Axie Infinity’s most recent roadmap states that Origin Season 0 marks the transition to Phase 3.
Axie Infinity has felt the market’s recent negative heat. The GameFi-based protocol was very active on Twitter in conversation boxes following the recent release of new information.
Sky Mavis developed the pay-to-earn video game Axie Infinity. Season 0, the first season, was just revealed by Sky Mavis. It will run for one month. This launch celebrates the enhanced gaming environment at Axie Infinity.
Launch Of Axie Infinity Origin Season 0
With this launch, Axie will welcome new enhancements to its gaming experience. The fresh launch attracted traders’ attention on August 24 as AXS surged on the daily chart.
As a result, the Axie Ecosystem’s native token, AXS, had a spike on August 24, giving the news a lot of traction among traders.
Even with the positive AXS activity, concerns regarding DeFi’s gaming sector persist. GameFi’s peak was reached in mid-2021. However, GameFi is still being affected by the cryptocurrency bearish market.
Axie’s user statistics, which are collected for this course by Axie further reflect this. The number of daily accounts created has dropped to less than 100 in recent weeks. It is still far below the 2021 peak of 104 accounts per day.
AXS Price Plunges By 9.41%
Based on CoinMarketCapAXS prices fell by 9.41% and were trading at $13.39 in this writing.
The Origin Season 0 launch saw an increase in AXS prices, but this was a very brief rally.
There is still some doubt in the DeFi industry despite a strong performance in Axie’s ecosystem.
GameFi was only active at the beginning of 2021. Since then, GameFi’s performance has declined significantly. Additionally, the expansion of Axie’s user base has been hampered by this.
The ecosystem has been working hard to get on track since the launch of Season 0.
Smooth Love Potion (SLP), prizes were added in the Origin playtime. They were completely removed from Classic, according to Axie Infinity v2.
SLP token holders can create NFT Runes, Charms, and Moon Shards of Ronin.
Despite Axie Infinity’s inability to attract new players, loyal players continue to support the system. After Season 0’s introduction on August 12, the protocol’s user base experienced a tremendous growth, reaching 79.5K members.
Developers have high expectations as they introduce new armories to the game.
AXS, the local token was seen ascent the cliff. Price changes can only be blamed on market sentiments. The cryptocurrency market is trying to stabilise amid the turmoil.
Axie’s new armory is being viewed with great optimism.
With the news’s dissemination, the attitude for the token has also improved. Token movements are ultimately determined by the market’s general attitude which remains unstable.
Source: TradingView.com| Source: TradingView.com Featured image taken from BSC News. Chart from TradingView.com