#axie infinity
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Trading volumes for top P2E tokens are down 98%
Kaiko Research’s data highlights reduced engagement in prominent tokens:
“AXS, the governance token of the Axie Infinity ecosystem is down more than 90% since early 2022 and SAND, MANA and GALA tokens have seen a a similar drop in value.”
Analysts point out that monetary incentives were a primary motivator for users, but these platforms faced challenges in maintaining their user base due to diminishing in-game rewards. 
A New Game from the Axie Infinity Creators
The company behind the popular P2E game Axie Infinity, Sky Mavis, has announced a partnership with the NFT collection CyberKongz. Their joint venture will entail developing a new game on the EVM-compatible blockchain Ronin.
While the details of the new venture are yet to be disclosed, it has been revealed that CyberKongz's game, Play & Kollect, will also be migrated to the Ronin network. 
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