Axie Infinity is growing wildly in the GameFi space as the network continues to expand, according to a report by Ambcrypto on Friday.
Axie Infinity unveiled their Ethereum link to Ronin last year. It has had solid performance over the year.
Meanwhile, major activities recorded on-chain took place largely this month, with Ethereum and AXS posting massive inflows.
On November 6, the chain observed 73,683 ETH valued at more than $306 million flowing in. At the same time, more than 3.1 billion AXS inflows valued at $409 billion were recorded.
Katana, The Ronin DEX is behind the sudden surge in volumes in November. This Decentralized platform was developed for the purpose of easy swapping of tokens within the Axie Infinity platform.
Currently, the DEX supports exchange between AXS, Small Love Potion (SLP), USDC, and Wrapped ETH (WETH) only.