P2E Moon Watch: The Gaming Week in Review (August 19 – August 26, 2022)
Shifts among top 10 games saw new arrivals. Axie Infinity still within top 10, Gameta and Solitaire Blitz raise player counts.
The P2E gaming market keeps shifting, bringing in a new generation of games. Previous leaders are struggling to rediscover a viable P2E model. Their positions are taken by already developed Web2 games with an addition of a token or NFT collection. This avoids the risk of buying high-priced tokens or items without a functioning game.
New types of games also offer tournaments with a pay-in element, where the winner takes the prize pool. The P2E markets remain linked to crypto valuations, following the general treds of the Bitcoin and Ethereum markets. Gaming is also facing the upcoming switch of Ethereum to proof-of-stake, where the network will be disabled shortly around September 15-16 to switch to a new mode of block production.
Top Events of the Week
- Farmers Crypto Anounces Official Game Launch
- Gameta Opens Testing on BNB Chain
- Monsterra Goes Live After IDO Sale
- Mones.IO Launches App
- Sunflower Land Prepares for Goblin Wars
Leading Games by Number of Users
The top 10 games saw unprecedented shifts, with new arrivals and surprise rallies from previously unknown games. Axie Infinity remains in the top 10, though struggling to go above 35K players per day. Most new game launches offer a completed app and immediate readiness to earn.
Game
Previous Week
Current
188.03K
227.92K
153.83K
187.62K
Farmers World
90.13K
83.08K
Gameta
54.36K
51.54K
Upland
41.03K
37.23K
Solitaire Blitz
–
34.99K
P2E Token Price Action
Most P2E tokens took a step back in the past week. The losses were limited, as Ethereum (ETH) dipped under $1,700 again ahead of the weekend.
Weekly Lagger: The Sandbox (SAND) – 8.34% to $0.99. SAND slid over the past two weeks, erasing its previous climb above $1.30.
The market cap of all P2E tokens slid once again to $6.43B, erasing the gains from the first weeks of August.
Decentraland (MANA) -7.88% to $0.79. As with other tokens, MANA is backtracking its gains and for now abandoning hope of rallying to a new price range above $1.
The Sandbox (SAND) at $0.99, with smaller net gains but still affected by the slide of all crypto assets.
Axie Infinity (AXS) -7.72% to $13.71. AXS limits its losses ahead of the Axie Infinity Barcelona meetup in early September. The Axie Infinity game still faces challenges of providing enough income for regular players without overpowered Axies.
Gala Games (GALA) -6.00% to $0.051. GALA remains the most stagnant token, while at the same time Gala Games manages to produce and support its games with more traditional means to appeal to a wider player audience.
Ethereum (ETH) again had a small surprise crash ahead of the weekend, losing the $1,700 level again. ETH slid to $1,573.31, as BTC also lost positions. With the end of August approaching, crypto markets are wrapping up bets on derivative trading and may face significant volatility.
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