Axie Infinity

Get Axie Infinity (AXS) all time high price, historical charts, latest news and other information.

30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge holds the largest TVL. 
Cross-Chain Bridge TVL Continues to Climb
While the total value locked in decentralized finance (defi) is $258 billion, the TVL is split among a myriad of blockchains. This includes blockchain networks such as Ethereum (ETH), Binance Smart Chain (BSC), Solana (SOL), Avalanche (AVAX), terra (LUNA), tron (TRON), Fantom (FTM), and Polygon (MATIC).
Today, Ethereum commands $170.48 billion of the $258 TVL in defi or 65.89% of the aggregate. Binance Smart Chain captures $19.11 billion on Saturday, which is only 7.40% of the TVL. Solana commands a $13.86 billion TVL this weekend or 5.37% of all the value locked in defi.

Many of these defi networks leverage a connection to the Ethereum Virtual Machine (EVM) which allows the protocols to do various things like access liquidity pools and stake tokens. Users leverage cross-chain bridges to connect their assets to the EVM and to utilize Web3 wallets like Metamask, Safepal, and others.

Close to a month ago, on October 29, Bitcoin.com News reported on the $22.48 billion TVL in cross-chain bridges to Ethereum. Since then the TVL has increased by 9.56% to $24.63 billion with Axie Infinity’s Ronin Bridge leading the pack. Statistics from Dune Analytics show there are 135,148 unique depositors leveraging cross-chain bridge networks to Ethereum.

Besides Ronin, other cross-chain bridges connect to blockchains such as Avalanche, Polygon, Arbitrum, Fantom, Optimism, Boba Network, and Harmony. While Ronin’s bridge TVL is $7.4 billion, the AVAX TVL tied to cross-chain bridge technology is $6.7 billion. Bridges like Arbitrum and Optimism are used as a means to leverage Ethereum transactions but with lower fees.
Ethereum fees have dropped in recent times as the average ether fee according to l2fees.info is $9.64 per transaction. But the L2 (Layer 2) fee offered by Polygon Hermez is around $0.25, Arbitrum is $2.78 per transfer, and Optimism is $1.67 per transaction. L2 fees offered by Loopring are $0.26 per transfer and Zksync users will pay around $0.39 today.
What do you think about the increase in cross-chain bridge usage during the last 30 days? Let us know what you think about this subject in the comments section below. 



























30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity&#x2019;s Ronin Bridge hol...

news.bitcoin.com

Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days

Despite the Sandbox’s SAND gaining massively across the month of November, the native token of Axie Infinity ($AXS) has now surpassed it in daily sales volume.
Axie Infinity ($AXS) Tops SAND on Daily Sales Volume Chart
According to data from Cryptoslam, AXS traded the hands of roughly 35,000 buyers over 90,000 transactions — a 3.4% increase in daily sales compared to the previous day. That’s more than 100 times the transaction that SAND has seen in 24 hours, with only 485 buyers, trading 842 times in the same 24 hours timeframe. With this, Axie Infinity easily becomes top of the log on the list of NFTs with the highest daily sales volume — over $24 million of sales — within the last 24 hours.
NFTs Daily sales volume chart. Source: Cryptoslam
What Virtual Land Sells For 550 ETH?
NFT-based online videogame, Axie Infinity has confirmed late Thursday, that it has sold a slot of its virtual lands for 550 ETH (over $2.3 million). According to the developers of the game, this is a record amount, and the highest ever paid for virtual real estate.
Meanwhile, the obviously excited Axie Infinity could not conceal its joy at the sales, as the firm took to its official Twitter page to share the story, claiming that its digital nation has continued to shock the world.
Axies are non-fungible tokens (NFTs), or unique collectibles, which can either be minted, bought, or sold across different exchanges outside of the game.
According to the game, Axies live in a world called Lunacia. Now, in Lunacia, is a 301×301 square grid that has separate sections — with each representing a tokenized plot of land known as Terra. Game players have a right to either sell, or buy, or other times even rent out these plots of land to other players as they so desire. But according to reports, the particular land that was sold yesterday is under the ‘Genesis’ class — reportedly the rarest form of virtual land available in the Axie Infinity ecosystem.
Could this be the reason for the increased activity around Axie Infinity in the past 24 hours?
 
The post Axie Infinity ($AXS) Surpasses SAND in Daily Sales, Sells Virtual Land NFT For Record 550 ETH appeared first on Coingape.


