Pixels (Pixel), a game built on the Ronin network with unique pixel graphics, attracted attention this April. Pixel token prices have skyrocketed by 150%.
This priced gathering came at a time when interest in GameFi was quenched, with most GameFi project tokens losing more than 90% of their value.
What drives pixel prices up?
In April 2025, pixel prices skyrocketed. It jumped from $0.019 to $0.05 and is currently trading at $0.045. He has recovered 150% in just one month.
Additionally, CoinMarketCap data shows that central exchange (CEXS) Pixel trading volumes have exceeded $250 million today. This is 10 times the average daily volume the previous day.
One of the key drivers behind the Pixel price rally is the surge in social volume. According to Lunarcrush of the Social Analytics platform, pixels have reached the highest social volume in the last three months. This reflects strong renewed interest from the community and investors.
April 22nd, engagement metrics are spiked dramatically, including views, likes, comments, and retweets. Total interactions exceeded 376,000 across social media platforms, marking the highest level since the beginning of the year.
This sudden wave of interest can be attributed to recent updates shared by the founders of the project. On April 20, 2025, founder Luke Barwikowski announced a new strategic change. These updates played an important role in increasing the demand for pixels and improving investor sentiment.
In the X post, Luke outlined a series of major updates aimed at improving the pixel ecosystem. He focused on enhancing gameplay and adjusting economic models, promoting long-term holdings of pixels.
Specifically, pixels shift focus from growing daily active addresses (DAAs) to improving the quality of daily active users (DAUs). The team will also introduce new mechanics.
High pixel withdrawal fees (redistributed to stakers). A new vpixel token with no withdrawal fees available in partner games. Staking rewards increased based on in-game activity.
“Last year, Pixel learned a lot. Our strategy has changed slightly. Our focus is on quickly improving gameplay across pixel ecosystems and changing our revenue strategies to reward people here in the long term in the ecosystem,” said Luke Barwikowski.
Despite an impressive April rebound, the Pixel’s current price has fallen 95% from its all-time high of $1, reaching its release. A report from Chain Play at the end of last year said 93% of GameFI projects failed. On average, GameFi tokens dropped by 95% from ATH, with Project LifeSpans losing 4 months, with 58% of VCS losing 2.5% to 99%.
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