TL;DR:

• The report explores GameFi through an in-depth data analysis of Axie Infinity’s Reach, Retention and Revenue.
• Using Covalent data, we’ve analyzed over 686M rows of on-chain Ronin data to give you unique insights into Axie Infinity’s player model and revenue metrics.
• The NFT marketplace facilitated more than $4B in sales for over 1.5M different wallets.
• The bridge has more than $5B capital inflow into the Ronin ecosystem.
• The median wallet can break even after 4.5 months of gameplay with revenue of $192 per month and a total cost of $862 to build a team.
• Our previous report titled “Axie Infinity Growth Pt. 1 - Approach to 10M Players” for insights into player growth and retention.

Covalent, along with our ecosystem partner ETHGlobal, is excited to announce the winners of NFTHack -a virtual hackathon held this past weekend drawing over 5x the interest than the event capacity and over $125K in prizes up for grabs! With a prize pool of $4K USDT for projects making use of the Covalent API, we saw a record number of submissions using our best-in-class NFT endpoints, and we’re pleased to have chosen 20 winning projects.

TLDR;

• Covalent has introduced 2 new Class A endpoints which provide granular NFT market data for numerous marketplaces across 5 blockchains – Ethereum, Binance Smart Chain, Polygon, Avalanche, and Moonriver.
• The new endpoints provide both a global view of NFT collections ranked by market cap, as well as a detailed view of historical sale and floor price information for a particular collection.
• Thus far, it’s been hard to understand markets outside of Ethereum/OpenSea. These APIs addresses this gap by providing unprecedented access to this much requested on-chain data.