P2E Moon Watch: The Gaming Week in Review (July 8 – July 15, 2022)

While cryptocurrency markets remain volatile, projects keep building and boost their marketing attempts. Games are also ready to offer a free version and onboard players first, with multiple NFT or token offers coming from AAA-grade games. Older P2E games are also trying to offer more attractive events or earnings.

Top Events of the Week

• Axie Infinity Opens Summer Breeding Event
• Battle of Guardians Offers Token Airdrop
• Reta Wars to Launch Open Beta on July 25
• Sunflower Land with Goblin Trader Feature
• Bomb Crypto Launches New BOMB Token

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.

Game

Previous Week

Current

Alien Worlds

217.58K

218.8K

Splinterlands

172.29K

161.76K

Farmers World

104.79K

103.94K

Axie Infinity

38.9K

40.47K

Gameta

31.99K

37.55K

Upland

–

36.87K

Era7: Game of Truth

–

25.74K

P2E Token Price Action

Weekly Leader: WAXp,  -1.25% to $0.096. WAX trades on a different logic compared to other top gaming tokens. The network carries the most active games and collections, recently adding new arrivals. 

P2E tokens still suffered losses, though a bit more limited in the past week. Even leading games are using a different model with tournaments and prize pools to offer more meaningful rewards.

Weekly Loser: Gala Games (GALA) -10.07% to $0.047. Gala Games remains one of the busiest ecosystems, despite the sinking price of its token.

The market cap of all P2E tokens moved down slightly to $6.52B, within its usual range of the past few weeks.

Decentraland (MANA) -6.40% to $0.84. MANA is range-bound like the other tokens.

The Sandbox (SAND) remained in the second spot for another week. SAND is down 3% to $1.20, after a few weeks of more robust growth that surpassed other tokens.

Axie Infinity Shards (AXS) -6.45% to $14.05. Axie Infinity organized a new breeding event, with rare features potentially producing valuable Axies. The game continues to attract just a fraction of the players during previous seasons, but is hopeful for the full launch of Origin.

Gala Games (GALA) was the biggest loser among top tokens, excluding lower-ranked and very illiquid ones..

Ethereum (ETH) recovered to $1,257.97 in expectation of a merge with the Beacon Chain that would take the network closer to ETH 2.0. ETH remains the biggest source of liquidity for gaming and even flows over as wrapped ETH into other networks.