Method

I examined These parameters:

• Total Swaps From Project tokens
• Total Swaps to Project tokens
• NFT sales
• Daily Transfers of project tokens

\

Total Daily Swaps ( To Tokens)

• The buyer of tokens is more important than the seller of tokens during the bear market.
• This chart shows actually buy activities of Gene, GMT, or Ki.
• The total swaps to GMT are decreasing every day.
• From daily 500K-1M swaps to GMT, it reached 5K-10K swaps.
• Gene token has the better position in comparison to GMT.
• The total swaps to GMT decreased but we can see a little growth recently. and Also, the drops were lower than GMT.

Daily Transfers

What Will You Read?

In this analysis, you will read about the Moving to Earn project in the bear market. I examined two famous Moving to Earn projects on Solana. Genopets and Stepn.

What is Genopets?

Genopets is an upcoming play-to-earn (P2E) game being built on the Solana blockchain. It aims to incentivize players to better take care of their minds and body through the clever use of blockchain technology and progressive gameplay mechanics.

** \n What is Stepn?**

StepN is a fitness app similar to other activity-tracking apps like Strava that keep a record of the distance you've covered during a given exercise session. But with StepN, users are able to earn crypto while doing so.

Analyzed By Hess - Reading Time Almost 9Min

\n

NFT Sales

\

STEPN NFT Sales

• After a spike at end of the May, the total average number of sales decreased to 3K daily.
• Before that, It was above 10K daily.

\

Total Swaps From GMT, GENE, and KI

• GMT swaps dropped to near 50% recently in comparison to April. Some days dropped more than that but the average daily is 20-30K swaps from GMT.

• GENE Swaps dropped to. From daily 500-700 swaps from Gene, decreased to 100-150 swaps daily.

• Ki Token launched recently and it’s not useable right now.

  \

• GMT has 509K unique swapper since January 1st and Gene has 40K unique swappers.
• The Cumulative swaps of GMT reached 2.6M and for Gene reached 149K.

Genopets Crystal NFT

The trends of Genopets crystal nft are over.

We can barely see sales from the crystal Collection.

Maybe the Bear market impacted or Maybe other thing but in my opinion, it’s not related to the bear market and because of the genopets Habitat minting finished.

Daily Transfer Sol to STEPN APP

• We can see a huge drops since May 29th. The total amount of Sol is decreasing every day.
• Recently reached 30-35K daily.
• Also, The total number of users dropped 50%.

Conclusion

• Like any other platform or project, The bear Market impacted on Move to earn games. Most users prefer to stay away from market because there isn’t too much real buyer and seller. Whales with FUD try to buy every valuable thing like NFTs at the lowest price possible.