Play to Earn (P2E) Token Trading Volumes Plummet by 98% Since November 2021 Bull Market Peak
08/07 13:30
Trading volumes for top Play to Earn (P2E) tokens have plummeted by 98% in June and July compared to the peak of the bull market in November 2021. The P2E concept gained popularity during the last bull market's peak but has struggled to maintain momentum, resulting in decreased interest in trading them. Kaiko Research data shows decreased activity in key tokens, including Axie Infinity (AXS), Enjin (ENJ), Gala Games (GALA), and The Sandbox (SAND). Despite this, there is still potential for growth in P2E tokens with unique use cases, such as 'vote to earn' tokens like Love Hate Inu.
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Disclaimer:The content above does not represent HTX's positions.,HTX does not provide any trading recommendations.。
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