P2E Moon Watch: The Gaming Week in Review (July 1 – July 8, 2022)

Gameta moves in among top games, Axie Infinity Origin still among top 5.

The past week saw some recovery on the market for crypto coins, giving relief to some of the games. The P2E model remains difficult to balance, but most projects continue to build their games and offer updates or perks. The competition among top games accelerated, with more networks aiming for their share of P2E projects.

Top Events of the Week

Leading Games by Number of Users

The leading games remain almost the same, though Gameta is gaining more attention and climbing up the ranks. While some smaller P2E games take the lead for their respective blockchains, the most active ones owe their speed to WAX blockchain. Axie Infinity is still ranked among top 5 games, based on Origin free-to-play users.

GamePrevious WeekCurrent
Alien Worlds200.32K217.58K
Farmers World105.02K104.79K
Axie Infinity51.35K38.9K
Era7: Game of Truth24.4K

P2E Token Price Action

Weekly Leader: The Sandbox (SAND) up 13% to $1.23. The Sandbox had one of the more significant recoveries, taking its native token to a higher range. SAND is one of the most liquid gaming assets with a solid project behind it, looking more attractive at its lower range. 

P2E tokens recovered based on the general rally, starting with Bitcoin (BTC) returning above $21K. 

Weekly Loser: WEMIX – 4.8% to $2.61. WEMIX represents a different trading sentiment, though it remains the token of one of the most active game blockchains.

The market cap of all P2E tokens inched up to $6.8B, adding around $500M in value as most of the leading tokens rallied during the past week.

Decentraland (MANA) +7.47% to $0.90. MANA is yet to regain the $1 level, and most of the rally is due to the general market recovery and a bounce from recent lows.

The Sandbox (SAND) “flippened” AXS and rose to around $1.24, to become one of the top gainers.

Axie Infinity Shards (AXS) +6.68% to $15.02, as the game continues to reach out to its community. The success of Origin is notable even without a P2E component, and the game has added short-term tournaments and land staking as a source of income.

Gala Games (GALA) +5.63% to $0.058. GALA remains relatively stable at its current levels, working on adding games and short-term rewards during special game events.

Ethereum (ETH) recovered above $1,200, and showed its network is still viable for P2E games and NFT. Immutable X keeps building and added a tool to monetize L2 ETH tokens directly, with no need to bridge to the main network.

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