The amount of activity on Splinterlands is not what it seems, being that battles have lessen, yet the value has risen! Let just check this out by reviewing data from Peakmonsters.com
Transactions have remain steady throughout the transition of Soulbound reward cards even though the battles have decrease. It has been ranging around 2.1 million transactions a day.
Daily activity has also stayed consistent through the transition. With over 110k average daily users.
One really crucial part of the Splinterlands assets is in its NFTs. Its been in high demand since the start of the Soul Bound rewards. In fact it appears even the $ volume traded everyday has increase in recent weeks while the amount of card transactions has been steadily rising.
Meanwhile the overall market cap of the cards have held up pretty steady with a close range of +80mil to +84mil for the past month.
Renting cards have remain sliding on a downward trend for months. The price earned from rentals have also remain low. There just is not really solid and consistent demand for rentals even though I personally believe it is one of the best innovations from the game. Not any where had I seen a rental system be applied to NFTs like that of Splinterlands and they have done it for years! Bravo.
The amount of cards in circulation has been dwindling with Chaos packs ending while Soul Bound rewards only really increase. The promo cards line is minor as its extrapolated out of a lower base value at the thousands while the other sets are in the millions.
Overall
There is a lot of signs showing the game remains active and consistently played. Meanwhile issues such at botting and any non active player transactions have been slowed. This all leads me to believe the game has real demand and continues to hold up in value. Not a lot of crypto assets can offer such status. Looking ahead I remain optimistic that the game will continue to hold up in value and with new introductions such as land expansion and Soul Keep game I believe the runway for even greater growth is to come.
Until next time thanks for reading!!!
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