Axie Infinity NFT game revenues are 3.5 times higher than the revenues of the entire Ethereum network

Axie Infinity players paid more commissions than Ethereum users. According to the Token Terminal analytical platform, the commission revenue from the Axie Infinity on-chain game has surpassed the revenues of the Ethereum blockchain network by almost 3.5 times.

In addition to Ethereum, the Axie Infinity project turned out to be several times more profitable than the stablecoin hub MakerDAO and the market maker PancakeSwap. As Sky Mavis COO Alexander Leonard Larsen told The Defiant, Axie Infinity’s revenue grew from $ 100,000 in January 2021 to $ 196 million in July.

“At the end of the day, these are just numbers on the screen. In any case, we do not take this money. We put them in the treasury, ”he added.

According to the sources of the publication, the explosive popularity of the project is associated with the launch of the Sky Mavis Ronin sidechain. As soon as the project switched to a new network model, the game became noticeably cheaper and more accessible. For example, players no longer had to spend too much on Ethereum commissions to create new characters in the Axie ecosystem.

Axie Infinity is a blockchain based play-to-make money game. Axie’s non-fungible tokens (NFT) have already overtaken hits like Larva Labs’ CryptoPunks, NBA’s Top Shot and Bored Ape Yacht Club in popularity.

Over the past 30 days, the native token of the game AXS managed to renew its maximum at around $ 66.9, soaring by 186%. One of the reasons for the rapid growth may be the listing of the token on Coinbase Pro. Token trading on one of the largest cryptocurrency platforms began on August 12. This was reported in the company’s blog.

The market capitalization of the project at the time of writing is $ 3.7 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *