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

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.

GamePrevious WeekCurrent
Alien Worlds188.03K227.92K
Farmers World90.13K83.08K
Solitaire Blitz34.99K

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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