In the dynamic realm of cryptocurrencies, Axie Infinity’s AXS token has embarked on a remarkable ascent, witnessing an impressive surge of over 35% in the past 24 hours and currently trading at $9.26. This rally catapults AXS to the forefront of gaming cryptocurrencies, boasting a market capitalization of $1.4 billion and a circulating supply of 132 million coins.
The driving force behind this impressive upswing can be traced to a recent major game update, which introduces a transformative element to the Axie Infinity ecosystem.
Axie Infinity’s Evolution Transforms Game Economy
This update focuses on the evolution of Axies, creatures analogous to Pokemons, offering players the opportunity to enhance their digital companions with additional features and abilities.
Beyond the surface modifications, this evolution introduces a deflationary mechanism that radically modifies the Axie Infinity economy. This system can lower the total number of Axies, which would raise the value of alread
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