The decline of Axie Infinity

Quick Take Axie Infinity was a pioneer of play-to-earn gaming and became immensely popular last year. But indicators of popularity — the average cost of an Axie, total NFT sales and daily active users — have since plummeted. What happened?

Timeline of Axie-infinity

It's been a while since the crypto community witnessed the unfortunate Ronin Network hack on 29 March. The blockchain underlying the popular crypto game Axie Infinity lost 173,600 Ethereum (ETH) and 25.5 million USDC.

It is the sad reality of life that heralding an innovation in a particular space does not always mean one would forever remain on top. Known to have popularized the adoption of the play-to-earn gaming model in the blockchain space, better days appear to be behind Axie Infinity.

Axie Infinity's SLP token value reached zero and the markets are crashing with every other asset being in the red for the longest time so let's read more today in our latest altcoin news. The currency was going down since the market got saturated by players rushing to the game and the SLPs are now

Binance's Zhao says Axie Infinity handled its crisis after the Ronin attack better than Terra did, saying he is disappointed in how the Terraform Labs team handled the collapse so let's read more today in our latest Binance news. Binance's Zhao says Axie handled the crisis better and he is disappointed in the way of

Crypto markets are crashing and it seems every other digital asset has been in the red for the longest time – including Axie Infinity's Smooth Love Potions (SLP) which is now at a sob figure of zero. The currency has been going down, especially since the market is saturated by players rushing to the game.

Axie Infinity released the origin android APK and the new Origin update brings a number of upgrades and bug fixes to its network so let's read more today in our latest blockchain news today. Axie Infinity shards appear to be one of the only cryptos to trade up in the past 24 hours and despite

Axie Infinity's price is shattering the support levels as it falls off a cliff. This massive downswing is a result of two reasons – the market condition and a top reversal pattern formed over the course of eight months.

Digital currency ecosystem company BTCS, a pioneer in the blockchain and digital currency ecosystem, announced the addition of blockchain-based game Axie Infinity to its blockchain infrastructure operations.

Today's Axie Infinity price analysis is bearish as the market has not been able to move beyond a key resistance level at $49.3. The trading price of AXS is currently at $29.7, and the market looks set to continue its downward trend in the near term.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The buyers finally increased their intensity by cooling off the sell-off situation and finding dependable grounds at the $28-zone over the last few days.