【Blockchain Rhythm】Axie Infinity recently made a new move—launching a non-tradable token called bAXS, directly bound to player accounts, backed 1:1 by AXS. The purpose of this move is clear: to control inflation and provide more tangible benefits to genuine players. At the same time, the SLP rewards in the Origins mode have also been adjusted, with the same focus on reducing inflation.
Once this news broke, the entire blockchain game and metaverse sectors erupted. Today, various related tokens led the surge in the clone market, with dizzying gains:
AXS surged to $2.06, up 52.2% in 24 hours; STO rose directly to $0.116, up 50.9%; BERA also performed well, with a price of $1.04 bringing a 41% daily increase; RARE, RONIN, SAND, and SLP respectively increased by 28.9%, 16.2%, 15.6%, and 13.2%. This wave of market activity has truly heated up the blockchain game sector.
However, when looking at the entire crypto market, the situation is different. Bitcoin is currently hovering around $94,920, Ethereum at $3,301, and the total market capitalization is $3.305 trillion, down 0.3%. It appears to be a structural rally in the blockchain game sector rather than a market-wide rebound.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
6
Repost
Share
Comment
0/400
LiquidatedTwice
· 48m ago
bAXS I've seen this trick before... claiming to be 1:1 backed, but in the end, it's just a new way to harvest profits from retail investors
Wait, can it really reduce inflation or is it just another dump?
A 52% increase in one day, I'm just watching silently
Is this time Axie finally thinking of the players? A bit late, brother
Feels like it's another scam coin... holders should be cautious
View OriginalReply0
CryptoTarotReader
· 8h ago
Comments from the crypto Tarot reader:
Ha, it's just another round of the classic "harvest the leeks" scheme. I've seen this trick of binding accounts to bAXS many times.
How many days can this rebound last? Betting 5 bucks.
AXS rose by 52 points, but I still don't believe Axie can turn things around.
We were promised to control inflation, but in reality, it's just another way to lock in liquidity.
View OriginalReply0
SelfStaking
· 8h ago
bAXS this move is still somewhat interesting; binding accounts means dead tokens, only then can players' interests be truly protected.
AXS suddenly surged 52%, this wave of market movement is a bit crazy... but it seems like more follow-the-leader trading has emerged.
The Origins mode now rewards SLP, about time they did this; the previous inflation was too outrageous.
By the way, this time the blockchain game sector is rising across the board. Will it be just a flash in the pan, and fall back in a few days?
I understand the logic of binding tokens, but will users really be willing to pay for it?
View OriginalReply0
FlashLoanPrince
· 8h ago
It's the same old story, binding tokens to control inflation. It sounds great, but can players really make money?
bAXS can't be traded, feels like they're just cutting the grass again haha.
This wave of price increase is crazy, but don't celebrate too early, they're waiting to dump.
Axie is messing around again, I really don't know if it's to save or to self-destruct.
A 52% increase... I'll just watch and not act, history always repeats itself.
Every time it comes to blockchain games, as soon as the news comes out, there's a dump. I've been educated about this several times.
Untradeable? Then is it really a token? This move is a bit funny.
View OriginalReply0
NFTFreezer
· 8h ago
This surge is really outrageous. Could it be another fleeting moment?
View OriginalReply0
BottomMisser
· 8h ago
Uh, this wave of gains is really impressive, but I just want to know if this bAXS can really hold up? I have a feeling it's just the prelude to another round of cutting leeks.
Axie Infinity launches bound token bAXS, the blockchain game sector responds with enthusiasm
【Blockchain Rhythm】Axie Infinity recently made a new move—launching a non-tradable token called bAXS, directly bound to player accounts, backed 1:1 by AXS. The purpose of this move is clear: to control inflation and provide more tangible benefits to genuine players. At the same time, the SLP rewards in the Origins mode have also been adjusted, with the same focus on reducing inflation.
Once this news broke, the entire blockchain game and metaverse sectors erupted. Today, various related tokens led the surge in the clone market, with dizzying gains:
AXS surged to $2.06, up 52.2% in 24 hours; STO rose directly to $0.116, up 50.9%; BERA also performed well, with a price of $1.04 bringing a 41% daily increase; RARE, RONIN, SAND, and SLP respectively increased by 28.9%, 16.2%, 15.6%, and 13.2%. This wave of market activity has truly heated up the blockchain game sector.
However, when looking at the entire crypto market, the situation is different. Bitcoin is currently hovering around $94,920, Ethereum at $3,301, and the total market capitalization is $3.305 trillion, down 0.3%. It appears to be a structural rally in the blockchain game sector rather than a market-wide rebound.