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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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Every week, subscribers of Cryptox’s Markets Pro data analytics platform receive a detailed breakdown of the top performers of the week and the VORTECS™ Score indicator’s performance in tracking potential bullish and bearish developments.Here are some of the highlights of the latest report:Axie Infinity Shard (AXS) recorded a new all-time
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“Staking yields on AXS remained exceptionally lucrative (189% APR), even with 12.4 million AXS staked already and growing, leading to a real risk of a supply crunch for AXS,” said Denis Vinokourov, head of research at Synergia Capital. “This could result in exponential, albeit likely unsustainable, upside, and in the
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The monster-battling game that uses non-fungible tokens (NFTs) to reward players made 64,933.71 ether (ETH), worth $220.32 million, in September, down from a record $342 million in August, data center Axie World shows. While September’s figure represents a nearly 3,000-fold year-on-year growth, it’s only about 10% of the pace of
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The cryptocurrency ecosystem has so evolved that digitgal games are now being built for users to gain a better appreciation blockchain technology. Amongst the most notable of these games today is Axie Infinity, new type of Play-to-Earn game, partially owned and operated by its players. Axie Infinity has not only
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