Top non-fungible token (NFT) game Axie Infinity generated US$1.3 billion in revenue over the past year, reaching a daily peak of US$17.5 million on Aug. 6, 2021, according to a new report from blockchain analytics firm Nansen.
See related article: Axie Infinity becomes first NFT series to break $4B in sales
- Axie Infinity recently became the first NFT series to reach US$4 billion in sales volume.
- Over 2.8 million unique addresses hold more than 11 million Axies, the game’s NFTs that players breed and battle, with 97% holding the minimum threshold of three Axies required to play the game.
- Axie tokens SLP and AXS are trading down at least 70% from their respective all-time highs as user growth declined late last year partly due to its costly barrier to entry, leading to lower profits for players.
- Axie is set to launch its V3 update by the end of Q1 2022, which has been announced to include a set of free starter Axies in an attempt to onboard new players.
See related article: Can Axie Infinity go the distance?