The Rise of Decentralized Financial in 2023: How TMS Network (TMSN), Axie Infinity (AXS), and The Sandbox (SAND) Are Contributing (2024)

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Over the years, many projects brought revolutionary change to the global financial system with Decentralized Finance. One of the key players disrupting this space is TMS Network (TMSN) – an innovative blockchain-based platform that provides a decentralized, secure, and user-friendly trading experience. Aside from TMS Network (TMSN), from gaming platforms like Axie Infinity (AXS) to virtual worlds like The Sandbox (SAND), there’s no shortage of decentralized financial opportunities to explore.

TMS Network (TMSN) – Decentralizing Trading with its All-in-One Innovative Trading Platform

Despite the innovations, traditional trading platforms are still centralized and often limit access to certain markets and instruments. However, the introduction of the TMS Network (TMSN) has revolutionized the trading industry by providing an all-in-one, decentralized trading platform.

The TMS Network (TMSN) is a blockchain-based trading platform built to decentralize trading, offering a broad range of trading products that cater to the diverse needs of traders. Also, it is user-friendly, secure, and efficient, allowing traders to execute trades easily and quickly.

One of the most significant advantages of the TMS Network (TMSN) is its decentralized nature, which ensures that all trades are transparent and secure. The platform utilizes smart contracts to execute trades, eliminating the need for intermediaries and reducing transaction costs while ensuring efficient and tamper-proof trading.

The TMS Network (TMSN) offers a wide range of trading products, including cryptocurrencies, commodities, stocks, and forex. This broad range of products provides traders with a diverse portfolio, allowing them to hedge their positions and manage risks. Additionally, the platform offers trading signals and analysis, providing traders with valuable insights into market trends and potential trading opportunities.

TMS Network (TMSN)’s presale is growing with its token, TMSN attracting investors and traders. The presale started about two weeks ago and has seen wildly astronomical demand, generating over $2.5 million in funding. The first presale stage sold out earlier than usual. The second stage is underway, and the TMS Network (TMSN) token trades at $0.032.

Axie Infinity (AXS) – Capture, Breed, Battle and Win in Lunacia Metaverse

Play-to-earn games like Axie Infinity (AXS) have made a compelling use case for blockchain-based rewards. By blending decentralized finance with gaming, Axie Infinity (AXS) features an open-ended, unique and flexible metaverse of immersive gaming experience. The Pokemon-inspired game gained prominence with its diverse gameplay set in a vast Linacia metaverse where players can capture, breed and battle with Axies.

At the pinnacle of Axie’s in-game economy is a vibrant DeFi ecosystem powered by a dual token system that comprises Axie Infinity (AXS) Shards (AXS) and Smooth Love Potions (SLP). Due to its usefulness in boosting DeFi and gaming, Axie Infinity (AXS) tokens have created massive opportunities for players and investors alike. Consequently, Axie Infinity (AXS) is ranked the 6th largest metaverse token by market cap – holding $895 million in valuation. The token is trading around $7.89 with bullish sentiment amid rumors or newer developments.

The Sandbox (SAND) – Immersive Metaverse Experience

There’s virtually no way you’d mentioned metaverse without starting with The Sandbox (SAND). Similar to Roblox, The Sandbox (SAND) is an Ethereum-based metaverse world where players can build, own, and monetize experiences and user-generated content. Like in the real world, The Sandbox (SAND) has a sustainable virtual economy powered by DeFi that features SAND tokens at its core.

Since its launch, the SAND token has grown while promoting The Sandbox (SAND)’s unique use case at promoting the adoption of the virtual iteration of our world. In fact, the platform boasts high-class strategic partnerships with top global firms. Currently, The Sandbox (SAND) token ranks 7th with $870 million, an impressive 55% year-to-date gain.

