The pleasures of “NFT summer” are still being enjoyed by Axie Infinity. In August, the game’s income climbed by another 85% to $364 million.
Axie Infinity continues to generate more income than virtually all leading cryptocurrencies, including Bitcoin and the DeFi and NFT market leaders.
The revenue of Axie Infinity has increased dramatically.
The parabolic run of Axie Infinity continues.
From July to August, revenue for the Ethereum-based NFT game rose by almost 85 percent. Apart from Ethereum, the game earned more fees than any other crypto protocol.
According to data from AxieWorld, the game earned $364 million in total revenue in August, up from $196 million in July. This is an increase of 85.7 percent month over month.
Only Ethereum, with $670 million in sales, outperformed Axie Infinity in August. Many major crypto projects, including OpenSea, Uniswap, and Aave, were rated ahead. The game topped the scoreboard in July, surpassing Ethereum.
On top of the Ethereum network, Axie Infinity has a play-to-earn system. Axies, which are digital pets that take the shape of NFTs, are available for purchase, breeding, and trading in the game. When someone buys an Axie, the game makes income.
The game contributes a percentage of its income to an AXS-managed community fund. AXS is Axie Infinity’s governance token, and it has risen in value as the game’s popularity has grown. It’s up 88 percent in the previous 30 days, and it’s currently trading at $71.79 at press time.
In recent months, the game has become the buzz of the crypto world due to its rising popularity in the Philippines. The game’s meteoric rise has been one of the most talked-about aspects of the crypto industry’s “NFT summer.”
The developers said in early August that the game had over 1 million active users around the world. As the game’s popularity has grown, in-demand Axies and virtual land plots have sold for up to seven figures. Axie Infinity’s trading volume has been among the top of all NFT projects over the summer, with CryptoPunks, Bored Ape Yacht Club, and Art Blocks. According to the most recent growth statistics, Axie Infinity has retained its market leader in blockchain games and non-fungibles.