AXS surged over 21% in the past 24 hours, becoming one of the top-performing GameFi tokens of the day. Along with the rapid price increase, trading volume in the futures market also increased, indicating that funds are refocusing on Axie Infinity and the blockchain gaming sector.

Terrariums V1 launched

This surge is primarily related to 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 a new reward distribution system.

For the market, the significance of this type of update lies in adding new use cases for the token, rather than just relying on secondary market trading. The GameFi sector has seen a significant decline in popularity recently, partly due to insufficient product updates. Following this release, AXS's ecosystem activity is expected to rebound.

bAXS Rewards Launch

Another change that has attracted market attention is the official launch of the bonded AXS reward mechanism. The first round of bAXS allocation is now live, and eligible participants can earn rewards through their activities within the ecosystem.

This arrangement provides new incentives for landholders and long-term users, and extends the use of AXS beyond trading and holding to include ecosystem participation. Markets typically react positively to mechanisms that enhance retention and engagement, and this recent surge in AXS's price is seen as a concentrated reflection of such expectations.

Contract trading volume surged

In addition to the ecological news, significant changes have also occurred in derivatives market data. Reports show that AXS futures trading volume increased by over 900% in 24 hours, and open interest increased by nearly 95%.

• The 24-hour increase exceeded 21%.
• Futures trading volume increased by over 900%.
• Open interest increased by nearly 95%.

A price increase accompanied by an increase in open interest usually indicates the entry of new funds into the market, rather than just short covering. In other words, some traders are continuing to position themselves for future volatility, making AXS a short-term focus.

GameFi Receives Further Funding Attention

Coinpedia believes this surge reflects not only the movement of a single token, but also that the market will continue to reprice blockchain games with clear product updates and incentive mechanisms. Over the past two years, the GameFi narrative has been overshadowed by themes like AI, meme coins, and RWA, but product iterations may still bring about a temporary return of funds.

Currently, AXS's rise is primarily driven by ecosystem updates and increased trading activity. If user engagement continues to improve, the blockchain gaming sector may see a further recovery in attention.