Conclusion

Aside from Axie Infinity (AXS) and The Sandbox (SAND)’s unique metaverse capabilities, TMS Network (TMSN)’s goal to change trading is an unparalleled innovation. TMS Network (TMSN) offers a user-friendly, efficient, and decentralized trading platform that will untimely be a cornerstone in the new age of DeFi. Follow the links below for more details:

Presale: https://presale.tmsnetwork.io

Whitepaper: https://tmsnetwork.io/whitepaper.pdf

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetworkio

Discord: https://discord.gg/njA95e7au6

The Rise of Decentralized Financial in 2023: How TMS Network (TMSN), Axie Infinity (AXS), and The Sandbox (SAND) Are Contributing (1)

Related Items:Axie Infinity (AXS), Crypto News, Decentralized Financial, TMS Network (TMSN)

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The Rise of Decentralized Financial in 2023: How TMS Network (TMSN), Axie Infinity (AXS), and The Sandbox (SAND) Are Contributing (2024)

FAQs

What happened to Axie Infinity 2023? ›

According to an April 2023 report from Reuters, the price of Axie Infinity's cryptocurrency token had fallen by 99% from its all-time-high in February 2022, coinciding with the 2021–2023 cryptocurrency crash.

Is Axie Infinity decentralized? ›

Axie Infinity Proof of Stake

Stakers will, however, also be incentivized to continue playing the game and participate in the platform's decentralized governance and ownership. Indeed, rewards may be contingent on users continuing to actively participate in the Axie Infinity ecosystem.

What crypto does axie infinity use? ›

About Axie Infinity. AXS is an Ethereum token that powers Axie Infinity, a blockchain-based game where players can battle, collect, and build a digital kingdom for their pets. AXS holders can claim rewards for staking their tokens, playing the game, and participating in key governance votes.

What is the circulating supply of Axie Infinity? ›

Axie Infinity Price Data

The token has a circulating supply of 148.1M tokens out of a total supply of 270M tokens. Axie Infinity is a cryptocurrency game built on the Ethereum blockchain that makes use of the AXS cryptocurrency.

Will axs reach $100? ›

The Changelly blog states that AXS will reach a high of $16.59 in 2025. It does, however, have AXS breaking the $100 mark in 2030, with an end-of-year high of $114.76. Bitnation forecasts a price of $26.26 for AXS by 2025 and expects it to exceed $8.21 by the end of this year.

Is Axie Infinity going to recover? ›

The all-time high is still a long way off. However, analysts do expect Axie Infinity to start a cautious recovery. Throughout the year, the price is projected to trend upward. In September the price will reach €5.56 and by December, it is expected to reach €13.57 euros.

Who is the owner of Axie? ›

Trung Nguyen is the Co-Founder and CEO at Axie Infinity .

Is Axie Infinity a metaverse? ›

Axie Infinity is a Pokemon-inspired play-to-earn metaverse game created on the Ethereum blockchain. Lunacia, the Axie homeland, is made up of 90,601 land plots.

Is Axie Infinity fully on chain? ›

Building fully on-chain games. Ironically, Axie Infinity and CryptoKitties served as pivotal catalysts in the evolution of blockchain gaming — but they weren't fully on-chain. They were experimental, niche, and heavily crypto-centric, characterized by their clunky user interfaces.

How much is AXS in dollars? ›

Price of AXS today

The live price of Axie Infinity is $ 5.882824 per (AXS / USD) with a current market cap of $ 871.35M USD.

Is Axie still profitable in 2024? ›

Axie Infinity Crypto Price Prediction 2024

On a positive note, AXS's price could compound on gains to claim its potential high of $16.12 by the end of 2024.

How much is Axie Infinity worth today? ›

The live Axie Infinity price today is $6.03 with a 24-hour trading volume of $36.29M.

Is there a future for Axie Infinity? ›

According to our current Axie Infinity price prediction, the price of Axie Infinity is predicted to rise by 228.70% and reach $ 19.65 by August 22, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 69 (Greed).

What is the all time high price for Axie Infinity? ›

The highest price paid for Axie Infinity (AXS) is $164.90, which was recorded on Nov 06, 2021 (over 2 years). Comparatively, the current price is 96.39% lower than the all-time high price.

What is the maximum supply of AXS coins? ›

AXS Token Utility

Axie Infinity's native token is Axie Infinity Shards (AXS), which has a maximum supply of 270M.

Why did Axie Infinity go down? ›

However, all has not been smooth sailing for Axie Infinity. External factors such as token deflation, massive hacking incidents, and crypto winters constrained its growth. The subsequent sharp decline in token prices gradually removed the project from public interest.

What went wrong with Axie Infinity? ›

A Hacking Scandal Cost $600 Million in SLP

Many players quit playing Axie because what little profit they made was wiped out. by the overreliance on new players investing in the game, despite existing player investment.

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