In Brief:
- Axie Infinity became the most traded non-fungible token collection ever in Q3 2021
- It Surpassed NBA Top Shot and CryptoPunks with $2.5 billion in trading volume.
In the third quarter of 2021, Axie Infinity became the most traded NFT collectible bringing in more than $2.5 billion in trading volume. As given in the BGA Blockchain Game Report Axie Infinity already surpassed 2M daily active users.
Axie has generated over $2.08 billion in Q3 trading volume alone. It is 19% of the whole NFT trading volume during the same time period. It is 83% of the game’s historical trading value.
Outdoing the famous NFTs such as NBA Top Shot and CryptoPunks, this play-to-earn Ethereum Blockchain game brought in $800M revenue in the third quarter.
At the start of October, Axie Infinity already rolled out its staking program airdropping $60 million worth of AXS governance tokens to early players of the game. Sky Mavis, the developer of Axie Infinity also raised $152 million in a series B round to propel the growth and development of Axie Infinity.
Smooth Love Potions and Axie Infinity Shards are the two types of tokens the Axie Infinity players earn. Both tokens can be used for gaming purposes, or players can sell them in a cryptocurrency exchange.
The play-to-earn system is thriving more than ever with Axie Infinity topping the NFT collection in the third quarter of 2021 and having more players seeking to earn money through games, the growth is going to significantly increase in the next quarter.
