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Since launching in 2018, Axie Infinity has amassed over 2 million daily active users (DAUs) and its decentralized exchange, Katana, has a market cap of $5.5 billion, but this growth has not come without challenges.Axie Infinity’s in-game token, Smooth Love Potion (SLP) decreased nearly 93% from it's all-time high in
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Concerns around emissions of an in-game token caused falling user numbers and a drastic plunge in SLP prices. Source
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The price of the Axie Infinity (AXS) token has surged by nearly 40% in three days. AXS rallied to over $65, its best level in more than two weeks, as Axie Infinity revealed a revamped reward structure for its player-vs-player (PVP) competition round.In detail, the play-to-earn startup expanded its number
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On Thursday, Sky Mavis, the creator of monster-battle game Axie Infinity, released its much-anticipated RON governance token. The token is based on its Ethereum (ETH) sidechain Ronin Network. Its purpose includes paying for transactions on Ronin, staking, and participating in community proposals.According to its developers, Ronin has over 250,000 unique daily
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“It's important that Ronin has shared ownership by the community that builds and uses it. In the first month of Ronin, Axie experienced a 300% increase in monthly NFT trading volume and a 131% increase in daily active battlers,” said Jeff Zirlin, Sky Mavis growth lead and co-founder. Source
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A farming simulator clogged a popular blockchain for days on end last week. Now a new research report from blockchain analytics firm Nansen sheds light on a possible solution.Ronin, a layer 2 from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than Ethereum
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Thetan Arena, a new video game fueled by cryptocurrency, claims to have quickly amassed over twice as many users as Axie Infinity, the digital-asset darling that leapt to a dominant market position earlier this year in the “play-to-earn” sector.Some analysts are pointing to Thetan Arena as the “next Axie,” but
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According to traffic-monitoring data from SimilarWeb, the second-highest number of Axie players in the world are in Venezuela, after the Philippines but ahead of the United States, Argentina and Brazil. Axie has about 2.5 million daily players around the world, according to officials at Sky Mavis, the owner of Axe
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A plot of land in Axie Infinity, an animated, metaverse pet-training game, sold for $2.5 million on Thursday, according to a tweet on the game’s Twitter account.The 550 ETH sale was the highest for a single plot of virtual land, according to the tweet. The transaction was for a plot
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In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies and complete daily quests. They are also NFTs that can
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