Skip to main content

Play-to-Earn Blockchain Game Axie Infinity Surpasses $4 Billion in All-Time NFT Sales

Play-to-Earn Blockchain Game Axie Infinity Surpasses $4 Billion in All-Time NFT Sales

This week, Axie Infinity, the blockchain-based online video game crafted by the Vietnamese software studio Sky Mavis, surpassed $4 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn (P2E) game launched in 2018 is the third-largest NFT platform in terms of all-time sales.

The Sky Mavis Crafted Blockchain Game Axie Infinity Records More Than $4 Billion in Lifetime NFT Sales

The Ethereum-based video game Axie Infinity has been very popular during the last 12 months as the P2E pet training world has seen significant demand. The game’s native digital currency axie infinity (AXS) has increased by 2,544% against the U.S. dollar over the last year.

On the other hand, smooth love potion (SLP), hasn’t been so lucky and is down 70% in value year-to-date. Metrics indicate that there’s 53,502 AXS token holders today and out of 166,870 Axies there are 45,276 Axie owners.

This week, NFT metrics show, the project developed by Sky Mavis captured more than $4 billion worth of all-time NFT sales. Today, the average Axie Infinity sale price is $198.77 and the project has seen 1,905,222 traders, according to lifetime statistics.

With approximately $4.14 billion in all-time sales recorded at the time of writing, Axie Infinity is the third-largest NFT project in terms of all-time sales. The game’s NFT sales are below Opensea’s $21.85 billion and Looksrare’s reported $16.85 billion.

Despite the All-Time Sales Milestone, Axie Nft sales Are Down 40.58% During the Last Seven Days

While Axie Infinity is an Ethereum-based project, the game leverages the Ronin network so the network can scale without high fees and congestion issues. At the time of writing, the cross-chain Ronin Bridge has $3.3 billion total-vale locked, and it is down 15% since last week.

Statistics indicate that the Ronin-based decentralized exchange (dex) Katana is the fourth largest decentralized finance (defi) exchange in terms of volume. Katana has seen $30.8 million in 24-hour trade volume and has a balance of $475 million.

Even though all-time Axie Infinity NFT sales have crossed the $4 billion mark, sales are down 40.58% during the last seven days. Weekly statistics indicate Axie Infinity has processed $19,815,670 in sales via the Ronin blockchain. Axie NFTs last week saw 91,940 buyers across 267,906 transactions.

24-hour Axie NFT sales metrics show the project has seen $2.2 million in sales from 17,731 buyers. While Axie is the third-largest in all-time sales, it’s the fourth in 24-hour terms and the fifth over the last seven days. Over the last month, Axie placed eighth out of the top ten projects in terms of 30-day NFT sales.

What do you think about the blockchain gaming project Axie Infinity surpassing $4 billion in all-time sales? Let us know what you think about this subject in the comments section below.



from Bitcoin News https://ift.tt/cbnmA6B
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more