Axie Infinity (AXS): On-Chain Price Predictions

The metaverse frenzy at the end of 2021 led to massive gains, but it also suffered in the bear market. Recent data indicates a serious problem for the altcoin that was shaken by a multimillion-dollar attack at the end of last year. What do the latest on-chain readings and price predictions suggest? Axie Infinity (AXS) The Ethereum sidechain Ronin, created to empower the play-to-earn game Axie Infinity, has experienced significant growth in total value locked (TVL) in recent months. Despite not focusing on DeFi, the Ronin network has reached approximately $80 million TVL in the past two months, according to a Twitter user. This figure surpasses the TVL power of several popular layer1 networks such as APTOS (APT), Near, Algorand, Tezos, and Stacks. Data from DefiLlama shows significant growth in the TVL of the sidechain since the beginning of the year. As of January 1st, Ronin’s TVL was $44.86 million. […] The post Axie Infinity (AXS): On-Chain Price Predictions appeared first on COINTURK NEWS.