April 29, 2024

Axie Infinity NFT game revenues are 3.5 times higher than Ethereum's

Axie Infinity NFT game revenues are 3.5 times higher than Ethereum's

Axie Infinity players paid more fees than users of the Ethereum network.According to the analytical platform TokenTerminal, the commission revenue from the Axie Infinity on-chain game almost 3.5 times surpassed the revenues of the Ethereum blockchain network.

In addition to Ethereum, the Axie Infinity project found itself intimes more profitable than stablecoin hub MakerDAO and market maker PancakeSwap. Axie Infinity's revenue grew from $100,000 in January 2021 to $196 million in July, Sky Mavis chief operating officer Alexander Leonard Larsen told The Defiant.

“At the end of the day, these are just numbers on the screen. In any case, we do not take this money. We put them in the treasury "- he added.

According to the publication's sources, the explosiveThe popularity of the project is associated with the launch of the Sky Mavis Ronin sidechain. As soon as the project switched to a new network model, the game became noticeably cheaper and more accessible. For example, players no longer had to spend too much on fees on the Ethereum network to create new characters in the Axie ecosystem.

Axie Infinity is a blockchain-based gamebuilt on the play-to-earn principle. Axie's non-fungible tokens (NFTs) have already surpassed hits like Larva Labs' CryptoPunks, NBA Top Shot, and Bored Ape Yacht Club in popularity.

A detailed review of the Axie Infinity game can be found here.

Native game token AXS for the last 30 daysmanaged to update its maximum at $66.9, soaring by 186%. One of the reasons for the rapid growth may be the listing of the token on Coinbase Pro. Trading in the token on one of the largest cryptocurrency platforms began on August 12. This was reported on the company's blog.

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The market capitalization of the project at the time of writing is $ 3.7 billion.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 FTX https://ftx.com 7.5
3 Bybit https://bybit.com 7.2
4 OKEx https://okex.com 7.1
5 Exmo https://exmo.me 6.9

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features &#8212; futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Axie Infinity NFT game revenues are 3.5 times higher than Ethereum's

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