published by the game in October 2021, Axie Infinity confirmed that its daily active users had crossed two million, rising 300% between July and October.showed that it ranked ahead of Ethereum as the dApp with the highest cumulative revenue for that month.The unprecedented rally in the count of daily active users and revenue growth was short-lived, as the general bearishness that plagued 2022 led to a severe decline in interest in Axie Infinity.SLP rewards on 3 February 2022.
As the count of Axie holders fell, the trading volume for Axie NFTs and the virtual land plots also declined. According to data from, NFTs trade volume on Axie Infinity has fallen by 96% since Ronin was hacked in March. For context, Axie’s daily sales volume on the day of the Ronin hack was $1.25 million. As of 25 July, this was less than $50,000.While the Ronin Bridge was re-opened a few months later, NFT sales volume on Axie continues to plummet.