The crypto market was stunned by a piece of news today: the single-day revenue of the blockchain game Axie Infinity exceeded $8 million.

According to Token Terminal data, the revenue of the NFT+ blockchain game project Axie Infinity in the past 30 days hit a new high, breaking through 66 million US dollars, and continued to maintain the first place in the DeFi protocol revenue list. At the same time, its revenue in the past 7 days was close to 40 million US dollars, a new high. In terms of daily income, on July 15, Axie Infinity’s daily income exceeded US$8.2 million, a record high.

And you must know that in June 2021, the highest-grossing mobile game in the world is Tencent's "Honor of Kings", with a monthly revenue of 277 million US dollars. The average daily income is about 9.2 million US dollars. In other words, a GameFi game is already close to the most profitable game in the world in terms of revenue. Does this mean that NFT has broken the circle.

But there is actually an element of exaggeration in it.

First of all, the $8 million is not the daily income, but the transaction volume on the chain. The real income is not so much, but it is enough to show that the game is popular. Second, the most important thing about the popularity of the sector is the continuity, not the peak. Compare it with other people's averages in a few days, and there are many cases of "spurious" in this market, mainly depending on the situation later.

In any case, the energy of this game is still very good. We can also learn two things from it. The first is that there is still money in the market, and there are more money than we thought, especially the entire GameFi sector has been blocked in the past two days. Drive it up and things are going great. Now the funds in the market are to speculate on the new rather than the old. When new concepts come out, there will be opportunities to attract funds, while the old sectors can only wait for the trend to rotate.

The other is that with the explosion of Axie, there will definitely be many imitators of Axie and even imitation discs in the name of the next Axie. It is recommended that you keep your eyes open at this time. Sometimes if you miss it, you will miss it. , You can pay attention to this forum when it is hot, but you must distinguish clearly the projects that forcibly build a relationship with Axie. Don’t get on the bus in a hurry at this time. When the opportunity comes, the first thing to worry about is the risk.

On the other hand, Bitfinex, which caused panic in the market some time ago, has made progress recently. Fortunately, this time it is good news. The situation of borrowing currency has finally not further fermented, and there are signs of gradual repayment. It can be seen that in the past two days After reaching the peak of 17,000 borrowed coins, about 1,500 have been repaid directly. It seems that the interest on borrowed coins is relatively difficult. Although there are so many coins this time, the current market low is around 31,000 US dollars. In the coin smashing, one of them reached around 28,800 US dollars, and the other time it reached around 30,000 US dollars. Instead, the position of the coin is getting higher and higher. Does that mean that the coin is returned when the coin cannot be smashed? There is no such possibility.

Back to the market, today's daytime market is still dominated by weakness, the highest rebound position is only around 32,000 US dollars, and then it starts to pull back again, and the overall fluctuation is relatively small.

If you look back, the market in the recent period is similar to the same period last year. From May to July, the market was very flat. The amplitude of the same period last year was even smaller. What are the plates? It is DeFi, which is also similar to the current situation. The current popularity of the GameFi sector is approaching that of DeFi last summer.

But the difference is that there was no trouble with Bitcoin itself at that time, especially from the official pressure, while the current Bitcoin is in controversy. Not surprisingly, it should have reached the middle and late stages of the crackdown. Wait for the impact of this aspect After weakening, let's see if he can be nirvana like last summer.

The lower support within the day is concerned about 30,000 US dollars, and we still need to pay attention to the market on Friday today.