Pixels, one of the largest Web3 games by daily active users, has approached a $3 billion valuation shortly after listing its token on the Binance cryptocurrency exchange. At the time of publication, the PIXEL token is trading at $0.5385, marking a 1246% increase from its listing price of $0.04 on Binance on February 19. The fully diluted market capitalization of the project currently stands at $2.65 billion.
Last September, Pixels announced its migration from Polygon to the Ronin blockchain, developed by Sky Mavis, citing the latter’s specialized gaming user base. According to DappRadar data, the game now interacts with 531,850 wallets, reflecting a 47.9% increase over the last 30 days.