GameFi Industry Tokens Are On The Rise Again

One of the fundamental reasons for the strong growth may have to do with the presentation of the way of governing the Axie Community Treasury. The project previously reported that its value had risen to $1 bln thanks to the growth of both the project itself and the GameFi industry as a whole. In the future, token holders will manage the use of resources, replenish resources, invest in various activities, and create resource groups to carry out important projects.

Despite the dramatic changes and updates, the increased interest in Axie can be attributed to the general increase in influx into the DeFi industry and related projects. GameFi has lost much of its popularity and TVL since early 2022.

Most projects using smart contract technologies such as Solana, Cardano and Ethereum are facing huge influx of funds and have added at least 10% to their value in the last few days. AXS has added 44% to its value over the past three days and is trading at $72.5 at the time of writing.

Image: Kryptografen