Yes. About 1 in 700 players can make a living off of it. It's zero-sum, of course. Many of the losers don't know they lost yet, because they haven't cashed out. This is typical of a Ponzi scheme.

The bottom already fell out of Smooth Love Token.[2] The Axie Infinity governance Token is down a bit after a big runup.[3]

"Daily Earnings of Typical Axie Infinity Player Fall Below the Philippines’ Minimum Wage Line".[1]

[1] https://block2block.io/daily-earnings-of-typical-axie-infini...

[2] https://coinmarketcap.com/currencies/smooth-love-potion/

[3] https://coinmarketcap.com/currencies/axie-infinity/