Axie Infinity has become the most traded NFT collection in history – DiarioBitcoin

Texas could raise funds through NFT and harness 'abundant' energy to mine Bitcoin

Axie Infinity has become the most traded NFT collection in history - DiarioBitcoin By Hannah perez

During the last quarter of 2021, gaming sensation Axie Infinity posted a trading volume of USD $ 2,080 million and exceeded 2 million daily active users.


The videogames Blockchain based on the model Play-To-Earn (Play to win), they are here to stay. Or so the latest report suggests from the analysis site DappRadar.

Axie Infinity, the feeling of games Blockchain where players can raise monsters and compete with each other, it has become the most traded collection of non-fungible tokens (NFTs) in history, according to data compiled by the report. BGA Blockchain Game Report, corresponding to the third quarter of 2021.

According to the data published by DappRadar, the cute little monsters of Axie are the most popular NFTs, even surpassing the outstanding projects NBA Top Shot and CryptoPunks. The record translates into a trading volume of USD $ 2,080 million during the quarter, which represents 83% of the historical commercial value of the game.

Axie Infinity also accumulated USD $ 800 million in revenue during the quarter, only behind its own Ethereum, and has managed to exceed 2 million daily active users (DAU).

Axie Infinity can be defended as the true catalyst of the play-to-win revolution. Since moving to the Ronin sidechain, the game has reached impressive levels.

Axie: the catalyst for a growing trend

Yes OK Axie appears to be leading the NFT video game scene, the broadest gaming space Blockchain it is also seeing general success in terms of adoption.

See also  Hackers extract more than USD $8 million from Uniswap user through phishing attack - DiarioBitcoin

According DappRadar, lThe blockchain industry registered 1.54 million unique active wallets (UAW) daily – unique addresses that interact with a smart contract, somewhat analogous to daily active users, although people can have multiple wallet addresses. That’s a 25% increase in the last quarter and a 509% year-over-year increase.

One of the main drivers of the rise in this metric is Blockchain-based gamesThe report said. Of the UAW total, 49%, or 754,000 of the wallets, interacted with technology-based games during the third quarter.

Virtual world games (not including Axie Infinity) are gaining traction, generated more than [USD $]56.4 million in trading volume during the third quarter, an increase of 21% quarter-on-quarter.

One of the main reasons for this growth could be because, unlike traditional video games, games Blockchain allow their users to have ownership of the articles and elements of the game through the NFTs. During the third trimester, NFT gaming items accounted for $ 2.32 billion in trading volume.

After Axie, the digital collectible card game Splinterlands is also gaining a lot of popularity, according to the research data. During the third quarter it became one of the most played games in the industry, attracting more than 245,000 UAW a day in September, 3,267% more than at the end of the second quarter.

See also  Bitcoin mining benefits from this law that protects the environment

A promising horizon for Axie Infinity

The recent success of Axie Infinity It was framed by a few very dynamic months for the project. The game announced in September the launch of a new participation service (staking) for holders of your AXS governance token; This allows holders to earn rewards for placing their tokens as collateral.

At the same time, the team of Axie made a distribution, also called «airdrop»Out of a total of 800,000 tokens AXS as part of a rewards program to thank the oldest group of players. Both announcements came a few weeks before the company behind Axie, Sky mavis, will raise $ 152 million in a funding round led by Andreessen Horowitz. The round, which featured the participation of prominent investors such as Samsung, gave the firm a valuation of USD $ 3 billion.

However, not everything has been downhill for the popular video game. During a recent event, the co-founder Aleksander Leonard Larsen admitted What is it “really hard to start playing Axie right now“Due to the steep learning curve of the game and the fact that half of its two million daily players have never used a cryptocurrency app before.

Reports on the rise in popularity and earnings of Axie arises when the game is releasing its update 1.1.0a, which included settings like reset Axies to level one every time they change ownership and reintroduce the option to challenge your friends.

Recommended reading

Sources: Decrypt, DappRadar, file

See also  Blockchain Celo has been paralyzed for more than 15 hours, validators "work to restart the network" - DiarioBitcoin

Hannah Estefanía Pérez’s version / DailyBitcoin

Image by Axie Infinity

Leave a Comment

Your email address will not be published.