Axie Infinity blockchain game overtakes Ethereum network in revenue

According to analytics platform Token Terminal, the commission revenue from the Axie Infinity blockchain game has almost 3.5 times surpassed the revenue of the Ethereum blockchain network.

Axie Infinity blockchain game overtakes Ethereum network in revenue

Axie Infinity players paid more commissions than Ethereum network users. This is evidenced by figures from the Token Terminal resource. Over the last 30 days, commissions from Axie Infinity exceeded $319 million, almost 3.5 times more than the Ethereum network ($91. 4 million).

In addition to Ethereum, the project has been many times more profitable than the MakerDAO stablecoin hub and market maker PancakeSwap. As Sky Mavis chief operating officer Alexander Leonard Larsen told The Defiant, Axie Infinity’s revenue rose from $100,000 in January 2021 to $196 million in July.

“At the end of the day, it’s just numbers on a screen. Either way, we don’t take that money. We’re putting it in the treasury,” he added.

According to the publication’s sources, the project’s explosive popularity is due to the launch of the Sky Mavis Ronin sidechain. Once the project switched to the new network model, the game became noticeably cheaper and more accessible. For example, players no longer had to spend too much on commissions on the Ethereum network to create new characters in the Axie ecosystem.

Axie Infinity is a blockchain-based play-for-earnings game. The editorial team has previously reported that Axie’s non-exchangeable tokens (NFTs) have already overtaken such hits as Larva Labs’ CryptoPunks, NBA’s Top Shot, and Bored Ape Yacht Club.

AXS native game token in the last 30 days managed to renew its maximum at $66.9, soaring 186%. One of the reasons for the rapid growth may be the listing of the token on Coinbase Pro. Trading of the token on one of the largest cryptocurrency platforms began on August 12. It is reported in the blog of the company.

No votes yet.
Please wait...
You might also like

Leave A Reply

Your email address will not be published.