P2E and Web3 Weekly Review (January 28 – February 3, 2023)

Multiple games reached their launch in early 2023, showing there is still a queue of projects with Web3 features.

P2E games remain diverse, with new arrivals taking the top spots in terms of social media noise. Some of the older games keep up the pace, after reinventing parts of their token and GameFi aspects. Crabada is one of the games to discontinue one of its main staking mechanisms, not accepting new deposits. Axie Infinity keeps switching to item rewards, moving to Mystic rarity in the middle of the past week. 

Top Events of the Week

Leading Games by Number of Users

The player count on top games remains close to their usual range, with the exception of Splinterlands, which has a hiatus and its user count is more than 51% down. Top 20 games have more of a turnover, and host the newly emerged Web3 games that gained popularity in 2022. The leading games achieve success through regular small-scale challenges and regular tournaments that keep up the activity numbers.

GamePrevious WeekCurrent
Alien Worlds246.65K248.04K
Farmers World74.99K76.32K
Planet IX99.22K45.8K
Play Mining20.17K20.63K
Axie Infinity14.12K12.64K

P2E Token Price Action

The market cap of all P2E tokens kept rising to $6.73B, after the recovery of the entire crypto market, with ETH above $1,600.

Upcoming Airdrops and Giveaways

Avoid using solicitations for mints through direct messages. Always use an empty or almost empty wallet for new mints. Not all free NFT collections guarantee increasing market prices. Other sources of free mints include games that are play-and-earn, as well as events with NFT prizes.

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