The cryptocurrency PIXEL was opened for trading by Binance yesterday. After its market debut, the altcoin became one of the top 10 most traded tokens. The popular Blockchain game Pixels’ cryptocurrency, PIXEL, has garnered more than $1.3 billion in trading volume since its launch. This development is an indicator of the growing interest in the crypto currency.
Altcoin Pixels Ranks 8th in Trading Volume
The billion-dollar trading volume altcoin Pixels is ranked eighth in terms of trading volume. This makes it a more frequently traded cryptocurrency than popular crypto projects like Avalanche (AVAX), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC).
Among game-focused altcoin projects, Pixels is in the first place. Following it is the altcoin XAI, which reached a trading volume of $278 million the other day. The cryptocurrency XAI set its all-time high price on Sunday after being launched in January.
When looking at other game-focused altcoin projects, we see that none of them surpassed the $200 million trading volume during this period. In third place, with a trading volume of $150 million the previous day, is Ronin (RON), the network that Pixels is built on. Over the weekend, Pixels announced a surprise airdrop, revealing it would distribute 20 million PIXEL tokens to RON stakers.
Launch and Details of Pixels
Pixels, a popular Blockchain-focused farming and community game, was launched on Monday morning as planned, following multiple play-to-airdrop campaigns and the Binance Launchpool reward program. The altcoin PIXEL is currently trading at the level of $0.56. Having captured a good momentum in trading volume, altcoin Pixels has already entered the top 200 in the crypto world.
The launch of the altcoin PIXEL had been long awaited by investors in the crypto field. The cryptocurrency Pixels saw an increase in player accounts in the last few months after moving from Polygon to Ronin last fall.
The altcoin project used play-to-airdrop campaigns to increase participation and ultimately reward the top 28,000 players. At this point, it can be stated that the altcoin project has achieved a significant success with its launch.
