GameFi Heats Up: Binance Lists RONIN and PIXEL Tokens

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  • Binance announced the listing of PIXEL as the 46th project on its Launchpool.
  • As per Binance, the listing allows Binance users to stake BNB and FDUSD and farm PIXEL.
  • Binance also listed RONIN and commenced trading for the blockchain token on February 5.

Binance, the leading cryptocurrency exchange by trading volume, has announced the listing of PIXEL as the 46th project on its Launchpool. In a blog post made today, February 8, 2024, the exchange described PIXEL as a social Web3 game built on the RONIN network.

According to Binance, PIXEL’s Launchpool listing would allow users to stake their BNB and FDUSD into separate pools to farm PIXEL tokens over ten days. It also noted that farming would start early on Friday, February 9, 2024.

Following the announcement, PIXEL launched a resurgence and broke out of the range it traded for several months. Barely five hours later, the GameFi token gained 315% in a rally that may just be beginning, according to data from TradingView.

PIXEL/USDT Daily Chart on TradingView

On February 5, Binance announced the listing of RONIN, an EVM blockchain crafted for developers building games with player-owned economies. It is a GameFi-inclined blockchain and the platform that hosts the PIXEL blockchain gaming project.

RONIN’s listing on Binance ignited an immediate spike in the token’s value, resulting in a 35% gain on the first day of listing, per TradingView. However, the crypto token retraced from a $3.29 high and traded for $2.64 at the time of writing after bouncing off a $2.49 low.

The recent activities surrounding RONIN and PIXEL, in addition to their respective price actions, reflect a return of interest in the GameFi ecosystem. Binance noted it would activate the trading of RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY pairs. The crypto exchange also enabled the deposit of RONIN on its platform, with withdrawals activated the following day, February 6.

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