Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high By Cointelegraph

© Reuters.

Airdrops have change into the cryptocurrency ecosystem’s equal of stimulus checks over the previous couple of years and additional proof of this may be evidenced from widespread protocols like Uniswap and dYdX which rewarded their early adopters with token drops that are actually price $30,000 to $2 million.

The newest protocol to shock its userbase with a pockets fattening airdrop was Axie Infinity (AXS), a blockchain-based battle recreation that has risen in prominence over the course of 2021 as customers embrace its play-to-earn (P2E) gaming mannequin.

AXS/USDT 4-hour chart. Supply: TradingView
AXS staking dashboard. Supply: Axie Infinity
High 5 gaming protocols by the 90-day change in USD worth. Supply: Messari
VORTECS™ Rating (inexperienced) vs. AXS worth. Supply: Cointelegraph Markets Professional