Metaverse Economics Alert! No matter what time window you pick, 1 week, 1 month, or 1 year, Axie Infinity is the most profitable protocol on the market. $84.9 million in the last month alone. This has me HYPED for what GameStop has to come!
Afternoon r/Superstonk, Jellyfish here with a reminder that the metaverse is going to turn GameStop into a money printing press!
PLEASE NOTE, THE DATA BEING REVIEWED IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT A RECOMMENDATION OR ENDORSEMENT OF THE PROJECT. THIS IS NOT FINANCIAL ADVICE, I JUST LIKE THE STOCK AND THE DIRECTION THE COMPANY IS LIKELY GOING.
Over the past week, Axie has made $38.3 million.
https://www.tokenterminal.com/home
Over the past month, Axie has raked in $84.9 million:
Over the past 90 days, $99.4 million:
180 days, $95.7 million:
last 365 days, $96.5 million:
This thing is exploding, and it makes sense! The other protocols on this list also make revenue via fees per interaction (for example, #2 pancake swap is .2% for every trade made). However, this is where gaming takes these protocols and their use to the next level--it has multiple bites at the interaction apple for revenue!
- Using the Axie model as an example, there is a 4.25% marketplace fee. Every time someone buys or sells an Axie creature, the seller pays this fee. The same fee also applies whenever someone buys plots of land, special items, or so-called โbundlesโ (some combination of the three).
- The second revenue-generator is a fee of 4 AXS (the gameโs native token) for โbreedingโ Axies to create more Axies. (1 AXS = $16.61 as I type this now)
- To start playing the game, users must have three Axies. And with an influx of new users every day, buying and breeding pressure is on the rise, resulting in all sorts of transactions, which are creating fees.
Buckle up!
Some other blockchain gaming items I have seen:
Not Axie, but roles someone can take on in another game to play-to-earn.
