ChainCatcher reported that according to a Tiger Research report, the number of Web3 game users in Southeast Asia has dropped significantly due to the overall price drop in the cryptocurrency market. Many players in the region have invested too much in P2E games, and even borrowed money to participate, resulting in capital losses and large-scale exits from the market.

In fact, an analysis of the network traffic of major Web3 games in the past three months shows that countries such as the Philippines and Indonesia are still the core user base. The number of players from Southeast Asian countries in the channel selection of the Web3 game "Pixels" in Discord is significantly higher, accounting for about 53% of the total number of players.