PIXEL, an Ethereum-based token and native cryptocurrency of social Web3 blockchain video games Pixels, registered robust 18% features inside 24 hours of launch. At press time, the PIXEL worth is up 15% buying and selling at $0.5873 with a market cap of $452 million.
PIXEL Trading Volume At $1.4 Million
What’s extra attention-grabbing in regards to the PIXEL cryptocurrency is that its 24-hour buying and selling quantity has shot previous an enormous $1.4 billion. It at present ranks because the seventh-largest cryptocurrency when it comes to every day buying and selling volumes.
This signifies that throughout the previous day, PIXEL has seen extra buying and selling exercise than a number of well-known cryptocurrencies, reminiscent of Dogecoin (DOGE), Avalanche (AVAX), Cardano (ADA), and Polygon (MATIC).
Over the previous day, PIXEL stands out as essentially the most actively traded gaming token, surpassing its counterparts by a major margin. Following carefully behind is XAI, the token related to Arbitrum’s layer-3 gaming community, which recorded a buying and selling quantity of $278 million inside the identical timeframe. Notably, XAI reached a brand new all-time excessive worth on Sunday since its launch in January.
Comparatively, no different gaming coin managed to realize a buying and selling quantity exceeding $200 million throughout this era. Rounding out the highest three is Ronin (RON), the community supporting Pixels, with a buying and selling quantity of $150 million over the previous day. In a shocking transfer over the weekend, Pixels rewarded RON stakers with 20 million PIXEL tokens by way of an surprising airdrop.
The launch of PIXEL was extremely anticipated by crypto avid gamers, with the platform experiencing a surge in participant accounts in latest months. Since its migration from Polygon to Ronin final fall, Pixels has employed play-to-airdrop campaigns to spice up engagement, in the end rewarding roughly 28,000 of its high gamers.
What is Pixels?
Pixels (PIXEL) introduces gamers to an immersive social informal Web3 recreation expertise, powered by the Ronin Network. Within this fascinating open-world setting, gamers may also take pleasure in farming, exploration, and creativity to their coronary heart’s content material.
Now, let’s delve into the various roles of PIXEL, the native utility, and governance token, inside the Pixels universe:
- In-game Currency: PIXEL serves as the first forex inside the recreation, facilitating numerous transactions and purchases.
- NFT Minting: All future NFT creations from Pixels will likely be completely obtainable in PIXEL, including worth and uniqueness to digital belongings.
- VIP Membership: Elevate your gaming journey by buying a VIP Battle Pass utilizing the native token, unlocking unique perks and advantages.
- Guilds: Foster social connections and camaraderie by becoming a member of Guilds, an attractive social-fi characteristic inside the recreation, accessible by way of the native token.
- Quality of Life Upgrades: Users may also improve their gameplay expertise with premium in-game options and enhancements, obtainable with PIXEL tokens.
- Governance: Beyond transactions, PIXEL holds a pivotal position in governing the neighborhood treasury, guaranteeing neighborhood involvement and decision-making.
Pixels launched on Monday with a number of play-to-airdrop campaigns together with the Binance Launchpool reward program. The different cryptocurrency challenge employed play-to-airdrop campaigns to spice up engagement, encouraging participation and in the end distributing rewards to the highest 28,000 gamers.
The introduced content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
