Axie Infinity Beats NBA Top Shot to Lead the NFT Space
NFT-based game Axie Infinity is leading the non-fungible token (NFT) space with $25.45 million in sales in the past week, according to CryptoSlam.
Axie Infinity’s numbers beat Dapper Labs’ NBA Top Shot which has been previously leading the nascent market for early 2021. NBA Top Shot also managed over $13.8 million in sales, nearly a 7% increase from the previous week.
Recently, users of the game spent $6.73 million on in-game NFTs in a single week to become the most valuable NFT collection. This came from almost 30,000 sales.
— Axie Infinity (@AxieInfinity) June 19, 2021
In the past 30 days, Axie Infinity recorded a 433% jump in sales at $80.6 million and claimed the top spot.
However, in the past 24 hours, Bored Ape Yacht Club is at the top with more than $6 million in sales, followed by Axie’s $4 million.
Axie’s popularity began in November last year and maintained it so far into this year with constant ups and downs.
Daily Axie transfers also rallied in November 2020 from a mere 500 to above 9,000. After slowing down in December and January, these figures started climbing yet again In 2021.
Axie Infinity’s governance token AXS, which allows token holders to vote for the direction of the game universe, is trading at $3.80, down more than 68% from its all-time high of $11.88 three months ago. Moon Overlord stated,
“NFTs are dead round up. Axie infinity continues to make ATH in basically every metric. Bored apes ATH in every metric. Wicked Cranium sold out in less than a hour, secondary sales have exploded today. Digital pickles are up 1500% this week.”