Axie Trends Toward Infinity

JUL 14, 2021 • 7 Min Read

Yan Liberman, CFA, CAIA + 2 others

Disclosure: Delphi Ventures has invested in AXS. Members of our team also hold AXS and Axie NFTs. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only, and you should not make decisions based solely on it. This is not investment advice.

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Axie Infinity has increasingly captured the attention of the crypto world. In fact, Axie Infinity has generated more revenue than Bitcoin in the trailing 30D, at ~$52m and ~$42m, respectively, according to data from Token Terminal. At the end of June, we released a deep dive into Axie’s recent growth. The two-part report explored Axie’s accelerating adoption and the fundamentals driving it, in Part 1 and Part 2. We recommend giving these a read first for a more thorough understanding of the ecosystem and topics detailed below. 

In this post, we’ll analyze key, fundamental metrics and how they’ve changed since our last post two weeks ago. Additionally, we’ve updated our forward-looking assumptions. Our projections were intentionally conservative, but the recent growth requires some upward adjustments.

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Yan Liberman, CFA, CAIA + 2 others