If you are reading this you are most likely played the game as a scholar or a manager. Almost everyone here knew Axie Infinity well if you want to earn while playing then you have not missed Axie Infinity the game that promised to change the world. So, what happened to this game and what gone wrong?
On our chart it shows that Axie Infinity lost over half of its player base a total of 1.5 million player lost in just 3 months. In June they have lost 1.2 million players alone and the decline continues even after the released of Axie Origin that almost everyone is waiting for – in hope to somehow lighten up the Axie economy but bear season came and no crypto currency can escape. SLP and AXS value continue to decline and the Axie Origin has not made any dramatic changes on the economy in fact it became even worse why it doesn’t have the functionality to burn SLP which everyone is hoping for.
Axie Player Count Chart
Check out more details about this chart here.
SLP is the cryptocurrency Axie gave to their players when they win a match – this is the main reason why people play the game since SLP has its value and can be exchange with real world currency but with the SLP supply soaring high and no means of burning it well you guess it supply and demand law applies, SLP value declined understandably and eventually people lost the means of play the game and its easy for them to forget about it since most of them have not invested any money on the game and just play as a scholar.
Today, SLP ciculating supply is at 43,093,032,604 and current value as of this posting is $0.005293 it peak at almost $0.20 which catched everyone’s attention and poured money on the game eventually losing it after few months. Don’t get me wrong thousands made hundred of thousads of $$$ from the game most of them are the early adopters that believed on the game and invested on the early stage.
But the majority of the game investors are not early in fact 70% of the players only entered the game because its the most hyped game and its values are soaring high.
Many Small Changes Have Made
During the SLP decline and complained that the developers are not doing the best and ignoring their cry. But, I really believe that they want to get SLP back up again as much as the player do. They made a lot of small changes and brings small gains on the SLP value such as the Axie Burn – where you can burn your Axies to help ease the supply for SLP, doubling the SLP required SLP and AXS for breeding and most of them didn’t took long before the SLP supply catches up and drag it again.
Those are small changes and real change is the Axie: Origin…
Axie Updates to Axie: Origin
Axie Origin was eventually released and a lot had a big hoped on the release most talked about its the holy grail of getting SLP back up again but it got everyone hope crashed when it turned out its not what they hoped it to be – NOT YET.
Even after its release in April 7th, 2022 Axie players base continue to decline day by day.
Axie: Origin primarily targets players to just play the game without getting something in return from it like the original version of the game where players can earn money. Just play the game normally invest your money and don’t expect anything in return.
The Real Update
Today, as of this writing SLP and AXS value rose because of their update which is what everyone is waiting for. On the Origin where they added SLP and AXS rewards and added a feature where they can mint Runes and Charms using SLP now this is additional burn mechanism for SLP and eventually help SLP value to rose back up again. They also added a total of 60,708 AXS as a reward to high ranking players on the current season.
Together with this updates they also removed the SLP and AXS rewards on the original Axie version completely killing it and put all the focus on the Origin.
I guess we will see in the coming days how these changes will affect the Axie economy. What you think about these changes? Will this save the Axie economy or not?