Axie Infinity

Axie Infinity is the #1 blockchain game, and the marketplace on its Ronin sidechain passed 1 Million ETH in trading volume this month. Here are 5 key insights.

1/ There has been 1.15M ETH of trading volume for Axie NFTs since the game first launched in March 2018. Using the value of ETH at the time of each sale that amounts to $3.4B. 96% of that trading volume occurred in 2021.

Here is a plot of monthly trading volume for Axie NFTs in 2021

2/ 1.1M ETH of this total trading volume comes from the trading of Axie creature NFTs. 40k ETH of this trading volume comes from the trading Axie Land NFTs.

3/ 380k ETH has flowed into the Axie Treasury this year. 12% from marketplace fees and 88% from Axie breeding fees. Using the value of ETH at the time of each transaction that amounts to $1.2B.

Breeding is how new Axie creatures are created, and it has a cost in Axie's native tokens $SLP and $AXS.

4/ Sweet Love Potions ($SLP) are earned when your team of creatures wins battles. $SLP currently sits at $0.67 and has a fully diluted market cap of $200M+.

5/ Axie Infinity Shards ($AXS) are the governance token of Axie Infinity. $AXS currently sits at $142 and has a fully diluted market cap of $38B+.

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