nft game image banner for Top 5 NFT Games by Volume

Top 5 NFT Games by Volume

Posted August 16, 2022 2:29 am
8 min
By Deep In The Sesh

NFT gaming isn’t going away anytime soon. In fact, the industry is still moving at breakneck speed, so you’ll be forgiven if you miss it passing you by. Luckily, we’re here to keep you up to speed. 

Wondering which games are still seeing strong NFT sales volume? We’ve got you covered with the top five games based on 30 day NFT volume.  

#1 Axie Infinity

Axie Infinity Banner

Anyone who’s paid attention to the NFT space won’t be surprised to see Axie Infinity as the number one game by total volume over the past 30 days. Axie is the OG and the 800-pound gorilla when it comes to blockchain gaming. For those of you who don’t know, here’s a brief overview of Axie: 

  • Founded in 2018 by Vietnamese studio Sky Mavis, the game exploded in 2021 as the bull market was in full swing and the pandemic had profound effects on how people spent their time.
  • Originally launched on the Ethereum Network, Sky Mavis created its own side chain called Ronin in order to facilitate cheaper transactions. 
  • The game lets players collect and mint NFTs which represent axolotl-inspired digital pets known as Axies. These creatures can be bred and battled with each other within the game. Axies can be purchased with ETH and the in-game currency is called Smooth Love Potion ($SLP) and the Axie Infinity governance token is $AXS.
  • At the height of its popularity Axie’s governance token, $AXS, was valued at close to $10 billion and the game was so widespread in the Phillipines that taxi drivers accepted $SLP as taxi fare.

Like many NFT games, Axie has experienced huge boom and bust cycles. The $AXS token peaked at ~$160 in November 2021 and has since slumped back down to ~$18. The $SLP token has faired even worse, dropping 98% from its peak of $0.36. This recent poor performance can be attributed to the in-game economics and incentives, the bear market, and the $625M Ronin hack last March that shook investor and player confidence.

And despite all that, the game continues to churn out the highest volume of NFT sales as the Axie ecosystem is wide and deep; there are hundreds of gaming guilds and thousands of scholars. According to DappRadar, over the last 30 days, Axie had ~458,000 players, down 19%, and racked up $159 million in NFT volume, a 30% increase. 

Axie Infinity Dappradar statistics. Users, NFT volume, transactions, balance

#2 The Sandbox 

The sandbox banner

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain. Best known for its two mobile games The Sandbox and The Sandbox Evolution, the platform has generated over 40 million downloads across iOS and Android.

In 2018, developer Pixowl decided to bring this User Generated Content gaming IP and large community of creators from mobile to the blockchain. The goal was to disrupt game makers by rewarding users for creating content and allowing ownership of in-game assets. 

Fast forward to today and the power of this platform relies on the ability for anyone to create an NFT.  Even more so, anyone can create a game or buy and sell their creations on an open marketplace. 

The Sandbox uses several token types to maintain a circular economy:

  • SAND: the in-game currency and the basis for all of the ecosystem’s transactions and interactions.
  • LAND: a digital piece of real estate in The Sandbox metaverse.
  • ASSETS: a token created by players who build/assemble user generated content (UGC). ASSETS utilize the ERC-1155 standard and can be traded on the marketplace, with their main utility being to serve as creation elements in The Sandbox Game Maker.

Like most blockchain gaming projects we saw a big run up in $SAND’s price during the bull market which has since come back down. However, the game continues to build and has seen good numbers over the past 30 days. According to DappRadar, Sandbox had 9,440 users, a 97% increase and generated $121.6 million in NFT volume, a whopping 161% increase.  

The sandbox Dappradar statistics. Users, NFT volume, transactions, balance

#3 Nine Chronicles

Nine Chronicles banner

Nine Chronicles is an idle role-playing game (RPG) where you can play, mine and govern in a fantasy world. The game has the following features: 

  • Dungeons – includes original characters and unique monsters from nine different realms
  • Crafting – collect and combine raw materials from dungeons to build unique items
  • Trading – craft special items and trade with other players
  • Strategy – come up with your own strategy to explore deeper in the nine realms
  • Arena – match up with other players to compete for the top spot

The game includes various ways to play including completing adventures, mining to convert computing resources to gold, balance supply and demand as a merchant or issue and pass amendments as a politician. 

Nine Chronicles Gold ($NCG) is the main currency used in the world of Nine Chronicles. Players can spend NCG to craft powerful items, trade with other users and challenge each other.

Per DappRadar, Nine Chronicles had 30 day NFT volume worth $10.4 million, a 2% increase. And, despite the bear market the game continues to show growth in users at 20,790, a 4% growth for the 30 day period. 

Nine Chronicles statistics. Users, NFT volume, transactions, balance

#4 DeFi Kingdoms

Defi Kingdoms banner

DeFi Kingdoms is a cross-chain, play-to-earn game built on a DeFi protocol with plans to become a fully-fledged MMORPG in later phases of the Roadmap. The game features DEXs, liquidity pool opportunities, and a market of rare, utility-driven NFTs. 

Most of the gameplay in DeFi Kingdoms revolves around Heroes, the utility-based NFTs that can gather resources through Profession quests. Examples of profession quests include fishing, foraging, mining and gardening. 

The game lives on two different blockchains: Harmony and the DFK Chain, which is an Avalanche subnet. On the Harmony chain the game takes place in Serendale and the utility token is $JEWEL. For the DFK Chain, the game is set in Crystalvale and the utility token is $CRYSTAL. 

According to DappRadar, Defi Kingdoms had 30 day NFT volume worth $8.7 million, an 85% decrease. The game clocked in 55,340 users, a 20% decrease from 30 days earlier.  

Defi Kingdoms Dappradar statistics. Users, NFT volume, transactions, balance

#5 APEmove

ApeMove banner

Coming in hot on the back of the move-to-earn movement and rounding out our list is APEmove. After the success of STEPN we’ve seen scores of new projects building on the move-to-earn model. APEmove is built around an essential daily activity for most people – moving around.

Users equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn in-game currency, which can either be used in-game or cashed out for profit.

The project was launched on Binance Smart Chain and has two tokens. The game token is $APE and the governance token is $BAPE. 

APEmove has shown solid numbers over the last 30 days: 16,660 users, an 82% increase, and $8.19M in NFT volume which makes a 3% increase. 

ApeMove Dappradar statistics. Users, NFT volume, transactions, balance

Conclusion

This has been just a small slice of the overall NFT pie. What we are seeing is a mixed bag in terms of volume and player growth. Volume grew for three of the top five games over the past 30 days, which is encouraging. This shows there is continued demand for NFT games. Currently, the top chains for NFT games are Ethereum, Binance Smart Chain and Avalanche. We’ll be keeping tabs on all three of these chains and the industry as a whole, so stay tuned for more insights soon.

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