PIXEL

Pixels

Ronin

Galaxy Fox

Just a day following the launch of its PIXEL token, blockchain game Pixels has surged past the $1 billion mark in trading volume, recent data indicates. 
Blockchain-based farming game Pixels is experiencing a remarkable spike in activity, with the trading volume of its native token, PIXEL, surpassing $1 billion as of Feb. 20. 
CoinMarketCap data reveals that the top five trading pairs by volume are concentrated on <a href="https://crypto.news/tag/binance/" target="_blank" rel="noreferrer noopener">Binance</a>, where over $1.1 billion in trading volume was generated, constituting a 74.6% share. Alongside the surge in trading volume, the price of PIXEL has also seen an increase, rising by over 16% and currently trading at $0.59, with a market capitalization of $455.7 million. 
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 <img loading="lazy" decoding="async" width="950" height="539" src="https://crypto.news/app/uploads/2024/02/zniudfghd.png" alt="PIXEL token soars 16% as trading volume reaches $1b - 30" class="wp-image-14250545">
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 PIXELS markets | Source: CoinMarketCap
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 You might also like: <a href="https://crypto.news/ronin-crashes-26-immediately-after-binance-listing/"> Ronin crashes 26% immediately after Binance listing </a> 
The hype surrounding Pixels has also had a positive impact on <a href="https://crypto.news/tag/ronin-network/" target="_blank" rel="noreferrer noopener">Ronin</a>, the blockchain network on which the game has been released. 
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 <img loading="lazy" decoding="async" width="1024" height="503" src="https://crypto.news/app/uploads/2024/02/siudfhgdf-1024x503.png" alt="PIXEL token soars 16% as trading volume reaches $1b - 31" class="wp-image-14250546">
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 Ronin on-chain activity | Source: Token Terminal
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Data from Token Terminal <a href="https://tokenterminal.com/terminal/projects/ronin" target="_blank" rel="noreferrer noopener">indicates</a> 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 fees’ growth rate over the past 90 days surging by 1,568%. Additionally, the total number of daily active addresses on Ronin has increased by 664% over the same period. 
As crypto.news earlier <a href="https://crypto.news/pixel-launch-market-cap-ronin-airdrop/" target="_blank" rel="noreferrer noopener">reported</a>, Pixels announced a 20 million PIXEL airdrop over the weekend for users who staked Ronin’s RON token, further incentivizing participation in the network. 
Pixels, reminiscent of classic farming games like Harvest Moon and Stardew Valley, integrates a crypto token economy with NFT-based land plots and pets. Although initially developed on the Polygon network, the game eventually migrated to Ronin. 
 Read more: <a href="https://crypto.news/ronin-rallies-by-over-50-galaxy-fox-presale-approaching-4m/"> Ronin rallies by over 50%, Galaxy Fox presale approaching $4m </a>

PIXEL token soars 16% as trading volume reaches $1b

crypto.news

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