Over half a million active users in the last seven days
Having spent much of 2021 in the shadows of possibly newer, and more shiny play-to-earn blockchain games. Veteran NFT-based card battle game Splinterlands is enjoying sustained success as we head into 2022. Week on week, the dapp attracted north of half a million unique active wallets that completed over 18 million transactions. Placing it firmly at the top of the blockchain game rankings on DappRadar at the time of writing.
With over 527,000 unique active wallets connecting to Splinterlands, the trading card game claims the top spot in the charts. While direct competitor Alien Worlds saw its user activity decline by 19.5% over the past 7 days, while Splinterlands recorded a 2.85% increase.
Having already surpassed Alien Worlds, Axie Infinity, Bomb Crypto, and Upland, Splinterlands is certainly heading in the right direction. Arguably, there are several strong stimuli that point towards an explanation for increased activity.
SPS Brings Crowds
2021 saw the launch of Splinterlands native SPS token, the beginning of an SPS airdrop, and more. Arguably the arrival of the token and playing rewards is what propelled the already successful game to new heights amidst the clear play-to-earn trends observed in the latter half of 2021. 2022 is hopefully the year that the full utility of the token gets realized. Both the governance aspects of the game as well as the ability for players to participate in future game content and promotions are high on the agenda in 2022. Additionally, the 2022 roadmap outlines some interesting developments that could positively impact the price of SPS that may be contributing to the peaks observed.
SPS Scarcity, NFT Land and Staking
Both the airdrop and the distributions to the private sale investors will be ending in the coming months. At which point the rate at which new tokens are minted and distributed will drop substantially, even when accounting for more of the reward pools coming online. The private sale investor distributions amount to 20 million SPS per month and those are scheduled to end in April 2022. At which point no more SPS tokens will be distributed to private sale investors. The airdrop amounts to 33,333,333 SPS tokens per month and will end in July of 2022.
In total, that’s over 53 million fewer SPS tokens that will be distributed each month. Starting in the second half of 2022, a rate that will continue to decrease by 1% each month going forward. In a nutshell, no more SPS being minted will mean SPS becomes scarcer and in turn, likely more valuable.
Splinterlands plans on implementing the SPS reward pool for ranked battles around the time that the airdrop is scheduled to end. So that players can continue to earn SPS through their card collections via battles. Moreover, while the land economy details are still in the process of being developed and will be released as soon as they are available. One thing Splinterlands assures players is that staking SPS tokens will feature heavily into the land expansion’ in order to get the most out of land resources.
Splinterlands expect the land expansion, once fully developed, to be groundbreaking in terms of providing real value and utility to NFTs through their ability to exclusively mint new types of cards that can be used in the Splinterlands card game battles.
These actions combined with further features outlined in the 2022 roadmap will create a situation whereby there is a finite amount of SPS in circulation and players will inevitably stake SPS to reveal the full functionality of held lands. Leading to positive demand for the native token and potentially stimulating the price of SPS positively.
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds ETH, BTC, AGIX, HEX, LINK, GRT, CRO, OMI, IMMUTABLE X, ENS, GALA, AVASTR, GMEE, CUBE, RADAR, FLOW, FTM, BNB, SPS, WRLD, and ADA.