How Axie Infinity Players Earned (And Sometimes Lost) Fortunes: Cryptocurrency Rewards and Sale Statistics
Axie Infinity, once a booming play-to-earn (P2E) game, promised players real monetary rewards through cryptocurrency. But the story of Axie Infinity is a complex one, filled with both incredible success stories and cautionary tales. Many players, especially in developing countries, initially found themselves earning significant incomes, even fortunes, by engaging with the game. This was largely driven by the mechanics of breeding, battling, and trading Axies.
The Axie Infinity Ecosystem: Breeding, Battling, and Earning
Being a blockchain game, there’s much more to Axie Infinity than simply earning crypto tokens. The Axie universe is complex and decentralized and has become ever Players raise creatures, known as Axies, then lead them into battle and/or trade or sell them for cryptocurrency. There are two cryptocurrencies within Axie Infinity : Axie Smooth Love Potion (SLP) and Axie Infinity Shards (AXS). Players earn SLP by winning battles and completing daily quests. AXS holders can stake their tokens, participate in governance votes, and earn rewards.
Diverse Revenue Streams in the Axie Universe
Diverse Revenue Streams : Beyond traditional gameplay, users can engage in land ownership, scholarship programs, and even content creation surrounding the Axie Infinity ecosystem. These diverse streams provided players with multiple avenues to generate income beyond just winning battles. This made Axie Infinity appealing to a broad audience, including those who might not typically be gamers.
Increased User Engagement and the Allure of Real Rewards
Increased User Engagement: Players are flocking to Axie Infinity for the potential of real monetary rewards. The initial success of Axie Infinity fueled a surge in user engagement. The promise of converting in-game achievements into tangible cryptocurrency rewards proved incredibly motivating, drawing players from all walks of life.
The Rise and Fall: Axie Infinity Sale Statistics and Cryptocurrency Value
This paper tries to decipher consumer behaviour over the nascent gamified platform of a play‐to‐earn game, Axie Infinity, due to its fluctuating and subsequent depreciation of While the initial hype surrounding Axie Infinity was immense, the long-term sustainability of its economic model came under scrutiny. Using the P2E game Axie Infinity as a case study, this paper explores how economic rents are being made in a digital environment and examines the role of labor in driving rentiership.
The Cryptocurrency Crash and Its Impact on Players
However, the P2E model proved vulnerable to market volatility and changes in game dynamics. According to a report from April 2025, the price of Axie Infinity’s cryptocurrency token had decreased by 99% from its peak in February 2025. This led to a significant decrease in earnings for many players, highlighting the risks associated with relying on in-game cryptocurrency for income. The crash served as a stark reminder that cryptocurrency values can be highly volatile and that relying solely on P2E games for income carries significant risks.
Despite the challenges, Axie Infinity remains a significant case study in the world of blockchain gaming and the potential (and pitfalls) of play-to-earn economies. While the "fortunes" earned by some players might have been short-lived, the experiment has provided valuable lessons about the design and sustainability of future P2E games.