Crypto tokens tied to video game projects and platforms are some of the biggest gainers among the top 100 cryptocurrencies by market cap over the last week, as tokens like Axie Infinity (AXS), ApeCoin (APE), and Iluvium (ILV) put up considerable percentage gains.
Axie Infinity had a hot week, rising 12% over the last seven days per data from CoinGecko at a current price of $6.88. AXS popped to a nearly six-month high over the weekend, hitting a peak of $7.55. Even at the current price, AXS is up 35% over the past month, while fellow Axie game token Smooth Love Potion (SLP) is down 9% over the past week—but up 17% from 30 days ago.
Developer Sky Mavis made several announcements over the last week, including bringing back the original Axie Infinity monster battling experience (aka “Axie Classic”) and releasing its first wave of official Axie merchandise. Sky Mavis also opened up commercialization rights for owners of rare Axie NFTs, letting them turn their creatures into products and projects.
Axie’s recent rebound also comes from rising momentum around Ronin, its Ethereum sidechain network designed for blockchain gaming.
Ethereum Gaming Sidechain Ronin Is On Fire—Here's Why
Ronin may be best known as the Ethereum sidechain network behind Axie Infinity, the play-to-earn monster-battling game that flung NFT gaming into the spotlight back in 2021. But now Ronin is drawing attention for other games—and network activity is surging following last week’s launch of a game called Pixels. The number of active wallet addresses on Ronin has effectively tripled in recent days, according to data shared on Twitter by Alex Svanevik, founder and CEO of crypto analytics firm Nansen....
Adoption of Ronin has surged recently thanks to the launch of the new game Pixels, and the RON token popped 27% over the past week to a current price of $1.06. It has more than doubled in price in the last 30 days.
ApeCoin (APE) rose 7% over the past week, according to data from CoinGecko, at a current price of $1.63 per token. Over the weekend, APE hit $1.77, the highest price seen in over three months for the Ethereum token, which is tied to the Bored Ape Yacht Club NFT ecosystem and will power the upcoming Otherside metaverse game.
Illuvium Preview: Everything You Need to Know About the NFT Games and Airdrop
Illuvium is a sci-fi fantasy NFT gaming IP with four games in development: Illuvium Arena, Overworld, Zero, and Beyond. While each of these titles are separate games, they do offer some interoperability and cross-game rewards. The Illuvium team has also released its own Ethereum ERC-20 token, ILV, and its own marketplace, the Illuvidex. There’s also a community-based voting system in place with the Illuvium DAO, which suggests new initiatives for the Illuvium ecosystem. After years of developmen...
Also over the past week, Stepn (GMT) popped by 11% this week to nearly $0.29, Illuvium continued its recent climb with a 9% uptick to about $114, and the Treasure (MAGIC) gaming ecosystem token jumped nearly 24% to $0.83 after announcing plans to launch its own chain.
