Axie Infinity, a Pokemon inspired Non-fungible token (NFT) game, has attained a landmark milestone hitting over £0.80 billion in lifetime trading volume.
Axie Infinity NFT sales were £0.801 billion, according to data from decentralised apps (DApps) store DappRadar.com. This includes sales on the Axie Marketplace as well as other decentralised NFT marketplace platforms like OpenSea and Rarible.
Over 2.5 million Axies were bred that contributed to the impressive trading volume. Meanwhile, statistics show that about 1.4 million sales took place in the last four weeks alone, generating nearly £562 million in revenues.
Axie is now all time best-selling NFT collection, outselling Larva Labs’ CryptoPunks, Bored Ape Yacht Club, and NBA Top Shot at the time of writing.
This achievement comes on the heels of a previous one earlier this month. Representatives from Axie Infinity revealed on the game’s official Twitter handle that the game has surpassed one million daily active users (DAUs). These rapid advancements imply that Axie has made significant progress. According to reports, the play-to-earn NFT game only had 350,000 DAUs in early July.
Axie Infinity’s native token AXS surged to new highs in recent weeks, reaching £37.64 for the first time on July 27. This came only three days after the previous all-time high of £35.50. Although it has since declined slightly, it has remained securely over the £28.86, according to statistics. However, data from CoinMarketCap revealed a rise in the early hours of August 8th. In less than an hour, the price of AXS increased from £29.33 to £33.44.
The rise of blockchain game projects has sped up in tandem with the success of metaverse gaming and NFTs. According to a recent estimate, the first half of the year saw blockchain gaming startups raise about £360 million.