AXS Token Surges 5.59% as bAXS Ecosystem Update Sparks Record $758M Trading Volume

Axie Infinity (AXSUSDT) recorded a 5.59% price increase in the past 24 hours, rising from 2.433 to 2.569 USDT, with trading volume reaching $758 million today. This surge is largely attributed to renewed investor interest following the announcement of a major ecosystem update introducing the bAXS token, which aims to address in-game economic challenges and incentivize higher engagement. The update has led to a notable rise in AXS futures open interest, suggesting heightened market activity and speculation. Additionally, recent adjustments to AXSUSDT futures leverage and funding settlement on MEXC may have contributed to increased volatility and trading activity. The asset continues to outperform the broader GameFi sector, maintaining robust volumes and ranking among the most actively traded pairs.