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Vietnam’s Axie Infinity still dominates NFT market

Among Blockchain games, Axie Infinity is still the most searched NFT project for in the past month, with 3.86 million searches, according to Design Bundles report.


Axie Infinity của người Việt vẫn thống trị thị trường NFT

Nguyen Thanh Trung - the founder of Sky Mavis, the developer of Axie Infinity. 


The search for Axie Infinity far exceeded the NFT projects behind, such as The Sandbox in the second position with 555,000 searches and NBA Prime in third place with 477,000 searches. Surprisingly, the famous and expensive NFT collection like CryptoPunks ranked 9th in terms of search.

The reason behind is that the GameFi model that Axie Infinity developed makes NFTs an important and indispensable resource for gamers.

To participate in the world of Axie Infinity, players must own at least three Axies (game characters). These game characters are NFTs, contributing to the demand for NFT Axie Infinity in the market.

According to statistics of Axie Infinity Marketplace, in the last 24 days, up to 28,400 NFT Axies were successfully traded. The total volume of transactions in a single day also reached 1.5 million USD.

In the past month, nearly 1.2 million NFT Axies were sold, with a trading volume of more than 72 million USD.

A few days ago, Axie Infinity became the first NFT project to reach 4 billion USD in revenue. Meanwhile, CryptoPunks project with extremely expensive NFT avatars has so far only reached 2 billion USD in revenue.

After the initial fever, Axie Infinity has maintained strong sales of NFTs. However, due to fluctuations in the Bitcoin price, the price of the Axie Infinity (AXS) token has been severely affected.

Photo: The total transaction value of Axie Infinity NFTs has surpassed $4 billion, the highest among NFT projects in the world.

As of March 8, each AXS token was priced at 46.4 USD, just a third of what it was during its peak period (160 USD). The total market capitalization of Axie Infinity is now estimated at 2.8 billion USD, ranking 3rd in NFT segment and 44th in market capitalization compared to Blockchain projects globally.

Trong Dat

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