Axie Infinity leads with 65% rally as GameFi tokens turn green
The post Axie Infinity leads with 65% rally as GameFi tokens turn green appeared on BitcoinEthereumNews.com.
Axie Infinity’s token, AXS, has been witnessing a significant price surge in recent days, and the rally has once again attracted attention to the GameFi sector, as it has outpaced several mid-cap altcoins. Commentators have noted that unlike previous spikes characterized by lower trading volumes, this surge seems to be backed by considerable trading activity and bullish market sentiments. Axie Infinity’s AXS is up over 100% in the past week According to data from Coingecko, Axie Infinity’s token $AXS went on a run today, surging by about 64% to approximately $2.02 and topping charts as the leader in the broader GameFi sector. Today’s rally comes after months of bearish movements and is happening as interest in the gaming sector is returning with multiple gaming tokens turning green, much to the delight of traders and investors. The price surge of the AXS token comes amid a marked improvement in daily trading volume, with the past 24 hours pulling in over $997M while the overall market cap stands at over $346M, indicating increased investor engagement. Analysts have attributed this positive price action to a return of investor appetite for high volatility sectors like GameFi as well as futures market activity and staking adjustments. The futures trading volume has exceeded $500M with open interest hovering around $44M, signaling short coverings and the creation of new positions. All that is happening amid recent changes to the project’s staking program as well as the introduction of new incentives, including an Axie Score rewards experiment scheduled for this year. More about Axie Infinity’s score reward The score reward is a metric that will reportedly reflect a player’s contributions to the Axie Infinity community, influencing governance and rewards. According to recent announcements, that reward will be transitioned into an app token version of AXS (bAXS). The token…
Filed under: News - @ January 17, 2026 9:23 pm