NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Axie Infinity Sales Record A Massive Slump, Losing Over $120 Million

Denis
Denis
2 years ago
3 mins read
Axie Infinity Sales Record A Massive Slumps, Losing Over $120 Million

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Before now, Axie Infinity had maintained a solid foothold in the non-fungible token (NFT) space. Through massive sales, it stood as one of the leading and most successful NFT collectibles. The network had recorded almost $4.08 billion in sales volume. But June 2022 sales seem to be a mockery of its feats over the past year.

Sky Mavis, a Vietnamese studio, launched Axie Infinity in March 2018. It’s an online video game based on NFTs. The platform has gained popularity from using Ethereum-based tokens through its gaming economy. The gaming project runs on the Ronin blockchain.

Related Reading | Wall Street Investors Expect Bitcoin To Hit $10,000, Is This Possible?

The whole crypto industry keeps receiving blows, topped by discouraging news such as Coinbase selling users’ Geo data, making people even more suspicious about the market, and the NFT space looks no different.

The platform centers on using Axies, the Pokemon-Esque creators. In the game, players could receive Axies, the virtual pets, and subsequently breed and raise them for future use. They serve as formidable tools in gaming battles for players. Once the players advance in their skills and levels, they would possibly get rewards.

The NFT collectible then witnessed a drastic drop in its June sales volume. The main influencing factor is the prevailing crypto bear market that has crippled the majority of activities in the industry. Hence, there is an overall reduction in NFT investment choices from different angles.

June’s record from the recent Research for Axie Infinity placed the sales volume at about $3.18 million. The value is a considerable gap between its May volume of about $7.09 million. Comparing the two months indicates that June’s volume declined by 55% from May’s sales volume.

A general review of NFT monthly sales volume in 2022 shows June’s sales as the lowest. Its drop marks the first time since Feb 2021 for Axie Infinity to get a monthly book lower than $4 million. This is after the collectible recorded $1.67 million in Feb 2021.

Axie Infinity NFT Collectibles Record A Drop-In June Sales Volume

The negative trend is not just peculiar to Axie Infinity only. The NFT industry has June’s sales as the lowest for almost all collections. Some of them include Mutant Ape Yacht Club, CryptoPunks, Bored Ape Yacht Club, Moonbirds, NBA Top Shot, Meebits, and other collections that recorded low June sales volumes including Otherdeeds, Art Block, Azuki, etc.

Observing the reduced number of unique buyers for the Axie Infinity NFT in June 2022 shows more details about the drop. First, it explains the dip in transactions with the NFT collections. For June, its unique buyers were 52,507 with about 307,431 transactions.

However, the NFT collection had hit its monthly high in sales for 2022 in January. It recorded about 314,642 unique buyers with 1,296,870 transactions. Also, by the end of January, Axie Infinity had almost $126.49 million of sales volume. With its drop in June, the NFT collectible records a yearly low slump of $123.32 million from its January high.

Related Reading | Bitcoin Daily Exchange Net Flows Shows Sell-Offs Have Not Subsided

Also, Axie Infinity has an average sales value for both January and June to be $97.54 and $10.34, respectively. A comparison indicates a drop of about 89% between the months.

Axie Infinity Sales Record A Massive Slumps, Losing Over $120 Million
Daily chart shows 1% growth on the day chart | Source: AXSUSD on TradingView.com
Featured image from Pexels, charts from TradingView.com
Tweet123Share196ShareSend
Denis
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin price news

Bitcoin’s Most Reliable Signal Just Flashed—Next Stop: $170,000

The Hash Ribbon “buy” trigger – a signal embedded in Bitcoin’s network hashrate dynamics – has flashed again, and technical...

Jake Simmons 1 hour ago

Nová kryptoměna poháněná umělou inteligencí zahajuje třetí fázi ICO po vybrání 2 milionů dolarů – dokáže překonat DOGE nebo ADA?

Unilabs Finance přitahuje pozornost díky jedinečné platformě pro správu aktiv v DeFi, kterou podporuje umělá inteligence. Mezitím se Dogecoin chystá...

Doležal Pavel 1 hour ago
Új MI Érme 2M Dollárt Gyűjtött, Belép az ICO 3. Szakaszába Túlszárnyalhatja a DOGE-ot, ADA-t

Új MI Érme 2M Dollárt Gyűjtött, Belép az ICO 3. Szakaszába: Túlszárnyalhatja a DOGE-ot, ADA-t?

A Unilabs egyedülálló, mesterséges intelligencia (MI) alapú DeFi vagyonkezelő platformja nagy előértékesítési keresletet generál. Eközben a Dogecoin visszapattanásra készül, miközben...

Kovács Bálint 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Altcoin wraca do łask inwestorów — Solaxy ($SOLX), Dogecoin i Unilabs Finance (UNIL) na czele w 2025 roku

Zieliński Michał 24 minutes ago
Новата AI валута навлиза в 3‑тия етап на ICO-то, след като достигна събрани средства от 2 милиона долара – ще засенчи ли DOGE и ADA?

Новата AI валута навлиза в 3‑тия етап на ICO-то, след като достигна събрани средства от 2 милиона долара – ще засенчи ли DOGE и ADA?

Georgi Petrov 40 minutes ago
비트코인 심리 지수 폭등… 비트코인 하이퍼(HYPER) 프리세일까지 ‘대세 진입’ 신호?

비트코인 심리 지수 폭등… 비트코인 하이퍼(HYPER) 프리세일까지 ‘대세 진입’ 신호?

Soyeon Lee 54 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • MEXC Launches Golden Era Showdown Mid-Year Trading Event...

    22 minutes ago
  • なぜSnorterは過小評価されているプレセールなのか?

    Dự đoán giá Pepe: Meme coin tiềm năng sẽ vượt...

    5 hours ago
  • BTCBULL

    Liệu Pi Crypto đã hết thời? Phân tích giá PI hé...

    5 hours ago
  • Best -altcoins

    Coinbase niêm yết alt coin mới: Đừng bỏ lỡ cơ...

    5 hours ago
  • Bitcoin price trend is strong, start Dogecoin mining...

    7 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.