Play-to-Earn Blockchain Game Axie Infinity Surpasses $4 Billion in All-Time NFT Sales – Blockchain Bitcoin News

Axie Infinity is a blockchain-based video game created by Sky Mavis software. It has now sold more than $4 billion of non-fungible tokens (NFT). The third-largest NFT marketplace in terms of total sales is play-to-earn, which was released in 2018.

Sky Mavis Created Blockchain Game Axie Infinity Records Over $4 Billion In Lifetime NFT Sale

Axie Infinity is an Ethereum-based game that has become very popular in the last twelve months. This has happened because the P2E dog training industry has experienced significant demand. The game’s native digital currency axie infinity (AXS) has increased by 2,544% against the U.S. dollar over the last 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.

NFT metrics have shown that Sky Mavis’ project has sold more than $4B in NFT transactions this week. According to statistics, today’s AxieInfinity sales price averages $198.77. The project has been visited by 1,905,222 traders over its lifetime.

Axie Infinity has the third largest NFT project by sales at $4.14 trillion. The game’s NFT sales are below Opensea’s $21.85 billion and Looksrare’s reported $16.85 billion.

The All-Time Milestone in Sales is not met by Axie Nft’s sales of 40.58% during the last seven days

Axie Infinity uses Ethereum, but the Ronin network is leveraged to allow the network to scale easily without excessive fees or congestion. The cross-chain Ronin Bridge currently has $3.3 billion in total-vale, which is 15% lower than last week.

Statistic data shows that Katana, a Ronin-based Decentralized Exchange (Dex) Katana ranks fourth for volume in decentralized finance (defi). Katana’s 24-hour trading volume has reached $30.8million and its balance is $475 million.

Sales for AxieInfinity NFT have fallen by 40.58% over the past seven days, even though they crossed $4 billion in total sales. Axie Infinity reported $19.815,670 worth of sales through the Ronin blockchain last week, according to weekly statistics. Last week, Axie NFTs saw 91.940 buyers in 267.906 transactions.

Axie NFT 24-hour sales statistics show that there have been $2.2million in sales to 17731 customers. 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. Axie ranked eighth in the Top Ten Projects for 30-Day NFT Sales over the past month.

Let us know your thoughts on the Axie Infinity blockchain gaming project surpassing $4Billion in annual sales. Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5,000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.