Notably, there was a 59% increase in Unique Active Wallets utilized on the AXS network, according to. For context, the metric described how interactive users have been with decentralized applications on a smart contract platform.
While it did not translate to daily active users, it meant a rise in gaming activity and in-game AXS NFTs.This was the case until 14 January. However, information from the global dApp tracker showed that there has been a decline in active wallets interaction. At press time, the UAW had decreased 5.79% in the last 24 hours. This decline also made the transactions fall, as their volume shredded to $743,290.
The dip in volume further spread to the discernment towards AXS. According to Santiment, the total sentiment regarding Axie was -0.255. ThisDespite the decrease, on-chain data showed that AXS’s circulation in the last seven days was up at 2.31 million. This increase inferred an improvement in AXS exchanged between wallets within the aforementioned period. However, a further spike could propel short-term sell pressure for the token.