U.S. markets close in 4 hours 25 minutes
  • S&P 500

    4,166.91
    +21.72 (+0.52%)
     
  • Dow 30

    32,979.56
    +176.09 (+0.54%)
     
  • Nasdaq

    12,751.87
    +94.31 (+0.75%)
     
  • Russell 2000

    1,954.35
    +32.53 (+1.69%)
     
  • Crude Oil

    90.35
    +1.34 (+1.51%)
     
  • Gold

    1,804.60
    +13.40 (+0.75%)
     
  • Silver

    20.66
    +0.81 (+4.10%)
     
  • EUR/USD

    1.0220
    +0.0032 (+0.32%)
     
  • 10-Yr Bond

    2.7790
    -0.0610 (-2.15%)
     
  • GBP/USD

    1.2113
    +0.0043 (+0.35%)
     
  • USD/JPY

    134.6380
    -0.3320 (-0.25%)
     
  • BTC-USD

    24,003.79
    +931.37 (+4.04%)
     
  • CMC Crypto 200

    559.83
    +16.95 (+3.12%)
     
  • FTSE 100

    7,491.82
    +52.08 (+0.70%)
     
  • Nikkei 225

    28,249.24
    +73.37 (+0.26%)
     

Top NFT game Axie Infinity generated $1.3B in revenue last year

·1 min read

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

Fast facts

  • 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?