With the decline of Axie, where is the way out for ChainGame?
On March 23, Ronin, the public chain behind ChainGame Axie, lost more than $600 million worth of encrypted assets due to the hacking of its verification nodes. However, a period of time has passed since the hacking incident, and the secondary disaster is still not over, and the data of Axie is a comprehensive decline. As of April 12, the floor price of Axie’s native NFT in the game dropped to $17.62, a drop of 60.56% on the 30th, and the overall transaction volume of in-game NFT dropped to $60.99 million, nearly halving within 30 days, down 46.87%. In addition to the NFP trading market, the secondary market data of NFT tokens is also a mess.
On the morning of April 12, the Axie ratio fell to $44.35, down more than 30% in two weeks. The hacking incident aggravated the selling sentiment of traders and investors, and the daily income of the game fell by more than 99.7% from the highest point. Axie’s game revenue peaked in August 2021, with a peak daily revenue of $17.5 million. After August, the overall revenue of the game began to decline, until April 12, Axie's monthly revenue only dropped to 41,700 US dollars, and in a situation where player income gradually decreased, what about Axie's ordinary players? , followed by a drop.
From the above data, it is not difficult for us to draw a conclusion that the attractiveness of Axie to players is gradually declining. In other words, Axie is losing users. For a game product, users must be the core part. Those who gain users win the world. It has always been a famous saying in the chain game industry. Any chain game that wants to become bigger and stronger cannot be separated from the power of users. With the loss of users, Axie, the king of chain games, has gradually gone downhill. However, the inability to retain users is a common problem in the field of chain games. From the original encrypted cat to Axie, there is no doubt.
The playability of chain games has always been flawed, the playability is insufficient, the economic model has collapsed, and a foundation for maintaining the economy is maintained. When the playability is gradually strengthened, the outbreak of chain games will be just around the corner. "The future direction will become more and more clear.
This article was originally published on the "MetaFarm" public platform, so stay tuned for more in-depth interpretations of the Metaverse.