TL;DR
- AXS token price surged over 100%, from $0.96 to over $2.
- Daily trading volume approached $1 billion during the rally.
- The surge coincided with planned updates to staking and a new Axie Score.
The digital token AXS gained more than 100 percent over seven days. AXS is the native token for the Axie Infinity game. Its price moved from approximately $0.96 to a peak near $2.02. This rise included a single-day increase of 64 percent. Trading activity for the token surged alongside its price. Daily trading volume approached one billion dollars during this period.
The increase in price and volume signals a return of attention to gaming-linked cryptocurrencies, often called GameFi. AXS outperformed several other major tokens in this category. The market valuation for Axie Infinity crossed 346 million dollars as a result.
The price shift coincides with planned updates to the Axie Infinity system
Developers are preparing a revised model for users who stake their tokens. Staking allows holders to earn rewards by locking their assets. A new system called Axie Score is also in development. This score will measure user activity and commitment. It will influence governance rights and how the platform distributes some rewards.
A separate token called bAXS is part of these changes
The new token will have a fixed one-to-one link with AXS. Its purpose is to adjust supply dynamics and encourage longer-term participation. A project co-founder stated that internal adjustments to token supply are a primary focus for the year. The comment framed these changes as a foundation for stability over time.
Futures volume linked to AXS surpassed 500 million dollars
Open interest, which shows active derivative contracts, reached 44 million dollars. This data indicates that traders opened new positions while others closed earlier bets against the token. The activity reflects a broader recalculation of risk around gaming tokens.
The growth for AXS fits a wider pattern across the GameFi sector
The total market value for gaming cryptocurrencies sits near seven billion dollars. Other digital assets like The Sandbox’s SAND and Decentraland’s MANA also posted gains recently. The sector’s collective movement shows a renewed appetite for digital assets tied to virtual worlds and online games. This trend marks a change from several months of limited price movement and lower trader interest.
