March 27, 2024
Pixels Game Surges Past $1 Billion in Trading Volume
Altcoins News

Pixels Game Surges Past $1 Billion in Trading Volume

Just one day after the debut of its PIXEL token, Pixels, the blockchain game, has surged past the $1 billion mark in trading volume, according to recent data.

The blockchain-based farming game Pixels is witnessing a remarkable surge in activity, with the trading volume of its native token, PIXEL, exceeding $1 billion as of Feb. 20.

According to CoinMarketCap data, the top five trading pairs by volume are predominantly on Binance, generating over $1.1 billion in trading volume, representing a 74.6% share. Alongside the increase in trading volume, the price of PIXEL has also risen by more than 16%, currently trading at $0.59, with a market capitalization of $455.7 million.

The excitement surrounding Pixels has also positively impacted Ronin, the blockchain network on which the game is based.

Data from Token Terminal shows that since the launch of the PIXEL token, the daily volume of transaction fees generated on the Ronin chain has reached $11,300, marking an all-time high since the beginning of the year, with the total fee growth rate over the past 90 days surging by 1,568%. Additionally, the total number of daily active addresses on Ronin has increased by 664% over the same period.

Pixels announced a 20 million PIXEL airdrop over the weekend for users who staked Ronin’s RON token, further incentivizing participation in the network.

Reminiscent of classic farming games like Harvest Moon and Stardew Valley, Pixels integrates a crypto token economy with NFT-based land plots and pets. Although initially developed on the Polygon network, the game eventually migrated to Ronin.

Image by Pixels

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