Axie Infinity, one of the most well-known names in the play-to-earn world (P2E), has topped $4 billion in non-fungible token sales. It is now the third-largest NFT project, after OpenSea and LooksRare.
Axie Infinity is the third-largest NFT platform regarding all-time revenues, with a total trading volume of $4.14 billion.
Axie Infinity, established in 2018, is one of the most popular play-to-earn blockchain games. It was not until 2021, however, that it acquired widespread acceptance.
Last year, the non-fungible token sector and the peer-to-peer business model began to flourish, and most projects boosted their non-fungible token sales to unprecedented heights.
The total value of NFTs sold on Axie Infinity hit $4.14 billion, according to DappRadar statistics. Nearly 2 million merchants were responsible for attaining this, with the average price of traded digital items being $198. Axie Infinity has seen significant growth since its trading volume peaked at $1.1 billion six months ago.
With a cumulative trading volume of over $21 billion, OpenSea is the clear frontrunner among all NFT platforms. With roughly $17 billion, LooksRare is in second place.
Axie Infinity Plot has $2.3 million worth of ETH:
In November of last year, an unknown bidder paid 550 ETH for a single plot of digital property on Axie Infinity. This was worth $2.3 million at the time of the sale.
The area in issue is one of Axie Infinity’s Genesis plots, which are incredibly rare, as there are only 220 of them.
Other in-game goods and land parcels can be traded as non-fungible tokens on the NFT marketplace.
Prices for AXS and SLP:
Earlier this month, the blockchain game made modifications to its compensation structure to rebalance its environment. It pledged, in particular, to cut the supply of Smooth Love Potion (SLP) tokens by 56%, making them rare.
As a response, the asset’s USD value skyrocketed to over $0.04 not long after. On the other hand, SLP recapped by 55% during the next few weeks (in line with the downtrend in the crypto market).
The price of AXS, Axie Infinity’s native token, soared to about $72 in early February after hitting an all-time high of $160 in November 2021. AXS, like the rest of cryptocurrencies, has lately lost a large portion of its value.
