CRYPTO Axie Infinity Daily Active Users Drop 45% Since 2021 Peak
Axie Infinity Daily Active Users Drop 45% Since 2021 Peak Sky Mavis’ play-to-earn game Axie Infinity experienced a downturn in daily active users even before the recent Ronin bridge hack that resulted in losses of approximately $600M. The game’s daily active users peaked in November, but fell 45% to 1.48M by March 28, 2022, according to recent data from Sky Mavis, approximately a day before the 600M hack. The fall in users has been particularly notable since December when the game was updated, and on March 23, when hackers stole $600M in ETH and USD Coin from Ronin, a sidechain enabling faster in-game transactions. December saw a rapid selloff in the in-game Smooth Love utility token, dropping the price. “Daily earnings dropped, and so did interest in the game. Those that bought in at the highs started to feel fearful and naturally doubt creeped in,” opined Martin Lee, a data journalist at Nansen. Lee adds that players are awaiting the game’s “Origin” patch that looks to re...