Axie Infinity Sets Record-Breaking $4 Billion In NFT Sales

Christian Encila

Last Updated: June 11, 2024 2:11 pm

2 mins read

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Axie Infinity, the Ethereum-based video game, continues to amaze its fandom over the last year.

Despite some hiccups, the play-to-earn game is relentless. In fact, it just made quite a bit of a noise this week after the Sky Mavis project snagged nearly $4 billion in all-time NFT revenues.

The in-game currency of the P2E pet training universe, AXS, has appreciated by 2,544% against the US dollar during the last 12 months.

On the other side, Smooth Love Potion (SLP) has had a less lucky year, with its value decreasing by 70% year to date.

Metrics show that there are currently 53,502 AXS token holders and 45,276 Axie owners out of 166,870 Axies.

Axie Infinity: Price Analysis

According to 24-hour Axie NFT sales numbers, the project has received $2.2 million in transactions from 17,731 buyers.

While Axie is third all-time in terms of sales, it is fourth in terms of 24-hour sales and fifth in terms of the previous seven days.

Last month, Axie placed eighth out of 10 projects in terms of 30-day NFT sales.

According to the most recent market figures, the average selling price of Axie Infinity as of Monday, Feb. 21, 2022, is $55.53, up 7.1% from the previous day’s low of $50.30 to a high of $56.14.

AXS total market cap at $3.17 billion in the daily chart | Source: TradingView.com

Additionally, on Nov. 6, 2021, Axie Infinity reached an all-time high of $164.90. In comparison, it reached an all-time low of $0.123718 on Nov. 6, 2020.

Despite the fact that cumulative Axie Infinity NFT sales have surpassed the $4 billion mark, sales fell 40.58 percent last week.

Axie Infinity has processed $19,815,670 in orders via the Ronin blockchain in the most recent weekly data.

Metaverse Real Estate Prices Up

Last week, Axie NFTs had a total of 267,906 transactions, including 91,940 buyers.

Meanwhile, the value of metaverse properties has surged in tandem with rising interest in blockchain-based virtual world projects such as Decentraland, The Sandbox, Illuvium and Axie Infinity.

Land in the Metaverse, as well as flats, penthouses, and mansions, have been selling for between $4 and $7 million.

The Webbland Project, which advertises itself as an interconnected pixel metaverse, has generated $3.6 million in revenues over the last seven days, an increase of 126.24% over the previous week.

Webbland is similar to The Sandbox and Decentraland in that it allows users to own land, equip it with NFTs, complete quests, and explore.

Webbland has surpassed Farmers World to claim the 33rd rank in terms of seven-day sales in the recent week, falling just short of Sheet Fighter.

Featured image from CoinGecko, chart from TradingView.com

Christian Encila

Christian Encila is a journalist, editor, crypto analyst, and virtual assistant focused on storytelling, financial markets, and digital media. He blends strong writing skills with in-depth analysis, turning complex information into clear, accessible insights.

His writing began in college as a feature writer for his school publication, building research and storytelling skills. He later worked as an editor at a data engineering firm, gaining recognition for writing and discipline.

He expanded internationally in Canada and South Korea, then returned to the Philippines for a decade in a major newsroom. There he became a senior news writer and editor, simplifying complex topics for broad audiences.

He later moved into cryptocurrency journalism as a crypto analyst and market expert at NewsBTC, covering trends and blockchain developments. Alongside writing, he works as a Virtual Assistant supporting editorial operations, workflows, and coordination tasks.

Outside work, he enjoys motorbikes, riding a Yamaha R3, preferring relaxed coastal rides. He spends time with two cats and a dog, and unwinds with coffee, Filipino food, and occasional rum while watching comedy films.

His career blends journalism, analysis, and support roles, reflecting adaptability across media, markets, and digital content production in modern newsroom environments and remote work settings globally.

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