By Samuel Indyk

Investing.com – was the best performing cryptocurrency in the top 30 on Thursday morning, trading just below its all-time high hit last month of $163.66.

Axie Infinity (NFT), a video game built on blockchain technology, is an NFT non-fungible token (NFT). The trading and battling game allows players to collect, breed, raise, battle, and trade creatures, known as “axies”, which are digitised NFTs.

Katana is now live, the Ronin-decentralised exchange. This latest upside comes as a result. Katana is a way for any user of Axie Tofinity to quickly swap assets between them. The official website says that users will now be able to trade between Axie Ifinity, Wrapped Ethereum and Wrapped Ethereum from this launch. press release

“With Ronin’s release, the Axie nation has entered a new age,” the press release said. “Economic activity is booming and we’ve welcomed new citizens at a rate that’s shocked the world. Today, we take one step closer to a more prosperous future for our digital nation.”

The Ronin token, which is the currency that powers the decentralised Ronin exchange has also been revealed by its developers. This token can be used to pay for gas and protect the network, as well as AxieInfinity’s future products and games.

Liquidity providers will receive 10% of the total RON supply to reward them for placing their funds in either AXS/ETH or both. This is in an effort to encourage Katana liquidity. These pools will receive their rewards later in the week.

What’s next for Axie Infinity

Denis Vinokourov (Synergia Capital Head Research) says that new heights may be around the corner.

“Expect a break above [the all-time high] to trigger another upside burst as the momentum following crowd joins in,” Vinokourov wrote. “The sector as a whole is expected to continue to benefit from the inflow of capital and the growing interest from mainstream vendors, with a whole host of names trying to come up with their own versions of “metaverse” and incentive programs.”