Blockchain games or play-to-earn (P2E) platforms remain dominant within the larger Dapp industry. In fact, a blockchain gaming report by DappRadar found that the sector’s dominance increased from 42.9% in Q4 2022 to 45.6% in Q1 2023. What about AXS though? Here’s an Axie Infinity Price Prediction. 

Unfortunately, Axie Infinity, one of the P2E games with notable growth back in 2021, didn’t even make it to the top 5 games in Q1 2023. Alien World led, followed closely by Splinterland. 

The loss in network traction amidst increased competition dented Axie Infinity’s native token – AXS – too. 

AXS is yet to break a key long-term trendline resistance on the daily chart to signal a bullish return. 

So, to what extent did the network traction decline affect AXS’s price performance in 2023? 

Is your portfolio green? Check AXS Profit Calculator

AXS’s UAWs in 2023

One way to track blockchain games’ popularity and traction are through UAW (unique active wallets) and user activity. 

For perspective, Alien World, the top-performing P2E in Q1 2023, had an average of 223k daily UAWs (dUAWs). For Axie Infinity, the UAWs hovered around 10k. 

The highest UAWs Axie Infinity hit in Q1 2023 was 17.98k on 23 January, according to DappRadar. After that, the blockchain gaming platform has seen dwindling UAWs. 

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Author: Suzuki Shillsalot

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