axie infinity gained more revenue than other cryptocurrencies this july

axie infinity is an nft-based online video game created by sky mavis in vietnam, which employs the ethereum-based cryptocurrency axs (axie infinity shards) and slp (smooth love potion). players can acquire, breed, grow, battle, and trade creatures known as “axies” in this game (characters based on axolotl) to play, new players must have at least three axes. virtual land (in the form of non-fungible tokens) can now be purchased as of january 2019.

this july they have gained $207 million revenue. in which they ranked higher than other cryptocurrencies like bitcoin, ethereum, etc. uniswap, pancakeswap, and aave, decentralized exchanges, all produced more revenue than the game. based on this, axie has the potential to produce $2 billion each year.

in terms of trading volume, axie is the first nft product, ahead of cryptopunks, artblocks, and nba top shot. as gamers from nations like the philippines continue to flock to the game, the number of daily active players is rapidly reaching one million. axie Infinity’s team has highlighted the next phases in game development in their most recent release.

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