We’ve been very busy the past few weeks at Covalent - we are excited to share it all with you in this mega post.

TL;DR: Axie Infinity is about to reach 10M all-time players, arguably the most-used blockchain application that is live today. We are writing a 4-part series focused around the explosive growth of Axie Infinity. This first part is a cohort analysis which highlights Axie Infinity’s sky high player growth and retention and contrasts it with the low popularity and retention of some in game functions (such as breeding). All insights are derived from on-chain data provided by Covalent.

Introduction

Axie Infinity is by far the most popular blockchain game with more than 8.3M players all-time and over 1M daily active players. The game began on the Ethereum blockchain and has since moved to a gas-free chain made specifically for the game, called Ronin. With Covalent, we could analyze data from both of these chains and look at the full evolution of Axie Infinity, but let’s focus this analysis on the recent history and the game’s explosive growth fueled by the Ronin chain.

This analysis will center around the players in each of the five categories shown in the table below. We will look at the acceleration of growth, compare new and existing users, and examine month over month player retention in each category.

TL;DR

• Ronin makes the Axie pay-to-earn (p2E) game and economy, fast, and cheap
• Axie Infinity team developed the Ronin Chain
• Developers can access best-in-class data to build dApps faster
• Covalent is the only company that has indexed the Ronin chain and is able to provide unique deep data analytics that will help blockchain game publishers make important changes to improve the experience for gamers
• Covalent’s dataset supports 25B+ transactions, 30,000+ price feeds, and 200,000+ smart contracts for querying

We’re officially into spooky season now, but there’s nothing scary about our September Community Update!

TL;DR

• 2 new blockchains indexed
• 2000+ Stake in the City participants
• 2 conferences
• 1 DAO launch
• 1000+ new Alchemists
• 3 product updates
• 2 major hackathons

TL;DR: When we started the Alchemist Program back in February this year, little did we know it would take on a shape of its own – to become one of the most vibrant community programs in web3, with 2500+ members participating from over 100 countries. The next step of the program’s evolution from being community-led to community-owned is here.

Summer may be coming to an end, but don’t worry, we’re on fire and we’ll keep you warm. 😉

VANCOUVER, August 17th, 2021 - We are happy to announce that GetBlock has entered into a strategic collaboration with Covalent, a Web3 data analytics company that provides a unified API for full transparency and visibility of assets across all blockchain networks.

This month we’ve continued to see a flood of activity and new developments in the crypto community. With so much buzz it can be challenging to stay focused, but that’s exactly what we’re doing and we’re seeing the rewards (in doubles). Here’s what happened with Covalent and the community throughout July 2021.

TL;DR: These past 4 months we have seen an amazing turn of events surrounding the Covalent Alchemist Ambassador Program. It took on a life of its own, becoming one of the most vibrant communities in crypto. We are proud to say we have a team of 2,500 Alchemists who have showcased initiatives above and beyond expectations.

The mission and vision of the program has always been to create opportunities for individuals to further their careers, receive mentorship, access educational tools not accessible in their regions, have a safe space to grow, and more. At Covalent we understand the importance of focusing on community and allowing it to scale and is why we decided to allocate 1% of our total Token Supply to this program.