Another week passed with games filling in their promised milestones. The crypto market as a whole remains cautious, with no recent dramatic rallies. Despite this, P2E games continue building and adapting, tweaking their token models.
Prominent games this week included Sunflower Land, which within days grabbed a spot among leaders. Pegaxy continued to change its model while adding more users.
Top Events for the Week
- Sunflower Land Adds Crafting Gameplay
- Lazarus Hackers Blamed for Ronin Hack
- Moland Defense Launches in Beta Mode
- Aavegotchi Climbs Ranks on Polygon Network
Leading Games by Number of Users
Most leading games retained their spots, though Second Life took the spot of Upland with significant growth of users in the past week. The Polygon blockchain also saw its list of games shift its positions. Pegaxy slid to the fifth spot, while Sunflower Land is now the second-busiest Polygon game after Crazy Defense Heroes.
P2E Token Price Action
Weekly Winner: Splintershards (SPS) +16% week-on-week to $0.26. The SPS token belongs to Splinterlands, a game keeping up its top spot for weeks.
Weekly Loser: Smooth Love Potion -15.86% week-on-week to $0.017. SLP continued to drift sideways after losing the $0.02 valuation, as skeptics see much lower P2E potential in the Axie game.
In the past week, the total value of P2E tokens sank to $16B with most assets erasing more than 12% week-on-week. Uncertain price action from top crypto assets is also spilling over and forming a bear market for gaming tokens.
Decentraland – 10.15 traded at $2.13 after going down one rank on OpenSea for metaverse land plot valuations.
The Sandbox (SAND) – 8.64% to $2.76.
Axie Infinity Shards (AXS) – 11.64% to $47.56, still sinking on uncertainty surrounding land gameplay.
Gala Games (GALA) – 10.87% to $0.20, having some support from the launch of Town Crush, a gem-matching game aimed to test the new Gala blockchain.
WAX (WAXP) – 9.36% to $0.27, remaining the fastest and busiest blockchain for its own ecosystem of games.