games with very high monthly player counts. Specifically, Axie’s average monthly player count in December 2022 was 0.81% of Call of Duty’s average monthly player count.

Keywords in this story

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What do you see as the future for Axie Infinity and its native token, AXS, given the dwindling monthly player count? Share your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.




Image credits: Shutterstock, Pixabay, Wiki Commons, editorial photo credit: activeplayer.io, Axie Infinity, dappradar.com,

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