Moving to Earn in the Bear Market

    Introduction

    Move2earn games allow users to earn cryptocurrencies or tokens when they exercise/move creating an incentive may compel people into embracing a healthy lifestyle, move to earn games essentially strive to get more people to exercise.

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    Method

    1. For Minting stats I used solana.core.fact_nft_mints table for stepN with 'STEPNq2UGeGSzCyGVr2nMQAzf8xuejwqebd84wcksCK' AS PURCHASER, I calculated it for three duration : Total, last 60 days, last 30 days. And for genopets I used this table to with

      'GenoS3ck8xbDvYEZ8RxMG3Ln2qcyoAN8CTeZuaWgAoEA' AS PURCHASER

    2. for volume, I collected the item address for stepN from

      solana.core.fact_nft_mints table, then with solana.core.fact_nft_sales table I calculated the sale volume of stepN NFT items. And for genopets I collected the address of the items from

      solana.core.dim_labels table

    3. for tokens flow data, I Used solana.core.fact_transfers table and calculated daily total transferred amount, count of transfers and average amount

    4. for finding genopets active user data, I used solana.core.fact_transactions table and token contract of gene, each user had contact with this contract I considered it as active user. For stepN I used this table and this address : ‘STEPNq2UGeGSzCyGVr2nMQAzf8xuejwqebd84wcksCK’, users that had contact with this address are active users of stepN

    Questions

    1. How can these tokens stay popular in bear market and build their own resilient gaming economies?
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    NFT Sale Volume


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    Token Flow


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    User Activity


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    Minting stats


    Information:

    1. unlike genopets the minting process on stepN still active and users minting daily, we can see this in difference between total minted of both project in the last 30 and 60 days

    Information:

    1. the sale volume of stepN items is nearly 2x the volume of genopets item

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    2. we can conclude from these graphs and numbers that the hype over stepN is bigger than genopets and user attracted more to invest on this project

    Information:

    1. For genopets: the flow activity of ki token start on Jun 20, 2022 and before that there was no activity and because of that there was a high activity on this day.
    2. For stepN: there was a big jump in GMT token flow on May 22, 2022, and May 23, 2022

    Information:

    1. for genopets: the count of transfers that create a jump on Jun 20, 2022 in KI token flow was only 6 TX, from that we can conclude that this transfers belongs to the project
    2. for stepN: most of the transfers count of StepN belongs to GST Token,
    3. there was decrease in count of transfers for both of the projects due to condition of market,

    Conclusion

    1. the daily active users drop due to condition of market
    2. they can attract more users during bear market with improving their platform experience

    Information:

    there is continuing decrease in daily active users from Jun 18 until current date

    Information:

    there is continuing decrease in daily active users from Jun 21 until current date