Axie Infinity Active Holders Reach New ATH With 420% YTD Growth

Axie Infinity active holders reached a new all-time high with a 420% growth on a year-to-date basis and the platform continues its impressive performance this year so let’s read more in our altcoin news today.

Popular NFT gaming platform Axie Infinity continues to see increased adoption from users after exponential growth in the number of wallet addresses. According to the data provided by IntoTheBlock, Axie Infinity Shards ownership is rising with 17,480 address holders which is a figure that represents a new all-time high and 420% increase year to date. In the meantime, the growth is only showing the rising popularity of Axie Infinity and the NFT gaming interest.

Back in July, the reports showed that the value of the AXS token skyrocketed about 400% within one month which lead to a market cap of over $1 billion. AXS was among the assets listed on other exchanges like Coinbase Pro which also gave an immediate boost. Axie Infinity was developed by Sky Mavis and released in 2018 and it became popular thanks to its paly to earn trend and recorded a number of impressive milestones over the past few years. The data from DappRadar shows that the project recorded over $2 billion in NFT sales volume which only solidified Axie’s place as the most valuable NFT collection which surpassed names like NBA Top Shot, Art Blocks, and more.

The Axie Infinity active holders increased as the data shows that more than 600,000 users trading NFTS and result in 4,887,645 transactions with the proejct boasting over 1.5 million daily active users. As per Jeff Zirlin, the co-founder of the platform, half of the users of the platform got to interact with crypto and blockchain for the first time thorugh Axie while 25% of them didn’t own a bank account. The NFT industry is becoming more popular with celebrities and companies that are buying digital art in different forms or selling them. However, blockchain-based games are seeing a special kind of attention. The reports from DefiPRime stated that the NFT gaming market has a total value of nearly $180 billion with the value estimated to rise to $196 billion:

“NFT games may have the potential to become the standard for the gaming market if it sees enough attention and popularity. Already they have made major changes to games and made it much more fun for players. From there, it could be a very major change to the way people play games and could be as major as Doom was to the market or 3D was for environments.”