Pixels (PIXEL), a game on the Ronin Network featuring unique pixel graphics, has recently gained attention in April with a 150% surge in the price of its token, PIXEL.
This price increase for PIXEL comes at a time when interest in GameFi has diminished, with most GameFi project tokens losing over 90% of their value.
Several factors are behind the rise in PIXEL's price in April 2025. The price of PIXEL significantly increased from $0.019 to $0.05, currently trading at $0.045, indicating a 150% recovery in just one month. Moreover, on centralized exchanges, PIXEL's trading volume has exceeded $250 million, showing a tenfold increase compared to the average daily volume in previous days.
One significant contributing factor to PIXEL's price surge is the spike in social volume. According to LunarCrush, Pixels has experienced its highest social volume in the past three months, demonstrating renewed interest from the community and investors.
The recent surge in social engagement metrics such as views, likes, comments, and retweets, with total interactions surpassing 376,000 across social media platforms on April 22, signifies the increased interest in Pixels.
The sudden uptick in interest is likely a result of recent updates provided by the project's founder, Luke Barwikowski, who announced strategic changes on April 20, 2025, aiming to enhance the Pixels ecosystem. These updates have played a pivotal role in boosting demand for PIXEL and improving investor sentiment.
Among the changes outlined by Luke are enhancements to gameplay and adjustments to the economic model to promote long-term holding of PIXEL, including higher withdrawal fees for PIXEL redistributed to stakers, the introduction of a new vPIXEL token without withdrawal fees for use in partner games, and increased staking rewards based on in-game activity.
Although PIXEL has seen a remarkable rebound in April, its current price is still 95% lower than its all-time high of $1 at launch. A Chainplay report from the previous year revealed that 93% of GameFi projects have failed, with GameFi tokens dropping 95% on average from their ATH and project lifespans averaging only four months. Additionally, 58% of VCs investing in GameFi projects suffered losses ranging from 2.5% to 99%.