Axie Infinity Sees Mixed Progress, Active Addresses Decline But NFT Collection Grows

• The number of active addresses and network growth on Axie Infinity declined, suggesting that users were losing interest in the AXS token.
• Despite the concerning trend, the volume on Axie Infinity grew by 7.83% and the number of transactions on the network increased by 24.33%.
• The total number of buyers of its NFT collection increased, indicating that the collection was becoming more popular among users.

The blockchain-based gaming platform Axie Infinity has recently seen a decline in active addresses and network growth, leading to some concern for the future of the AXS token. This lack of interest from whales has not been reflected in the token’s price which has continued to grow, but it does indicate that the platform may be losing users.

New data from Santiment suggests that the number of active addresses on the Axie Infinity network has decreased materially. This has also been reflected in the network growth, which has gone down, suggesting that new users are turning away from the AXS token. This could prove to be a big problem for the platform, as the growth in the number of active addresses and the overall network size is essential for the adoption of any dApp and its token.

However, there have been some positive signs too. According to Dapp Radar, the volume on Axie Infinity grew by 7.83% and the number of transactions on the network increased by 24.33%. This indicates that users who are still active on the network are becoming more engaged, as they are making more transactions. Additionally, the total number of buyers of its NFT collection has also increased. It has gone from 1,212 to 2,557 over the last month, suggesting that the NFT collection is becoming more attractive to users.

The future of the AXS token is uncertain at the moment, as the lack of activity from large addresses could be an indicator of waning interest. However, the increasing volume and number of transactions are positive signs that users are still actively using the platform. Similarly, the increasing number of buyers of its NFT collection is a good indication that the collection is becoming more popular. With any luck, these positive signs will be enough to encourage more users to join the platform and help the AXS token reach its full potential.

This entry was posted in Allgemein. Bookmark the permalink.

Comments are closed.