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

Ethereum (ETH) remains above $1,600, helping P2E tokens avoid deeper losses.

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

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.

GamePrevious WeekCurrent
Alien Worlds227.92K175.32K
Farmers World83.08K81.77K
Solitaire Blitz34.99K33.96K

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.

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