Axie Infinity: Infinite Opportunity or Infinite Peril? — Naavik

"What the above projection essentially shows is that Axie Infinity’s current revenue model is less driven by total player numbers and more driven by the pace of new player additions."

After months of incredible growth, the daily earnings of the typical player of Axie Infinity (a "scholar" in the Philippines) have fallen below the Philippines' minimum wage line for all but the high ranking players, and even they have seen earnings decline since August