AXS has risen over 21% in the past 24 hours, becoming one of the top-performing GameFi tokens today. Alongside the rapid price increase, contract trading volumes have surged, indicating renewed investor interest in Axie Infinity and the blockchain gaming sector.
Terrariums V1 is live
This rally was initially driven by the latest gameplay update for Axie Infinity. The project launched Terrariums V1, introducing a new passive land management system. Users can deploy Axies, generate Atia’s Flame, and participate in the new reward distribution system.
For the market, the significance of this update lies in creating new use cases for the token, rather than relying solely on secondary market trading. Over the past period, the GameFi sector has clearly seen a decline in momentum, partly due to insufficient product updates. Following this release, expectations for increased activity within the AXS ecosystem have begun to rise.
bAXS rewards are live
Another change attracting market attention is the official launch of the bonded AXS reward distribution. The first round of bAXS allocation is now live, and eligible participants can earn rewards through activities within the ecosystem.
This arrangement introduces new incentives for landholders and long-term users, extending AXS’s utility beyond trading and holding to include ecosystem participation. Markets typically respond positively to mechanisms that enhance retention and engagement, and AXS’s recent price increase is seen as a concentrated reflection of these expectations.
Contract trading volume surges
In addition to ecosystem news, derivatives market data has also seen significant changes. Reports show that AXS futures trading volume increased by over 900% within 24 hours, while open interest rose by nearly 95%.
- 24-hour increase of over 21%
- Futures trading volume increased by over 900%.
- Open interest increased by nearly 95%.
An increase in price accompanied by rising open interest typically indicates new capital entering the market, not just short covering. In other words, some traders are positioning themselves for further volatility, making AXS a short-term focus.
GameFi regains funding attention
Coinpedia believes that this rally reflects not just a single token’s movement, but also indicates that the market is still willing to reprice blockchain gaming projects with clear product updates and incentive mechanisms. Over the past two years, the GameFi narrative has been overshadowed by themes such as AI, meme coins, and RWA; however, product iterations may still drive阶段性 capital inflows.
Currently, AXS's price increase is primarily driven by ecosystem updates and heightened trading activity. If user participation continues to rise, interest in the blockchain gaming sector may further rebound.