P2E Moon Watch: The Gaming Week in Review (August 26 – September 2, 2022)

The P2E gaming market keeps attracting projects with well-developed games. Networks like WAX, WEMIX and C2X build their own families of games, boosting the chance for a complete gameplay with an added bonus of NFT items. 

On the market side, crypto assets benefit from the ability of BTC to keep above $20,000 and avoid sinking to a lower range. P2E tokens continue to move with different trajectories, though most have lost about 90% since their peak value.

Top Events of the Week

• Pegaxy Adds Crowned Pega
• Baseball Superstars 2022 Offers New Rewards in September
• Sunflower Land Counts Down to Goblin Wars
• Imperium Empires Launches Apollo Season 2
• Shatterpoint Prepares for Launch

Leading Games by Number of Users

The top 10 games again saw some flux, with Benji Bananas entering the top 10. Benji Bananas spiked due to activity on distributing its PRIMATE token and briefly displaced Axie Infinity. Gameta also moved into the top 3 of games.

Game

Previous Week

Current

Alien Worlds

227.92K

175.32K

Splinterlands

187.62K

136.57K

Gameta

51.54K

119.54K

Farmers World

83.08K

81.77K

Upland

37.23K

38.34K

Solitaire Blitz

34.99K

33.96K

P2E Token Price Action

P2E tokens remained stagnant in the past week, with limited change. The overall losses were not deep, but almost no asset made a move. 

Weekly Lagger: The Sandbox (SAND) – 5.63% to $0.93. SAND slides for the third week in a row, abandoning its gaing above $1.

The market cap of all P2E tokens slid once again to $6.29B, following the weakness of ETH prices.

Decentraland (MANA) -1.93% to $0.78. MANA followed the general trend and kept inching down, with no significant news to boost the token.

The Sandbox (SAND) at $0.93, again making losses for several consecutive weeks.

Axie Infinity (AXS) +1.83% to $14.03. AXS gets a boost from the upcoming Axie Con in Barcelona, with a large-scale tournament and significant prizes.

Gala Games (GALA) -2.48% to $0.050. GALA moves sideways, despite the Gala Games drive to introduce some of the most complex P2E games.

Ethereum (ETH) remained above $1,600, but the upcoming Merge event around September 15 fails to create major hype. ETH still drives major games and is the main source of staking for DeFi, which helps retain value for gaming tokens.