Axie Infinity revenue jumped 85% in August

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Key takeaways Axie Infinity’s revenue jumped 85% from July to August. The game earns revenue from the sale of NFT. The game recorded $ 364 million in protocol revenue, up from $ 196 million in July. The latest growth statistics show that Axie has maintained its lead in the blockchain gaming space. Share this article

Axie Infinity continues to generate more revenue than almost all of the major cryptocurrencies, including Bitcoin and the market leaders in the DeFi and NFT spaces.

Axie Infinity’s revenues skyrocket

Axie Infinity continues its parabolic course.

Ethereum-based NFT gaming revenue increased over 85% from July to August. The game generated more fees than any other crypto protocol except Ethereum.

In August, the game generated $ 364 million in protocol revenue, up from $ 196 million in July, according to data from AxieWorld. This represents about 85.7% month-over-month growth.

Axie Infinity’s revenue in August followed only Ethereum, which cost $ 670 million. It ranks ahead of many top crypto projects including OpenSea, Uniswap, and Aave. In July, the game topped the rankings ahead of Ethereum.

Axie Infinity incorporates a game mechanic to win on top of the Ethereum blockchain. The game allows players to buy, breed, and trade digital pets called Axies, which take the form of NFT. The game generates income every time someone purchases an Axie.

The game deposits part of its income in a community treasury managed by the holders of AXS. AXS is Axie Infinity’s governance token, and it has skyrocketed as the game gains popularity. It has risen over 88% in the past 30 days, trading at $ 71.79 at the time of publication.

The game has been gaining traction in the crypto industry in recent months, in part thanks to its growing popularity in the Philippines. The rapid rise of the game has been one of the main topics of discussion in what the crypto industry has dubbed “the NFT summer”.

In early August, the team announced that it had reached more than one million active users of the game around the world. As the game has attracted more and more users, the in-demand Axies and Virtual Plots have also changed hands up to seven digits. Throughout the NFT summer, Axie Infinity’s trading volume has been among the highest of any NFT project, ranking alongside CryptoPunks, Bored Ape Yacht Club, and Art Blocks. The latest growth statistics show that Axie Infinity has maintained its lead in the blockchain and non-fungible gaming space.

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