As sandbox usage declines, is Memeinator the next big thing?

Sandbox is one of the most prominent players in the crypto industry. Along with Axie Infinity and Decentraland, the network was a leading player in the gaming and NFT industry.

Sandbox users are slow

Lately, however, the ongoing crypto winter has affected the crypto gaming industry, with popular platforms seeing slower user metrics. Dapradar's latest data shows that the network has had 2.85k Unique Active Wallet (UAW) interactions with the platform in the last 30 days.

The number of transactions in the ecosystem jumped more than 28% to 3.6k, while the total volume fell by 15.5% to $2.26 million. Another important data shows that the total value of coins in the platform dropped by 0.58% to $23 million. These numbers pale in comparison to what it was during its peak.

The sandbox is not alone. Decentraland, a pioneer in the industry, has done worse. It only had 2.28k active wallets and processed 40.24k transactions. The total amount in his platform was only 19 million dollars.

There are several reasons why Sandbox and Centralland have seen their users drop over time. First, unlike during the pandemic, many people are now back to work and have no time to play.

Second, many Decentraland and Sandbox players are disappointed by poor returns in the sector. Mana and sand prices are down more than 80% from their peak.

After all, interest rates have jumped to multi-decade highs as the Fed battles high inflation. Risky assets such as Sandbox and Decentraland underperform in high interest rates.

Meminator continues to excel.

Meanwhile, Memeinator, an upcoming meme coin continues to defy gravity. The platform has raised over 695k in the past few weeks as investors continue to pile in. After their goal is listed on key exchanges such as Binance and OKX, the price will increase.

Memeinator is a meme coin that combines aspects of gaming and artificial intelligence. These technologies help to create utility in the ecosystem, making it one of the highest performing platforms.

Memeinator aims to capitalize on the momentum that has propelled meme coins like Shiba Inu and Dogecoin to become the biggest players in the industry. It also aims to use technologies such as AI to increase its market share and beat existing tokens.

After all, there is a possibility that the MMTR token will fare well in the next crypto bull run. This run is fueled by the Bitcoin ETF, the Bitcoin halving and the Federal Reserve's change of tune. You can buy MMTR tokens here.