A big GameFi project like Axie Infinity already decided to stop rewards for gamers in P2E mode that means a lot. Their growth hits a cap at least temporarily so that they can not attract new capital flow into Axie Infinity game ecosystem which can not help to maintain or lift the price up.
In the Adventure mode, yes. But SkyMavis did not completely stop distributing SLP andAXS rewards to their players in the Arena mode. They just simply decreased it to rebalance the game economy[1] and buy time until Axie Infinity Origins, often known as "
V3, is fully released by the end of this month.
Right now, the only question that matters is how effective V3 is at attracting a new wave of investors considering that they have fully revamped the graphics, game economy, and the likes.
[1]
https://axie.substack.com/p/s20?s=r