Axie Infinity emerges as one of the leading beneficiaries during the Christmas season.
Axie Infinity experienced a significant surge on Christmas Day, with a 21% increase today and a 51% increase over the past week. This impressive growth places Axie Infinity as the second-highest gainer in the cryptocurrency market, just behind ORDI. The driving force behind this surge is the latest major game update, which has the potential to attract more players. One of the key features of this update is the evolution of Axies, which some users compare to Pokemons. Players now have the ability to evolve their Axies with additional features and abilities.
This update goes beyond a mere cosmetic change, as it fundamentally transforms the Axie Infinity economy. By introducing part evolutions, the game incorporates a deflationary mechanism that could decrease the overall Axie population. As a result, the value of existing Axies is expected to increase, while players develop a deeper connection with their digital companions.
In a broader context, several other gaming tokens have also experienced notable increases during Christmas week. Decentraland, a leading metaverse cryptocurrency, has seen its value rise by over 20% in the last week. Similarly, The Sandbox has enjoyed a substantial 25% increase in token value over the same period.
