The price of Avaxtars (AVXT) is surging today. It has risen roughly 117% and reached an intraday high of $25.68.
AVXT is currently trading at $14.65, with a 24-hour trading volume of $3.03 million. Its market capitalization stands at $2.7 million, and the circulating supply is 156.8K AVXT.
What is Avaxtars (AVXT)?
Avaxtars is a play-to-earn Metaverse game built on Avalanche’s C-Chain. AVXT is the game’s native token, launched in October 2021.
Avaxtars uses NFTs to tokenize all in-game components and stores them on the Avalanche blockchain. Each Avaxter is generated on the Avalanche network and minted as a unique ERC-721 NFT.
The game includes features such as a Personal Avaxter Generation Machine (PAGM), which reads the Digital Genetic Code (DGC) of Gen1 Avaxters to create new Gen2 Avaxters. This process, known as Avaxtar farming, allows players to earn AVXT tokens and breed new Avaxters.
To start playing, users buy Avaxtars from the marketplace, where Gen1 and Gen2 Avaxters are affordably priced—typically between $5 and $15.
This accessible price range makes Avaxtars an attractive entry point for newcomers to cryptocurrency, NFTs, and the Metaverse.
Users can currently try the Avaxtars beta by connecting a compatible wallet such as MetaMask. The project is one of the few that delivered on its initial promises and has become a well-regarded Metaverse crypto project in the market.
The ecosystem also features three separate tokens: ENXT, AVXT and DGC. ENXT is created by providing liquidity to AVXT-AVAX pools on decentralized exchanges, AVXT is earned through in-game mechanics, and DGC is produced by the PAGM breeding process.
Why is Avaxtars’ price rising?
Today Avaxtars announced a partnership with Kaira Network, the first social network on Avalanche. Through this collaboration, users can link their Avaxtars NFTs to the Kaira platform to create content and earn Kaira tokens for engagement.
While the partnership helped fuel bullish momentum, the primary driver of the recent price surge is the presence of a real, functioning product and a growing, active ecosystem.