$4 billion NFT listing from Axie Infinity

This milestone came on the heels of Axie Infinity reaching a record sale of $4 billion for non-fungible tokens (NFTs). As a result, the game has become one of today’s best-selling NFT games. Since it was released more than two years ago. In addition to being ranked #1 on our list of Top 5 NFT Games. The game added another accolade to its resume.

According to the latest NFT metrics post, Axie Infinity has now accumulated $4.1 billion in trading volume. With respect to overall sales, the game ranks third behind OpenSea ($21.85 billion) and LooksRare ($16.85 billion). Axie also surpassed 1,905,222 lifetime traders, becoming the first NFT game to ever accomplish this feat. Even though Axie continues to lead the play-to-earn model, their sales saw a significant drop last week, with a trading volume of 40.58% during the last seven days. 91,940 bidders took part in 267,906 transactions, raising a total of $19,815,670.

Axie Infinity still going up

The sudden drop in sales could be the result of the price drop of Smooth Love Potion (SLP), the token that is farmable in Axie. This value has been falling steadily for more than six months, with a massive 70% downward curve. Investors pull out their NFTs, whether they are Axies, SLPs, or the breeding token Axie Shards (AXS), for this reason alone. Additionally, why scholars are choosing to discontinue their Axie scholarships.

Version 3 is underway

Sky Mavis announced their plans for this year, especially with the release of the game’s Version 3 known as Origin. A mechanism to mint SLP to meet the current demand in the market is expected to be implemented in the next few months. Consequently, the SLP value will likely rise, and demand will rise as a result.
As well, the rewards for Adventure and Daily Quest SLPs are no longer available in Version 2. As well, the rewards for SLPs in Arena mode are lower. However, the changes have not had a huge impact thus far on the market. However, this already offers a way to reduce the massive production of SLP as the player base grows and gameplay increases more and more.

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