October Gaming Insights

NOV 07, 2022 • 16 Min Read

Joseph Lloyd

The authors have not purchased or sold any token for which the authors had material non-public information while researching or drafting this report. These statements are made consistent with Delphi’s commitment to transparency and should not be misconstrued as a recommendation to purchase or sell any token, or to use any protocol. The content of this report reflects the opinions of its authors and is presented for informational purposes only. This is not and should not be construed to be investment advice.

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State of the Market

The total market cap for all gaming-related coins reached $6.29B, up over 20% from September. However, the top-performing tokens saw a slight pullback, with only three making it into the top 100 coins by market cap.The once-popular blockchain game Axie Infinity has had a tough month as their token AXS has been on a downward trend, dropping 28% this month. The combination of a crypto bear market and reduced player earnings (compared to the end of 2021 highs) have been significant contributing factors. It is also worth noting that monthly active players have dropped back down to December 2020 levels. To Axie’s credit, new and improved token mechanics have resulted in the in-game currency SLP remaining relatively stable in price (more than 370M SLP tokens have been burnt).

Vulca

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