Axie Infinity Leads the Play-to-Earn Market with 1.8 Million Users
The concept of earning income while playing games (play-to-earn) has emerged as the latest trend in the cryptocurrency ecosystem. NFTs and the Metaverse offer new avenues for using tokens in games and receiving rewards. Leading this trend is Axie Infinity.
Since the launch of Axie Infinity's native token AXS, it has seen a staggering 150,000% increase, rising from $0.08 to its current price of over $120.
The play-to-earn model has significantly boosted the game's popularity, attracting players from diverse countries such as Vietnam, Brazil, Philippines, and Venezuela. According to the latest reports, Axie Infinity boasts over 1.8 million daily active users, with AXS achieving a daily trading volume exceeding $520 million.
