In a previous blog post, we’ve written a few things about the Axie Infinity ecosystem. It’s a decentralized platform for Pokémon trading, and it’s already very popular, so I would assume this would be an interesting topic for the community. We have a blog post coming out soon, so I thought I’d kick things off with a question: What is Axie Infinity?

What is Axie Infinity? Axie Infinity is blockchain’s de facto in-game economy. It enables gamers to trade digital assets in a secure environment, where transactions are decentralized and validated by the blockchain. As the ecosystem continues to grow, Axie users are able to exchange cryptocurrency assets among each other without having to worry about a central authority or exchange controlling the transaction. This is why Axie is often called the Cryptoeconomy’s central bank.

Axie infinity is the top earning DeFi dApp. But what is it?

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Axie Infinity sees highest protocol revenue in the last 30 days among DeFi Platforms, pushing ahead of competitors like PancakeSwap and MakerDAO.

Ana Grabundzija · July 11, 2023 at 5:00 pm UTC · 2 min read

Axie infinity is the top earning DeFi dApp. But what is it?

A non-custodial game and marketplace, Axie Infinity (AXS), built on Ethereum (ETH) and adjacent blockchains launched back in 2018 and has recorded as much as $22.9 million in protocol revenue in the past 30 days, according to data analytics site Token Terminal.

Protocol’s boosted revenue surpassed digits reached by the competitors, such as PancakeSwap with $13,6 million and MakerDAO with $7,6 million and came accompanied by its native token’s price surge, recording almost 233% growth during the same time period.

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