Axie Infinity, a popular video game, has reached one million daily active users. However, not every user who downloads the program will have the Axie monster NFTs necessary to play the game. The developer of the game says he is working on a new version for Android and iOS.
With surging NFT transaction volume and new all-time highs for its native AXS (Axie Infinity) governance token, the Ethereum-based monster-battling game Axie Infinity has recently risen to the forefront. And now it has more than 1.02 million active users, according to new figures. However, there is one important caveat to these DAU figures. The app is only available on Android, which means it’s not available on Windows or Mac OSes.
On Thursday, the first day of downloads for Axie Infinity, a game in which you play as an interactive video game monster, were recorded. The game is available for download for free, but it requires a team of three Axie monsters, which are sold as NFTs. On the market, each NFT costs between $200 and $300, with higher-value Axie’s fetching thousands of dollars.
Also, third-party “scholarship” solutions exist, including Yield Guild Games, a firm that allows Axie owners to loan their excessive NFTs to players on a profit-sharing basis. Some players, particularly those from developing nations, can make a living by playing the game and selling the SLP (Smooth Love Potion) tokens they gain in battle. FTX, a cryptocurrency exchange, said this week that it will support 137 more Axie scholars through the Yield Guild Games initiative.
Axie’s creator, Sky Mavis, claims to have over 910,000 daily active users and slightly over 836,000 wallets holding Axie NFTs. As of Monday, August 2, there is still a sizable percentage of folks who have downloaded and opened the game but are unable to play it. Sky Mavis did not provide any updated statistics on how many people own Axie and how many are downloading and opening the app. Despite this, Axie Infinity has experienced a massive increase in players in the previous two months. Sky Mavis had just over 108,000 daily active users on June 8, and by July 5, that figure had more than tripled to almost 350,000. Over the previous month, that number had nearly tripled, and it now exceeds one million.
The quick expansion, though, hasn’t been without its drawbacks. Axie Infinity has been struggling under the weight of increased user demand in recent weeks, with the game not always running properly. Furthermore, Sky Mavis has experienced challenges as a result of distributed denial of service (DDOS) attacks as well as server hosting issues.
Over the last 30 days, Axie Infinity’s official marketplace reported more than $1 billion in NFT transaction volume. Over the same time period, CryptoSlam reported $740 million in sales, bringing the total to $1 billion. The difference could be attributable in part to the fact that each purchase was calculated using the value of ETH (ethereum) at the time it was made, rather than using the current value.
The value of the game’s AXS (Axie Infinity) token has increased by more than 8,700 percent from $0.59 on January 1 to over $52 in late July.
In recent data by Crypto.co, AXS (Axie Infinity) is now at $44.46 and increased by 1.82% in a 24-hr chart.