Despite the Sandbox&#8217;s SAND gaining massively across the month of November, the native token of Axie Infinity ($AXS) has now surpassed it in daily sales volume. Axie Infinity ($AXS) Tops SAND on Daily Sales Volume Chart According to data from Cryptoslam, AXS traded the hands of roughly 35,00...

coingape.com

Axie Infinity ($AXS) Surpasses SAND in Daily Sales, Sells Virtual Land NFT For Record 550 ETH

This year, the Sky Mavis-crafted blockchain game Axie Infinity has seen incredible growth and has recently surpassed $3 billion in all-time sales. However, researchers at Naavik explain in a recent study that Axie Infinity players called ‘scholars’ are seeing daily earnings drop, and many have seen earnings dip below the minimum wage line of countries like the Philippines.
Naavik Researchers Take a Deep Dive Into Axie Infinity — ‘Scholar’ Earnings Have Been Dropping Since August
The Ethereum-based blockchain game Axie Infinity is one of the most popular video games hosted on a distributed ledger network. The game was developed by a studio called Sky Mavis, and as of this week metrics from dappradar.com indicate the game has seen $3.23 billion in all-time non-fungible token (NFT) sales. Sky Mavis launched the game in 2018 and the company is headquartered in Ho Chi Minh City, Vietnam.
Bitcoin.com News has covered the project on various occasions and just recently Sky Mavis revealed the launch of Axie Infinity’s native decentralized exchange (dex) called Katana. While the blockchain gaming project has seen exponential growth during the first half of the year, the daily earnings of the typical player are dropping, according to statements written by the Naavik researcher Lars Doucet. Naavik is a research, consulting, and advisory firm, and the report discusses blockchain gaming, NFTs, and Axie Infinity. 

The Naavik researcher, alongside Jimmy Stone, Anthony Pecorella, Aaron Bush, and Abhimanyu Kumar published a study on NFT gaming platforms and discussed whether or not Axie Infinity was an “infinite opportunity or infinite peril.” Doucet revealed some of the report’s findings on Twitter and discussed the project at length in a thread.
“After months of incredible growth, the daily earnings of the typical player of Axie Infinity (a ‘scholar’ in the Philippines) have fallen below the Philippines’ minimum wage line for all but the high ranking players, and even they have seen earnings decline since August,” Doucet wrote on November 12.
“‘Scholars’ are players, typically in developing countries, who cannot afford to purchase [three] Axies (NFT-based virtual Pokemon-like creatures) which are necessary to play the game. They are loaned these assets by ‘sponsors’ who take a cut of their earnings,” Doucet added. The research report is extremely in-depth and discusses the many developments surrounding the enormous growth Axie Infinity and Sky Mavis have seen.

Naavik Researchers: ‘Axie Infinity’s growth Spurt Somewhat Decelerating’—’Game Holds the Retention Rate of a Job’
The Naavik researchers explain that the team has also raised capital in a couple of seed rounds from investors such as Consensys, Delphi Digital, and Animoca Brands. The findings also note that “Axie Infinity’s daily active users (DAUs) have skyrocketed” and cumulative DAUs in September through October were around 1.45 to 1.95 million daily active users. The report details that the Philippines and Venezuela are the top two most popular Axie Infinity regions worldwide.

Meanwhile, Naavik’s researchers say that the game’s growth spurt might be slowing down. “This month-over-month DAU growth trend shows that Axie Infinity’s growth spurt is somewhat decelerating, but a deceleration following such an impressive burst of growth is to be expected,” the study details. “Deceleration is also supported by the following Google Trends graph in the Philippines and Venezuela, as well as worldwide in general.”

Naavik’s study explains that most Axie Infinity players come from low-income areas and the “foremost motivation is to earn money.” The research highlights that because of this trend, the game’s retention rate is more like “the retention rate of a job, not a game.” The study’s researchers note that this “isn’t necessarily a bad thing,” but it gives a different perspective than today’s most popular video games.
“It’s possible that as long as Axie Infinity enables its scholar-dominated player base to earn more income than they would doing normal jobs in their home countries, long-term retention and DAU growth will continue to remain healthy,” the Naavik authors opine. “All in all, Axie Infinity’s growth spurt is decelerating (although still positive), and a majority of its player base treats the game like a daily job to make daily financial ends meet.”
What do you think about the Axie Infinity report written by Naavik’s researchers? Let us know what you think about this subject in the comments section below. 



























This year, the Sky Mavis-crafted blockchain game Axie Infinity has seen incredible growth and has recently surpassed $3 billion in all-time sales. However, researchers at Naavik explain in a recent study that Axie Infinity players called &#x2018;scholars&#x2019; are seeing daily earnings drop, an...

