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.
- Ronin launch has been the key catalyst for Axie Infinity’s explosive growth over the past two months as daily active users reached 252,000 from just 38,000 at the end of April. The majority of new users are thought to be from the Philippines and Venezuela, as seen by their increase in interest from Google Trends.
- Axie’s community treasury has grown from less than $1M to over $14M in around two months from breeding and marketplace fees, implying a P/E ratio of 7.59 (Fully Diluted Valuation / 30D Annualized Earnings) for $AXS.
- Ronin has made breeding more accessible to many users due to negligible gas fees compared to Ethereum, resulting in the growth of Axie counts, breeding fees, and marketplace volume.
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