The blockchain gaming token PIXEL, recently listed on the Binance exchange, has swiftly ascended to the top 10 most traded cryptocurrencies. The PIXEL token, associated with the popular game Pixels, amassed an impressive trading volume exceeding $1.3 billion shortly after hitting the market. This significant financial traction reflects a surge in interest within the cryptocurrency community.
New Contender Outperforms Established Cryptos
Achieving an eighth position in trading volume rankings, PIXEL has outperformed established cryptocurrencies such as Avalanche (AVAX), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC). Pixels stands out as a leading project among gaming-focused cryptocurrencies, outshining even XAI, another game-based token that recently recorded a $278 million trading volume and hit its highest price last Sunday.
The PIXEL token’s performance is unrivaled among its gaming-focused peers, with no other project surpassing the $200 million mark in the same period. Ronin (RON), the underlying network for Pixels, places third with a $150 million volume. Enhancing its appeal, Pixels announced an unexpected airdrop over the weekend, pledging 20 million PIXEL tokens to Ronin network stakers.
PIXEL’s Significant Market Entry
Launched on a Monday morning, Pixels is a blockchain-based game that recently initiated a successful play-to-airdrop campaign and participated in the Binance Launchpool reward program. Trading at $0.56, PIXEL has quickly secured a spot among the top 200 cryptocurrencies. Its market entry follows significant pre-launch hype, with an uptick in player accounts after its migration from Polygon to Ronin last fall.
The gaming token took an innovative approach to engagement, rewarding the 28,000 most active players through play-to-airdrop campaigns. This strategy has evidently paid off, with PIXEL’s launch marking a noteworthy accomplishment within the crypto gaming sector.