{"id":10644,"date":"2021-08-07T18:54:03","date_gmt":"2021-08-07T18:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/axie-infinity-hits-1-million-daily-active-players-first-nft-project-to-hit-1b-all-time-trade-volume\/"},"modified":"2021-08-07T18:54:03","modified_gmt":"2021-08-07T18:54:03","slug":"axie-infinity-hits-1-million-daily-active-players-first-nft-project-to-hit-1b-all-time-trade-volume","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/axie-infinity-hits-1-million-daily-active-players-first-nft-project-to-hit-1b-all-time-trade-volume\/","title":{"rendered":"Axie Infinity Hits 1 Million Daily Active Players, First NFT Project to Hit $1B All-Time Trade Volume"},"content":{"rendered":"

The Ethereum game Axie Infinity continues to see demand as the developer Sky Mavis revealed on Friday there are now more than 1 million daily active players. Additionally, the game token utilized within the Axie Infinity gaming universe tapped an all-time high at $52 per unit 10 days ago. Despite being down 18% from the price high, axie infinity (AXS) tokens have gained over 60% in the last two weeks.<\/strong><\/p>\n

Axie Infinity Celebrates 1 Million Daily Active Players<\/h2>\n

While blockchain gaming and non-fungible token (NFT) assets continue to see significant interest, the developers of the Ethereum-based game Axie Infinity revealed the project\u2019s overall growth.<\/p>\n<\/p>\n

\u201cIt\u2019s official,\u201d the Axie Infinity Twitter account said<\/a> on Friday. \u201cMore than 1M daily active players. Let\u2019s keep pushing, together.\u201d For further clarification, the Twitter account for the project also added<\/a> that \u201csome players download the game client without owning Axies. There are still less than 1M Axie owners.\u201d<\/p>\n

Interestingly, a few Twitter accounts complained<\/a> to the Sky Mavis developers about issues<\/a> with the other token tied to the game called smooth love potion (SLP)<\/a>. Axie infinity (AXS)<\/a> tokens have done extremely well during the last two weeks while also gaining 218% over the last month. SLP\u2019s market performance, on the other hand, has faltered.<\/p>\n

<\/p>\n

Smooth Love Potion Slides in Value, Axie Infinity NFT Volumes Climb<\/h2>\n

SLP has lost \u200b\u200b27.9% during the last week and 14-day stats show SLP is down 35.1%. Even 30-day metrics indicate that SLP is down 1.2%, which is significantly lower than the gains AXS has seen.<\/p>\n

AXS has a $2.3 billion market capitalization on Friday which is 0.13% of the crypto economy\u2019s $1.79 trillion value. In the last day, $601,927,662 in global AXS trades were settled and 79% of those swaps have been paired with tether (USDT<\/a>). The Binance stablecoin BUSD captures 9.9% of AXS trades, BTC<\/a> commands over 5%, and the U.S. dollar has around 4.2% of all trades today.<\/p>\n

What a day. @AxieInfinity<\/a> is the first NFT project to hit $1Bn in
all-time NFT trading volume.<\/p>\n

History in the making. $AXS<\/a> pic.twitter.com\/oAc0rOYD9n<\/a><\/p>\n

\u2014 Psycheout \u2013 Aleksander | Axie Infinity (@Psycheout86) August 6, 2021<\/a><\/p>\n<\/p>\n

SLP has a much smaller market cap at $134,565,864 which is only 0.01% of the $1.79 trillion crypto economy. There\u2019s been around $106 million in 24-hour SLP swaps on Friday and 59% of those trades are in BUSD. ETH<\/a> commands 35% of SLP trades and tether only has around 4.2% today.<\/p>\n

The U.S. dollar only captures around 1.1% of the token smooth love potion\u2019s trades. On Friday one of the co-founders of Axie Infinity tweeted about the project\u2019s NFT trade volume. He wrote:<\/p>\n

What a day. Axie Infinity is the first NFT project to hit $1Bn in all-time NFT trading volume. History in the making.<\/p>\n

What do you think about the Axie Infinity project and how its assets have been performing lately? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nAltcoins, 1 million players, 218%, axie infinity, Axie infinity (AXS), Axie Infinity crypto, axs, BTC, BUSD, Cryptocurrency, ETH, Ethereum, Ethereum-based game, Markets, smooth love potion (SLP), Tether, USDT<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ethereum game Axie Infinity continues to see demand as the developer Sky Mavis revealed on Friday there are now more than 1 million daily active players. Additionally, the game token utilized within the Axie Infinity gaming universe tapped an all-time high at $52 per unit 10 days ago. Despite being down 18% from the…<\/p>\n","protected":false},"author":0,"featured_media":10645,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10644"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10644"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10645"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}