P2E Moon Watch: The Gaming Week in Review (July 29 – August 5, 2022)

The selection of top games is shifting and becoming more independent from the fluctuations of the crypto market. The newest batch of games is showing that P2E is here to stay, but there are new contenders for top games with higher demands on product completion. Instead of games selling tokens first, the new most active games include already completed desktop or mobile versions, which are adding a token component on the side. Over the past months, networks like Solana also went through a boom of new projects.

Top Events of the Week

• Sunflower Land Tests Land Expansion
• Crabada Presents New Terms of Service
• Metarun Renews Closed Beta Access
• Synergy Land Expands Demo Stage
• 8K Solana Wallets Directly Targeted in Exploit

Leading Games by Number of Users

Top games remain roughly the same, with heightened competition for which game to enter the top 5. Newer P2E games also have player activity that is not reflected on the blockchain, as not all in-game events cause a blockchain transaction. Farmers World, which was one of the busiest games, is no longer tracked by DappRadar.

Game

Previous Week

Current

Alien Worlds

244.58K

230.48K

Splinterlands

145.99K

146.19K

Gameta

47.49K

54.72K

Upland

39.31K

39.1K

Axie Infinity

32.36K

27,75K

Era: Game of Truth

26.59K

26.91K

Farmers World

107.26K

No tracking

P2E Token Price Action

Weekly Leader: Gala Games (GALA),  +11.05% to $0.06. GALA remains at a low per-unit price, though still joining the recovery this week as traders were still on the lookout for valuable tokens. Gala Games is also one of the more resilient gaming platforms with representation on mainstream gamer services.

Weekly Lagger: Axie Infinity (AXS) up 0.28% to $17.89. AXS bounced off its lows, though the asset is still waiting for more positive news on game adoption.

The market cap of all P2E tokens increased to $7.83B for another week in a row, as the market recovery continues with small additions.

Decentraland (MANA) +7.40% to $1.03. MANA finally broke above the $1 tier and remains one of the most liquid gaming tokens.

The Sandbox (SAND) -0.27% to $1.31. SAND remained almost unchanged, preserving the gains from the past two weeks.

Gala Games (GALA) +-11.75% to $0.06, moving slightly above its usual range to become the week’s leader in percentage gains.

Ethereum (ETH) had a more turbulent week, slipping to the $1,500 level and later regaining to $1,663.50. Bitcoin (BTC) also drove the markets, moving around $23,000. Gaming tokens, however, remain relatively stable despite the pressures of the bear market.