Axie Infinity (AXS) Surpassed the $155 Milestone

by in Cryptocurrency News

AXS surpassed $150

The native token of the crypto gaming platform, Axie Infinity hit another all-time high, surpassing $155 today.

Related: Axie Infinity (AXS) Hit a New High After Announced Staking

Over the last 7 days, the price of the token went up by over 133%. Currently, it's the 20th largest cryptocurrency with a market cap of over $9.1 million. The project's valuation hit $30 B.

On September 30, the Axie team added a staking feature to the platform. Currently, the worth of staked tokens is around $1.87 billion. Recently, the co-founder of the company Jeff Zirlin, also known as "the Jiho" informed about launching a decentralized exchange in terms of the Scoop podcast. The DEX will enable users to buy and sell AXS and SLP (Smooth Love Potion) tokens on-chain.

Gamers receive SLP while playing Axie Infinity as experience points.

Ethereum-based play-to-earn game Axie Infinity was launched in 2018 by game developer Sky Mavis. The game is inspired by Pokemon. The in-game assets are represented through ERC 20 and ERC 721 tokens, allowing their trading on markets.

The game’s progress in 2021 has been impressive. Data from Dapp Radar shows that in Q3 this year, Axie Infinity’s revenue reached $782 M, which is 48 times more than the revenue generated in the last quarter.