Look at the data behind the sudden rise and fall of CryptoKitties

Quick Take

  • After raising more than $27 million, CryptoKitties have had less than 500 average daily users every month since May 2018.
  • The median price of CryptoKitties has gone from more than $40 to an all-time low of less than a dollar recently.
  • The weekly traded volume has also been lower than $20,000 in the last three months.

CryptoKitties, one of the first games built on Ethereum, arguably brought NFTs (non-fungible tokens) to mainstream attention. But now, more than a year later, the game has faded into obsolescence. 

CryptoKitties boomed in popularity in December 2017 — at the peak of the crypto bubble. The game consumed around 15% of Ethereum’s traffic and drove the median transaction fees to upwards of $3, which is more than 100 times higher than the current fees.