The crypto market is dominated by play-to earn (P2E), which accounts for more than half of all active wallets. FollowedDappradar connected to the blockchain-based games during the first quarter 2022. Games like — even with last month’s catastrophic Ronin Bridge hack — Pegaxy, Alien Worlds and others continue to put up millions of dollars in trading volume in the previous 30 days.

Even with this being said, it is more obvious that some P2E gaming platforms are not sustainable in terms of the tokens’ performance. AxieInfinity is an example. Their Smooth Love Potion is at depressing levels. This has caused further drops in the number of unique wallet addresses which interact with this game for the third consecutive month.