Axie Infinity Has Become The Second Largest Fee Revenue Generator

Axie Infinity has been on an absolute tear lately. The play-to-earn platform has become the face of a new integration of crypto and gaming that holds unbelievable potential.

Axie Infinity has surpassed 1M daily active users, and is generating more revenue than any protocol or platform with the lone exception of Ethereum. Yes, Axie Infinity is yielding more fee revenue than major platforms such as OpenSea, Uniswap, Bitcoin, or the Binance Smart Chain.

If you weren’t already paying attention to Axies, you probably should be. Need to get up to speed on the basics? Check out our report from a couple months ago on the emergence of Axies.

Axie Infinity: On Top Of The Charts
A series of tweets from Coinbase Ventures’ Connor Dempsey lays out the short and sweet of the story quite well. As Dempsey aptly notes, every Axie transaction collects a priced-in fee – either in $SLP or $AXS.

At the time of writing, in the past 24 hours, Axies have generated over $17MM in sales volume, leading the pack when it comes to NFTs. The next closest NFT project on the sales volume chart is Bored Ape Yacht Club, which is just under $9MM.

You’re reading that right, Axies have nearly doubled the next closest comparable NFT project today. Axies, of course, also lead the 30-day and all-time charts for NFT sales volume, as the platform has eclipsed $1.7B in transactions and approached 1.5M owners.
If you look at blockchain fee revenue over the long-term, Axies become even more impressive. According to Token Terminal, any long-term time horizon from the 90-day chart and longer reflects a fee generation from Axies that surpasses Ethereum. As Dempsey highlights in his tweet thread, the treasury pool from Axie fees has ballooned to nearly $600MM.

https://www.newsbtc.com/news/how-axie-infinity-revenue-generator/