Daily Earnings of Typical Axie Infinity Player ‘Fall Below the Philippines’ Minimum Wage Line:’ Report

Sky Mavis, the company behind the development of Axie Infinity, has launched Katana, the first decentralized exchange for Ronin, its custom-made Ethereum sidechain. Katana will feature all of the tokens used in Sky Mavis’ products, including SLP and AXS, the native tokens of the Axie Infinity ecosystem. This new product will allow users to earn rewards for providing liquidity.
Axie Infinity’s Katana DEX Launched
Sky Mavis, the developer of Axie Infinity, a breakthrough play-to-earn-based blockchain game, has launched Katana, a new decentralized exchange on top of Ronin. Ronin is Sky Mavis’ own tailored Ethereum sidechain, developed to satisfy the needs of users that complained about the high fees they had to pay for transacting on Ethereum’s Layer 1 (L1). With Katana, Sky Mavis makes it easier to manage Axie Infinity and introduces an alternative way of earning yield for users.
As with most decentralized exchanges, Katana will feature liquidity pools to serve other users in facilitating the exchange of their tokens on top of the same Ronin sidechain. One of the most interesting proposals of the exchange is the introduction of USDC as a supported token, making it easier for players of Axie to park their earnings in stablecoins to avoid volatility.

Sky Mavis Introduces Ron Token, Prices React
Katana also brings changes to the economics of Ronin. Until now, Ronin transactions were free, and each user had a quota of 100 free transactions per day. Going forward, however, the native token of the Ronin sidechain, ron, will be needed as gas to pay for transactions. Ron will also be offered as a reward for staking liquidity in Katana, this being the main incentive behind it. Sky Mavis stated they would be offering more information on ron specifics soon.
The first liquidity pools to be available in Katana will be AXS/ETH and SLP/ETH, which will distribute half of the rewards offered each.
The launch of the Katana decentralized exchange boosted the price of AXS and SLP, the two tokens of the Axie ecosystem. AXS hovered around the $140 mark on November 3, while on November 4 (EDT) the token reached a price peak of almost $160. SLP, the “wage” token of players in the Axie platform, shot up vigorously, going from $0.06 to a peak of $0.11, almost doubling its value in just a day.
What do you think about the launch of Katana, Sky Mavis’ first decentralized exchange? Tell us in the comments section below. 



























Sky Mavis, the company behind the development of Axie Infinity, has launched Katana, the first decentralized exchange for Ronin, its custom-made Ethereum sidechain. Katana will feature all of the tokens used in Sky Mavis&#x2019; products, including SLP and AXS, the native tokens of the Axie Infin...

Sky Mavis Launches Katana, a Native Dex for Its Ronin Sidechain

Solana (SOL) is now the fourth-most popular blockchain in terms of non-fungible token (NFT) sales volume.
According to data aggregator CryptoSlam, Solana’s NFT sales are the fourth-largest by volume. Leading the pack is Ethereum, followed by Ronin (a sidechain developed for the Axie Infinity play-to-earn game) and Worldwide Asset eXchange (WAX).



 
At time of writing, Solana’s total NFT sales since August stand at over $498 million. NFT sales on Solana hit an all-time high on August 31st when they reached a daily volume of around $37.7 million. The number of buyers hit a daily record of 6,521 on October 8th.
The biggest collection of NFTs on the Solana blockchain is the Degen Ape Academy series of ape digital collectibles. So far, the Degenerate Ape Academy has sold ape NFTs worth about 986,300 SOL, or nearly $227 million. At time of writing, SOL is trading at about $230, according to CoinGecko.
Solana’s rise to the fourth position by NFT sales volume on its blockchain coincides with SOL overtaking the Cardano (ADA) cryptocurrency by market cap.
Solana’s market cap is $69.4 billion while Cardano’s sits at $66.9 billion, according to CoinGecko. Solana is now the fifth-largest cryptocurrency by market cap with Cardano one place behind. Cardano is trading at $2.08 at time of writing, down by over 30% from its September all-time high.
Over the last 12 months, Solana has surged by about 15,500% while Cardano has gone up by 2,145%.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix




 

Check Latest News Headlines



 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/IgorZh/WhiteBarbie
The post Solana Becomes Fourth-Biggest NFT Blockchain As SOL Overtakes Cardano appeared first on The Daily Hodl.


Solana (SOL) is now the fourth-most popular blockchain in terms of non-fungible token (NFT) sales volume. According to data aggregator CryptoSlam, Solana’s NFT sales are the fourth-largest by volume. Leading the pack is Ethereum, followed by Ronin (a sidechain developed for the Axie Infinity play...

Axie Infinity price	$135.45
Low - High 24H	$132.53 - $137.19
Market cap	$8.92B
Volume 24H	$329.58M
All time high	$164.90 -18.05% November 6th 2021
All time low	$0.123718 109127.81% November 6th 2020
Genesis date	N/A

Recently viewed

Trending

Axie Infinity (AXS)

Performance

Axie Infinity News

Quick stats