In these tough times for crypto, finding great deals is not easy! But in recent days, a promising crypto has been emerging. The price of this crypto breaks record after record.
What is the Axie Infinity (AXS) token?
Chances are, the name Axie Infinity means nothing to you unless you are a fan of games from the lineage of Pokemon and the Tamagotchi! Axie Infinity was established in 2018 by the company Sky Mavis, mainly based in Vietnam. It is in fact an online gaming platform where players can collect, feed and fight against… Axies ! From a game point of view, an Axie is a creature that can fall into the category of aquatic, volatile, plant, reptile, etc. Each Axis must be created from body parts that are purchased by players. Thus, each Axie has different attributes in terms of power and capabilities. In crypto jargon, an Axie is therefore a NFT which can be purchased on the Ethereum blockchain.
“Axie has generated more revenue than Metamask, PancakeSwap, Synthetix, MakerDAO and Curve REUNIS. Axie is still a fairly basic product but there are plenty of upgrades coming over the next 9 months. »Jeffrey Zirlin co-founder of Sky Mavis
Over the last 30 days, the income of the Axie Infinity token amounted to $ 22.6 million. If that doesn’t ring a bell, know that it is token that generates the most revenue today. For comparison, the second highest revenue token is PancakeSwap with “only” $ 13 million! Over the last 7 days, the gap between the two tokens is even greater with $ 12.4 million in revenue for Axie Infinity while PancakeSwap only generated $ 2.3 million!
The price of the Axie Infinity (AXS) token is exploding!
The success of the Axie Infinity game is unsurprisingly transcribed in the form of the token price. After being slightly impacted by the crypto crash of May 2021, the price of Axie Infinity is in full explosion since the end of June 2021. Moreover, on July 7, 2021, the AXS price established a new historical record with € 11.82.
Over the last 7 days, Axie Infinity is the best performing crypto with an increase in price of over 170%! Same observation over the last 24 hours with a 30% jump in its price, which again makes it the best performing crypto!
Currently, Axie Infinity’s market capitalization is estimated at $ 726 million, which places AXS as the 83rd largest crypto in the world.