Thursday, December 7, 2023

Axie Infinity records low sales for third consecutive month

Axie Infinity, a P2E game, saw a drop in sales for the third consecutive month in 2022 after achieving milestones last year. Dwindling volume over the last month could have a huge impact on the fortunes of Axie Infinity as it also features NFT collectibles. It gained more than 11,800% of March 2021’s sales in July when the NFT product began trending online. Axie Infinity generated a sales volume of about $666 million.

The platform continues to record sales that, when compared to the milestones achieved in July, August, September, October, November, and December 2021, are described as a “mere fraction”. The total sales volume of Axie Infinity for the month of March 2022 was down from the previous month. It made only $82 million in February, while $31 million in March – a 61% decline.

Analysts say Axie Infinity’s fall started in December 2021, when it shed 60% of November’s new high. The market took a bearish stand and the platform’s sales volume dipped to $301 million from November’s high of $753 million. Analysts attribute the decline to primary factors such as decreasing unique buyers, average sales, and transaction counts. In November, Axie Infinity recorded an all-time high of unique buyers 520,425, which fell to 424,325 in December.

Furthermore, Axie Infinity’s native token AXS has also seen its price fall. In the last 24-hours, AXS is down by 8.22% as per CoinMarketCap and is trading at $58.62. It lost nearly 10% of its price in the last seven days.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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