Axie Infinity Dominates the Asian NFT Scene with an Impressive 80% Market Share

The non-fungible tokens (NFTs) world has seen remarkable innovation over the past few years. In Asia, Axie Infinity stands out among the crowd. According to BanklessTimes.com, Axie Infinity holds a commanding 80% share of the Asian NFT market.

Crypto specialist Alice Leetham made a statement regarding Axie’s current situation:

The success of Axie Infinity in Asia is evidence of the cutting-edge nature of blockchain technology. It demonstrates the extraordinary passion in our community. The NFT is essential in providing players and enthusiasts in the area with economic prospects. However, in order to continue leading, Axie needs to roll out additional intriguing features and broaden the play-to-earn NFT market in Asia and elsewhere.

BanklessTimes crypto expert, Alice Leetham

The Rise of Axie Infinity

Since its launch, Sky Mavis’ Axie Infinity has dominated the blockchain industry. The platform mixes aspects of gaming, collectibles, and blockchain technology. As a result, players can gather, breed, and fight fantastical “Axies.” Since these Axies are tokenized as NFTs, they can be traded as distinct assets on the Ethereum network.

{"image":"42ba8879-fd7d-4c64-ab75-e908553b0cba","content":"<p><a target="_self" rel="" href="https://www.banklesstimes.com/news/2023/08/08/axs-price-wavers-as-axie-infinity-users-crawl-back/">Millions of gamers</a> in Asia have been lured to the game by its novel play-to-earn approach. People wishing to make a living playing the game now have economic opportunities. A strong, dedicated community of gamers, investors, and developers has been established for Axie Infinity. The community has greatly influenced its success.</p>","layout":"imageLeft","rl":"https://storage.googleapis.com/moneturn-uploads/uploads/2023/09/1694707375-Asian .png","idth":"898","eight":"711"}

Axie Infinity vs. Other Asian NFTs

Axie Infinity vs. Decentraland

Decentraland, a virtual world built on the Ethereum blockchain, has also gained popularity in the Asian NFT market. However, Axie Infinity’s dominance is evident when we compare the number of active users and trading volume. While Decentraland boasts a considerable user base, it falls short of Axie Infinity’s numbers. Axie Infinity has over 250,000 daily active users, dwarfing Decentraland’s figures, which is only 650.

Regarding trading volume, Axie Infinity’s marketplace transactions surpass Decentraland. This highlights the strong demand for Axie Infinity NFTs and the active trading ecosystem it has fostered.

Axie Infinity vs. CryptoKitties

CryptoKitties is one of the earliest NFT projects. It gained immense attention in the blockchain community after its launch. However, its influence has waned significantly, especially in Asia. Comparing Axie Infinity to CryptoKitties, Axie Infinity is popular. It has successfully captured the interest of a broader and more dedicated user base.