Just one day after launching its PIXEL token, blockchain game Pixels has surpassed the $1 billion mark in trading volume, recent data indicates.
Pixels, the blockchain-based farming game, is seeing a notable increase in activity, with the trading volume of its native token, PIXEL, surpassing $1 billion as of February 20.
Data from CoinMarketCap reveals that the top five trading pairs by volume are concentrated on Binance, where over $1.1 billion in trading volume was generated, constituting a 74.6% share. Along with the increase in trading volume, the price of PIXEL has also seen an increase, increasing by over 16% and is currently trading at $0.59, with a market capitalization of $455.7 million.
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The hype surrounding Pixels has also had a positive impact on Ronin, the blockchain network on which the game launched.
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Token Terminal Data indicates 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 last 90 days increasing by 1,568%. Additionally, the total number of daily active addresses on Ronin increased by 664% during the same period.
As previously reported by crypto.news, 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 and pets. Although initially developed on the Polygon network, the game eventually migrated to Ronin.
