Axie Part 1 - Fundamentals That Can't Be Overlooked

Axie Infinity is the digital battle pet game taking the world by storm. It’s the poster child of the play-to-earn gaming movement, helping thousands of people across the globe earn a living as we speak. Even billionaire Mark Cuban has caught the Axie bug, in his words, “now anybody around the world can play and make money playing.” Coupled with their recent launch of Ronin, the release of the Play-To-Earn documentary, and crossing the 1 million Axie mark, there’s plenty to be excited about at Axie. 

In this report, we take a deep dive into all things Axie. We present the latest statistics reflecting Axie’s soaring popularity, explore the economics of Axie breeding, examine the performance of Axie’s treasury revenue since the Ronin launch and observe the fascinating interplay between SLP price, supply, and burn. For those of you wanting to adopt a digital battle pet of your own, we provide an overview of the Axie marketplace. Finally, we leave you with an exploration of the exciting developments going on behind the scenes at Axie and what to keep an eye out for in the not-so-distant future.

Axie has been growing at an exponential rate since the launch of Ronin. It’s clearly demonstrating what rapid user acquisition looks like. As seen above, daily active users, Axie holders, monthly marketplace volume, and Discord members have seen significant growth since the end of April. The Axie community treasury has also grown significantly.

Axie Infinity has gained attention recently due to its play to earn design, especially after the video published by Play-To-Earn showcased how it has helped people in the Philippines make a living off playing Axie. Last year, a Venezuelan player published an article showing she could earn more playing Axie for a few days than working for a month. We used Google Trends to estimate “Axie Infinity’s” search popularity, 100 being peak popularity for the term and 50 being half as popular. We can see that interest in Axie grew massively in the past three months and has the highest interests in the Philippines, Venezuela, Cuba