Axie Infinity has become the most traded NFT collection in the last quarter! The Pokémon-inspired play-to-earn game overthrew NBA Top Shot and CryptoPunks to amass over $2.5 billion in trading volume in Q3 2021. Of this, $2.08 billion was generated in Q3 alone. Furthermore, the game raked in $800 million in revenue during the same period.
The findings are from DappRadar’s latest BGA Blockchain Game Report. The report details the trends in the fast-evolving NFT industry.
Axie Infinity And NFT Games
DappRadar identified in-game NFTs among the top revenue generators, as was evident with AxieInfinity. These digital assets generated $2.32 trillion in sales during the quarter. In-game NFTs accounted for more than a fifth (22%) of all NFT trading volume during Q3. Axie Infinity was responsible for almost all of this (19%).
The report stated that “the third quarter of 2021 demonstrated that blockchain games, boosted via the play-to earn (P2E), movement are here to stay.” “Axie Infinity transcends its game status and takes the P2E movement outside of the blockchain.
AxieInfinity has been a popular play-to-earn game for the past few months. It launched the AXS-Staking feature in early April. Users can now stake their AXS and earn rewards. saw 92% more users play the AXS Staking game. Users staked 16.6 million AXS, or approximately $2 billion in just a week.
Splinterlands, a crypto collectible card game, topped the charts and became one of the most popular games in space. It was able to register more than 245,000 UAW (Unique Active Wallets) per day in September, a 3,267% increase over Q2.
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