Kraken Intelligence released its May report on the profitability of various tokens. It shows that only two sectors in the crypto world made profits year over year. These are the tokens of metasites and cryptocurrencies.
Winners
The first category includes all service tokens, which are used in metaversies for payments, gaming elements or rewards.
Kraken mentioned Decentraland (MANA), Sandbox (SAND), Axie Infinity (AXS), Apecoin (APE) and STEPN (GMT) coins among them.
The second category is cryptocurrency exchange coins. On average, they grew by 6% over the year. Of course, they are far away from the indicators of metaversies. But at least investors are not in the loss. What cannot be said about other assets.
Losers
The biggest losers were mem-tokens and DeFi-linked coins. Investments in them yielded -72% and -62%.
Bitcoin investments also resulted in negative balances (-13%).
A big drop in 30 days
Kraken Intelligence assessed the market on a one-year horizon. Looking at a 30- and 90-day perspective, all token groups made a loss.
In May, the value of metaversies coins fell 42%. Tokens from the Level 1 (L1) category were also hit hard. BTC (-17%) and exchange tokens (-20%) showed the smallest losses.