Axie Infinity's AXS Token Up 700% From June Lows
Por um escritor misterioso
Last updated 16 julho 2024
![Axie Infinity's AXS Token Up 700% From June Lows](https://www.nasdaq.com/sites/acquia.prod/files/styles/710x400/public/Axie-moshed-860x430.jpg)
The rally in Axie Infinity’s governance token AXS is showing no signs of slowing down as users continue to flock to the play-to-earn battle economy amid lackluster action in the broader crypto markets.AXS token clocked a new record high of $23.60 early today, surpassing the previous peak of $22.50 reached Tuesday, according to data source Messari.The cryptocurrency was changing hands at $23.86 at press time, up 700% from the low of $2.36 reached on June 22, when the broader market tanked and bitcoin fell below $30,000 for the first time since early January.Axie Infinity shards, or AXS, is the governance token of the Axie Infinity platform, an Ethereum-based digital marketplace for the game Axie Infinity. "Axie Infinity, created by SkyMavis, allows players to earn income through non-fungible tokens, or NFTs, and cryptocurrencies by breeding, battling and trading digital pets called Axies," a Philippines-based Axie trader told CoinDesk.Players use AXS tokens to trade these digitized creatures. AXS holders can also stake their coins to earn weekly rewards and participate in governing the protocol. New entrants have to purchase at least three axies priced in ether, and the protocol makes money through axie sales, land sales, axie breeding fees and marketplace fees.Data tracked by Token Terminal shows Axie has raked in $51.3 million in the past 30 days, the most among decentralized finance (DeFi) protocols and blockchains tracked by the site. That’s four times more than the second highest, PancakeSwap with $12 million.According to DappRadar, the game is quite popular and is viewed as an income source in developing countries like Brazil, India, Indonesia, the Philippines and Venezuela.Axie Infinity has widened its lead over prominent DeFi protocols like PancakeSwap, Uniswap and Compound in terms of revenue collection since CoinDesk’s last update.Axie recently crossed $25 million daily trading volume, marking a 10-fold increase since early May, DappRadar CEO Skirmantas Januškas tweeted. Related StoriesBlockchain-Based Fantasy Soccer Platform Sorare to Raise $532M in Funding: ReportAnheuser-Busch Taps Vaynerchuk to Lead Beer Giant’s ‘Long-Term’ NFT PlayDamien Hirst’s NFT Experiment Explores Burning QuestionSoccer’s Copa America Trophy to Be Minted as NFT
![Axie Infinity's AXS Token Up 700% From June Lows](https://cryptopotato.com/wp-content/uploads/2021/07/AnyConv.com__PIC1234.jpg)
Against The Sentiment: AXS Skyrockets 55% to New ATH as Axie Infinity's Income Surge
![Axie Infinity's AXS Token Up 700% From June Lows](https://impactwrestling.com/wp-content/uploads/2020/09/Deonna-Purrazzo-vs-Mickie-James.jpg)
IMPACT! On AXS TV Preview: January 27, 2022 – IMPACT, 55% OFF
![Axie Infinity's AXS Token Up 700% From June Lows](https://cdn.decrypt.co/wp-content/uploads/2022/03/axie-infinity-origin-update-2022-gID_4.png)
Axie Infinity Drops 22% Over The Week Amid Fears of Token Unlock - Decrypt
![Axie Infinity's AXS Token Up 700% From June Lows](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2021-07/a404dd3d-d696-4135-b315-f7e59c179f0f.jpg)
Axie Infinity refreshes record high as AXS ascends 131% in just 3 days
![Axie Infinity's AXS Token Up 700% From June Lows](https://www.coindesk.com/resizer/DhvPCGT0nB790bueQ4_FImlzOFY=/arc-photo-coindesk/arc2-prod/public/RW2HVOJLBZACLFPD75EFLNML7A.png)
Play-to-Earn Project Axie Infinity's AXS Price Declines as $156M Token Unlock Looms
![Axie Infinity's AXS Token Up 700% From June Lows](https://dgen.network/wp-content/uploads/2021/08/image-19.png)
Axie Infinity: Community Building Success Story
![Axie Infinity's AXS Token Up 700% From June Lows](https://images.squarespace-cdn.com/content/v1/58af450eb3db2b0582612f1d/6b698f09-7c97-45d7-9249-c5e96d588e98/NaavikAxie9.png)
Axie Infinity (Part 2): Redemption or Ruin? — Deconstructor of Fun
![Axie Infinity's AXS Token Up 700% From June Lows](https://www.coindesk.com/resizer/6um3NX8YcW4ngBtgUm2ehYl5lKw=/arc-photo-coindesk/arc2-prod/public/53KTUEWQ7ZABRMYQC3VNLSZ4FI.jpg)
Crypto Gaming Token AXS Under Pressure as $215M Unlock Looms for Axie
![Axie Infinity's AXS Token Up 700% From June Lows](https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2020/03/Crypto.com-Chain-gID_6.jpg@webp)
Axie Infinity's AXS Token Down 30% This Week as Gamers Abandon 'Play-to-Earn' Title - Decrypt
![Axie Infinity's AXS Token Up 700% From June Lows](https://www.analyticsinsight.net/wp-content/uploads/2023/08/Screenshot-2023-08-03-153340.png)
The Sandbox (SAND) surges ahead of its token unlock, Axie infinity (AXS) season 2 introduces the concept of Eras, Trade faster and better with TMS Network (TMSN) decentralized platform
![Axie Infinity's AXS Token Up 700% From June Lows](https://responsive.fxempire.com/v7/_fxempire_/2023/10/Screen-Shot-2023-10-05-at-4.02.00-PM.png?width=1201)
Axie Infinity (AXS) Price Could Hit All-Time Lows Ahead of $70M Unlock
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