This week, Axie Infinity, the blockchain-based online video game crafted by the Vietnamese software studio Sky Mavis, surpassed $4 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn (P2E) game launched in 2018 is the third-largest NFT platform in terms of all-time sales.
Sky Mavis Crafted Blockchain Game Axie Infinity Records Over $4 Billion in Lifetime NFT Sales
The Ethereum-based video game Axie Infinity has been very popular over the past 12 months as the world of P2E animal training has seen high demand. The game’s native digital currency, axie infinity (AXS), has risen 2,544% against the US dollar over the past year.
On the other hand, smooth love potion (SLP), hasn’t been so lucky and is down 70% in value year-to-date. Metrics indicate that there’s 53,502 AXS token holders today and out of 166,870 Axies there are 45,276 Axie owners.
This week, NFT metrics show the Sky Mavis-developed project has captured over $4 billion in all-time NFT sales. Today, the average selling price of Axie Infinity is $198.77 and the project has seen 1,905,222 traders, according to lifetime stats.
With approximately $4.14 billion in all-time sales recorded at the time of writing, Axie Infinity is the third-largest NFT project in terms of all-time sales. The game’s NFT sales are below Opensea’s $21.85 billion and Looksrare’s reported $16.85 billion.
Despite the all-time sales milestone, Axie Nft sales are down 40.58% in the last seven days
Although Axie Infinity is an Ethereum-based project, the game leverages the Ronin network so that the network can scale without high fees or congestion issues. As of this writing, the Cross-Chain Ronin Bridge has a total locked value of $3.3 billion, and it’s down 15% since last week.
Statistics indicate that the Ronin-based decentralized exchange (dex) Katana is the fourth largest decentralized finance (defi) exchange in terms of volume. Katana has seen $30.8 million in 24-hour trade volume and has a balance of $475 million.
Even though Axie Infinity NFT’s all-time sales crossed the $4 billion mark, sales were down 40.58% in the last seven days. Weekly statistics indicate that Axie Infinity processed $19,815,670 in sales through the Ronin blockchain. Last week, Axie NFTs saw 91,940 buyers out of 267,906 trades.
24-hour Axie NFT sales metrics show the project has seen $2.2 million in sales from 17,731 buyers. While Axie is the third-largest in all-time sales, it’s the fourth in 24-hour terms and the fifth over the last seven days. Over the last month, Axie placed eighth out of the top ten projects in terms of 30-day NFT sales.
