The rising crypto game Pixels unleashed its token PIXEL on Monday after a giveaway campaign, and it’s on the rise! According to CoinMarketCap, PIXEL, the Ethereum token of the popular blockchain game Pixels, has seen its trading volume surge to over $1.2 billion since its launch on Monday morning.
Related: Binance Has The Announcement Again: ‘Pixels’ Token Launch Date & Staking Rewards
Currently, the price of PIXEL stands at over $0.56, a 15.8% increase in just one day since its morning debut. With this price, PIXEL’s market capitalization sits at $431 million, based on circulating supply, catapulting this gaming token into the top 200 most valuable cryptocurrencies.
That makes it the 11th most popular cryptocurrency in the entire market, based on over 8800 coins tracked by CoinMarketCap. This means that on the last day, more PIXELs were sold than some of the most popular cryptocurrencies out there, including Avalanche (AVAX), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC).
It’s also undoubtedly the best-selling gaming token of the day. Following close behind is XAI, the token of the third-level gaming network Arbitrum, with trading volume reaching $278 million in the last day.
Smart Pixel’s Airdrops
The popular blockchain farming and social game Pixels unveiled its token PIXEL on Monday morning, just as planned, after several game giveaway campaigns and Binance Launchpool reward programs.
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Binance went all out, boosting rewards through its Launchpool platform, offering a total of 350 million PIXELs to customers who staked Binance Coin (BNB) or the stablecoin FDUSD in liquidity pools for future gaming tokens. On 19 February morning, Binance listed the PIXEL token as anticipated.
No other gaming coin during this period has even come close to surpassing the market by $200 million in trading volume. Taking the third spot is Ronin (RON), the network behind Pixels, with trading volume totaling $150 million for the past day.
Over the weekend, Pixels’ developers also announced an unexpected giveaway of 20 million PIXELs for those who staked on the Ronin RON token, offering a free bonus for network supporters. Ronin’s price fell early Monday morning, but over the past week, RON still managed to grow by 17%. Earlier this month, the token hit a two-year high at $3.49.
About the Game
Pixels is a retro-style farming game reminiscent of classics like Harvest Moon and Stardew Valley, but with a crypto-token economy, land plots, and NFT-format pets. Originally built on Polygon, the game made a move last fall from one Ethereum scalable network to another, shifting onto Ronin, a game-focused sidechain.
It’s this game that’s credited with the rapid adoption of Ronin, whose daily active users skyrocketed from around 20,000 last fall to roughly 700,000 recently. Developer Sky Mavis initially launched the network for Axie Infinity in 2021, but gradually attracted more studios and games as Ronin gained traction as a notable gaming blockchain network.
To all the players who participated in Pixels’ game giveaway campaigns, tokens were handed out last week, which are now ripe for use after the PIXEL token was minted on Monday.
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Folks, what we’re witnessing in the cryptocurrency market right now is pure madness. Gaming tokens are already knocking on the top ten by trading volume, overtaking the old-timers’ altcoins in their dust. It seems gamers have decided to give traders a lesson and show what the world of blockchain gaming is made of.
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