Axie Infinity’s treasury grew by $4 million in 2024

Sky Mavis has released a 2024 review of its Axie game ecosystem. 

In terms of daily and monthly activity, Axie Inifinity experienced two major surges thanks to the release of its quest based Bounty Board rewards system in April, and partnership with Coinbase’s Learn and Earn campaign in June. A joint initiative to engage users in educational quests, Learn and Earn incentivised activity by rewarding users with RON tokens for trading NFTs. As a result, its yearly trading volume exceeded $30 million, contributing to a general growth trend throughout 2024. 

During the latter half of the year, the Wings of Nightmare event, including a new NFT collection, in November contributed to another surge in trading volume. This resulted in a $4 million growth in the Axie treasury, with an average increase of over $330,000 in revenue per month.

The SLP Stability Fund’s monetary policies also resulted in an annualized deflation rate of 0.6%, which means more tokens were burned than emitted in 2024.

As for the AXS token, it started 2024 as number #71 of all crypto tokens, and is currently ranked at #119 to the price of $5.72 at time of writing. As such, it still remains higher than Ronin’s underlying ecosystem token RON, which currently is #144 and trades at $1.72.

A significant milestone for the Axie community was the launch of its governance portal. The portal enabled the first proposal being approved by the community. 

Looking at Sky Mavis’ three Axie games, they all experienced various degrees of updates, including: 

• Axie Classic introduced guilds, enabling players to team up, team vs. team gameplay, and new rewards.
• Axie Origins added Meta Morph, a feature allowing players to transform their axie’s cards. 
• Axie Homeland released a Passive Adventure feature and a new Avatar Mode, in addition to new rewards.