Axie Infinity continues to achieve new milestones in the non-fungible token ( NFT ) space despite a decline in monthly sales volume. Axie Infinity is one of the most famous names for money-making games and digital collectibles.
According to [In]Crypto Research, Axie Infinity recorded a total sales volume of approximately $4.07 billion as of April 30, 2022. This is a massive boost for the project after it lost $600 million in the Ronin Bridge hack in April.
This puts Axie Infinity ahead of Yuga Labs’ Bored Ape Yacht Club (BAYC), the Mutant Ape Yacht Club (MAYC), and the recently acquired digital collectible, CryptoPunks.
Other projects vying for top sales volume include Flow’s NBA Top Shot, Art Blocks, VeeFriends, Moonbirds, Azuki, World of Women, Bored Ape Kennel Club, and CloneX.
What contributed to Axie Infinity’s peak sales volume?
The increase in individual buyers from May 2021 has caused a rise in the total transaction count and can be attributed as the leading cause of the rise in sales volume of Axie Infinity.
As of May 2021, there were 17,416 unique buyers of Axie Infinity, corresponding to 113,093 transactions. Overall, Axie Infinity’s sales volume was approximately $27.71 million.
There was a 1,135% spike in the number of unique buyers from May to July 2021, around 215,089. This corresponded to 1,349,597 transactions and $666.91 million in sales volume.
As of August 2021, Axie Infinity reached an all-time high in the region of $848.18 million. The total number of unique buyers during the month was 305,264, corresponding to 1,854,260 transactions.
The total number of Unique buyers peaked at about 520,425 in November 2021. And during this same month, there were 2,643,500 transactions, and the sales volume was approximately $754 million.
Apart from July, August, and November, the other months that significantly contributed to Axie Infinity sales were June ($122.23 million), September ($518.46 million), and October ($545.93 million), December 2021 ($301.37 million). ) and January 2022 ($126.49 million). ).
AXS and SLP costs
Earlier last month, the blockchain game revealed rebalancing modifications to its reward structure. He claimed that he had reduced the supply of Smooth Love Potion (SLP) tokens by 56%.
Shortly after, the asset’s value in USD skyrocketed to approximately $0.04. But SLP fell 55% in the following weeks (in line with the downward trend of the cryptocurrency market).
AXS opened on April 1, 2022, with a trading price of $63.45, reached a monthly trading price of $74.87 on April 2, and ended the month with a price of $29.10. Overall, there was a 54% drop between opening and closing prices in April.
Like most cryptocurrencies, AXS has lost a considerable amount of value. Currently around $50. Axie Infinity tops $4 billion in all-time NFT sales.