The PIXEL token, launched Monday on Binance for the popular Ethereum game Pixels, has exploded in popularity, racking up over $1.3 billion in trading volume.
The PIXEL token, launched Monday on Binance for the popular Ethereum game Pixels, has exploded in popularity, racking up over $1.3 billion in trading volume. This ranks it as the 10th most traded cryptocurrency across the entire market, surpassing established names like Avalanche, Dogecoin, Cardano and Polygon.
This phenomenal performance extends to the gaming token market, where PIXEL reigns supreme with over $1.2 billion traded, dwarfing the next in line (XAI) by over $1 billion. Even the underlying Ronin network (RON), where Pixels operates, pales in comparison with $150 million in trading volume. This success follows an airdrop of 20 million PIXEL tokens to RON stakers.
The PIXEL game saw a strong player base, following months of growth on Ronin and successful airdrop campaigns fostered engaged user communities. PIXEL's launch was highly anticipated, fueled by player base growth after migrating to Ronin and incentivized by play-to-airdrop campaigns.
PIXEL is currently trading at $0.6129 with a $471 million market cap, gaining over 20% in the past 24 hours.
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