PIXEL, the Ethereum token of popular blockchain game Pixels, has racked up more than $1.2 billion worth of trading volume since launching Monday morning, according to data from CoinMarketCap.

That makes it the 10th most-traded cryptocurrency across the entire market, based on the more than 8,800 coins that CoinMarketCap tracks. That means more PIXEL has been traded than some of the most popular cryptocurrencies, including Avalanche (AVAX), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC) during the last day.

Go to video page

It’s also by far the most-traded gaming token over the past day. Next up behind it is XAI, the token of Arbitrum’s layer-3 gaming network, which has racked up $278 million worth of trading over the past day. XAI set a new all-time high price on Sunday after launching in January.

No other gaming coin has topped even the $200 million trading volume market during that span. In third place is Ronin (RON), the network that Pixels runs on, with $150 million worth of trading volume over the past day. Pixels awarded 20 million PIXEL tokens to RON stakers in a surprise airdrop announced over the weekend.

The PIXEL token is live. Image: Pixels

PIXEL Debuts to $441M Market Cap as Ronin Gamers Get Airdrop Tokens

Popular blockchain farming and social game Pixels debuted its PIXEL token Monday morning as planned, following multiple play-to-airdrop campaigns and a Binance Launchpool rewards program. And it’s already rising in value. PIXEL currently has a price of over $0.58 per data from CoinGecko, rising 15.8% on the day since its morning debut. At the current price, PIXEL has a market cap of $441 million based on the circulating supply, putting the gaming token into the top 200 most valuable cryptocurren...

NewsGaming
3 min read
Andrew Hayward

The PIXEL launch was long awaited by crypto gamers. Pixels has seen surging player accounts over the last few months after it migrated from Polygon to Ronin last fall, using play-to-airdrop campaigns to drive engagement and ultimately reward some 28,000 of the top players.

PIXEL is already up about 15% today to a current price of about $0.58, yielding a market cap of $450 million based on the current circulating supply of about 771 million PIXEL. It rose as high as nearly $0.69 earlier Monday, but has settled by nearly 15% since.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Edited by Ryan Ozawa.

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.