This week, Axi Infinity, a blockchain-based online video game created by Vietnamese software studio Sky Mavis, crossed $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 sales till date.
Sky Mavis Upsells Blockchain Game, Axi Infinity Records Over $4 Billion in Lifetime NFT Sales
The Ethereum-based video game Axie Infinity has been very popular during the past 12 months as the world of P2E pet training has seen significant demand. The game’s native digital currency Axi Infinity (AXS) is up 2,544% against the US dollar over the past year.
Smooth Love Potion (SLP), on the other hand, hasn’t been so lucky and is down 70% in value year-on-year. Metrics indicate that today there are 53,502 AXS token holders and 45,276 Axie owners out of 166,870 Axies.
This week, shows NFT Metrics, the project developed by Sky Mavis has captured more than $4 billion in NFT sales so far. Today, the average Axi Infinity selling price is $198.77 and the project has seen 1,905,222 traders according to lifetime data.
With sales of approximately $4.14 billion recorded at the time of writing, Axi Infinity is the third largest NFT project in terms of sales to date. The game’s NFT sales are well below OpenC’s reported $21.85 billion and LuxCare’s reported $16.85 billion.
Axi NFT sales down 40.58% during last seven days, despite all-time sales milestone
While Axi Infinity is an Ethereum-based project, the game leverages the Ronin network so that the network can scale without the issues of high fees and congestion. At the time of writing, the cross-chain Ronin Bridge has a total lock-in of $3.3 billion, down 15% from last week.
Statistics show that the ronin-based decentralized exchange (DX) Katana is the fourth largest decentralized finance (DFI) exchange in terms of volume. Katana has seen $30.8 million in 24-hour trading volume and has a balance of $475 million.
Even though the all-time Axi Infinity NFT sales have crossed the $4 billion mark, the sales have declined by 40.58% during the last seven days. Weekly data indicates that Axi Infinity has processed $19,815,670 in sales via the Ronin blockchain. Axi NFT saw 91,940 buyers in 267,906 transactions last week.
The 24-hour Axi NFT sales metrics show that the project has seen sales of $2.2 million from 17,731 buyers. While the Axie is the third biggest in sales so far, it is fourth in terms of 24 hours and fifth in the last seven days. During the last month, Axi ranked 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, which has generated over $4 billion in sales so far? Let us know what you think about this topic in the comment section below.
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