Axie Infinity of Vietnamese people set a new peak, market capitalization reached $ 5.7 billion

The Axie Infinity project is about to celebrate its 1 year anniversary on Binance in November. At that time, the Axie Infinity Shards (AXS) was offered for 0.1 USD and was not expected to exceed 1 USD.

Less than a year later, AXS continuously broke records, setting new peaks that surprised investors, players and observers. In last night’s trading session (September 4), AXS set a new milestone of $94, pulling its capitalization to a record high of $5.7 billion.

AXS hit $94 last night before being dumped and returned to the $80 price zone.

This result broke half-monthly AXS was flat in the middle of the $70 price zone and was often discharged when it approached the $80 resistance area.

AXS is a virtual currency in the Vietnamese blockchain game project Axie Infinity, developed by a studio called Sky Mavis. Since June, the game’s revenue has reached hundreds of millions of dollars due to a spike in player numbers with August revenue of $ 364 million, according to data from AxieWorld.

Axie Infinity helps many Filipinos make a living through the epidemic season, pictured is a map of player distribution in this island nation.

This portion of revenue is based on 4.25% of the commissions that Axie Infinity collects from players through trading in Ethereum. With Ethereum also approaching its peak value in April, the game’s revenue will also skyrocket, but it does not rule out the possibility that the developer will not be in a hurry to sell Ethereum.

As of the morning of September 5, AXS is currently worth $80 with a capitalization of $4.8 billion while Ethereum is priced at $3,885. The world’s largest virtual currency by market capitalization Bitcoin is currently still hovering around the $50,000 resistance area with a market capitalization of the entire virtual currency market reaching $ 2,270 billion.