- User activity on Axie Infinity has consistently increased since 2023.
- AXS prices have also increased.
Axie Infinity, a leading play-to-eating platform, sees renewed interest in the gaming industry for NFTs and cryptocurrency ecosystems [AXS] User activity has increased since the beginning of 2023. Dapp Radar Indicated.
Read Axie Infinity [AXS] Price Forecast 2023-2024
The general cryptocurrency market decline in 2022 has led to a significant drop in user activity in the play-to-earn gaming ecosystem. by CoinMarketCap and Naavik 2022 Blockchain Gaming Report Published in November 2022.
These shocks came in the form of drops in daily active users, NFT sales volumes, and completed transactions.
Axie Infinity made a positive impact
Interestingly, so far, the 2023 trading year has seen renewed interest in NFT projects and blockchain games. Data from DappRadar shows a 59% increase in the number of unique active wallets on Axie Infinity each day.
Similarly, the game’s sales volume also increased steadily, increasing the number of active wallets. His total sales on Jan. 13 were $2.04 million, with DappRadar revealing that sales have increased by 214% over his past two weeks.
In addition, daily transactions for Play-to-Ear games have also increased by 105% since early 2023.
Source: DappRadar
The increase in Axie Infinity sales volume and number of transactions also had a positive impact on the daily revenue. So far this year, his daily earnings in the gaming industry have increased by 77%, according to Token Terminal data. In fact, last month, this was his 36% increase.
Source: Token Terminal
Real or not, here is the market cap of AXS in BTC terms
AXS won’t leave behind
The price of Axie Infinity’s governance token AXS, which was trading at $9.48 at the time of writing, has risen 58% over the past two weeks. Over the past 24 hours, altcoin values have risen by 19% and trading volumes have risen by 122%. coin market capitalization Indicated.
According to Cryptowatch, AXS shared a statistically significant positive correlation with Bitcoin. [BTC]its price has risen more than 26% since the beginning of the year.
A daily chart evaluation of AXS price movements revealed that the governance token was overbought at the time of writing. Key indicators such as the RSI and MFI are hovering at overbought highs of 81.02 and 89.35 respectively.
Source: TradingView AXS/USDT
