Pixels Hits 505,508 DAU, $PIXEL Price Surges 40% as GameFi Sector Thrives

The GameFi sector is experiencing significant growth, highlighted by the performance of various gaming tokens and platforms. Pixels has reached a new milestone with over half a million daily active users (DAU) at 505,508 and 870k+ unique addresses, marking a 285% growth since February. This growth is attributed to the network effects of partnerships with Ronin, Animoca, and YGG. The Ronin ecosystem, in particular, has seen its daily active addresses increase by 11.5% to 919,483, the highest since November 19, 2021. Similarly, Apeiron NFT's daily active addresses have grown by 2% to a new all-time high of 27,961. The $PIXEL token, associated with the top crypto game, is nearing 1 million monthly active users, challenging traditional web2 gaming charts, and its price is pushing $1, marking a 40% increase in 24 hours to a $5bn fully diluted valuation (FDV). This surge in activity has also positively impacted other gaming tokens like $RONIN, $GALA, $GF, and $YGG, with $GALA experiencing a 30% increase in value. The anticipation ahead of the Game Developers Conference (GDC) is contributing to the re-rating of gaming tokens. Additionally, Coinbase's recent integration of web3 games into its app, exposing them to its 100 million users, is seen as a potential catalyst for a web3 gaming bull run.