Web3 game Pixels now valued at $2.7B after migration to Ronin
The project had been preparing for its listing on crypto exchange Binance for the past two years.
Pixel, one of the largest Web3 games by daily active user count, has approached a valuation of $3 billion shortly after its token listing on cryptocurrency exchange Binance.
At the time of publication, the PIXEL token is currently trading at $0.5385, representing a gain of 1,246% from its listing price of $0.04 on Binance on Feb. 19. The project currently has a diluted market cap of $2.65 billion. Last September, Pixel announced its migration from Polygon to Sky Mavis’ Ronin Web3 gaming blockchain, citing the latter’s dedicated gaming user base.
As per data from DappRadar, there are currently 531,850 wallets interacting with the social community game, representing an increase of 47.9% over the past 30 days. Pixels is a laid-back adventure game where one can farm, explore, own land, and flex nonfungible tokens (NFTs) within the community. However, Berry, the protocol’s in-game token, has not kept up with the Pixel token’s surge, resulting in a much lower value in terms of gaming transactions.
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