Try Quests to earn SOLMoving to Earn in the Bear Market
Introduction
Move-to-earn systems reward users for staying fit by unlocking an additional income stream for participating in their typical exercise activities or taking part in fitness-related contests. STEPN users need shoes tied to a blockchain wallet. STEPN users can earn by running or walking outside. Move-to-earn rewards players with cryptocurrencies by playing games.
How these apps produce incentives varies by platform, but almost all pay users in native utility tokens for fitness-related activity like walking, jogging, or swimming. This data is normally tracked by a mobile phone or fitness tracker before being sent to the move-to-earn app. Earned tokens can be swapped for goods and services within the app or sold/traded on an internal marketplace or external exchange.
STEPN has significantly grown. Binance and Coinbase support it. Why did they attract large investors when Genopets was in the sector before STEPN? STEPN completed the product before launch and the interface was straightforward. Binance announced that STEPN would launchpad on Binance after STEPN won "The Solana Ignition Hackathon." This brought up Move-To-Earn. Other move-to-earn projects are competing with STEPN for market share.
Method
In this analysis, we're doing an analysis of Compare Genopets and Stepn that and are two of the most popular games in the field. Each of their own NFT ecosystems and two native tokens ($GMT and $GST for StepN, $GENE and $KI for Genopets) are compared in terms of users, token flows, and NFT volume.
To achieve the goal of current dashboard I used ***solana.fact_transfers ***table and calculate the mentioned metrics as same as below results.
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Q96. Move to Earn projects have been growing in popularity, especially on Solana after the explosion of StepN.
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Projects like Genopets and Stepn both won Solana Hackathon awards and are two of the most popular games in the field. Each of their own NFT ecosystems and two native tokens ($GMT and $GST for StepN, $GENE and $KI for Genopets).
Compare these two projects in terms of users, token flows, and NFT volume. How can these tokens stay popular in bear market and build their own resilient gaming economies?
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Conclusion
The In flow on Stepn are significantly more than Gnopets,
The Growth of unique user in Stepn are most.
but both of this two metrics are in a downward trend in last 3 month.
The Serum are the most popular dex for Stepn Tokens, in contract Genopets native tokens are swaps in Jupiter in most.