•  AXS staking rewards are set to be unlocked in July, worth over $23 million.
• Over 43% of AXS tokens have been staked, contributing to a thriving staking market cap.

As the Axie Infinity [AXS] ecosystem continued its growth, the introduction of AXS staking bestowed even greater power upon its devoted enthusiasts.

This empowering feature enabled them to take an active role in shaping the platform’s future while reaping the rewards for their participation.

With the highly anticipated AXS unlock event on the horizon, set to take place in the second quarter of this year, the question arises: what awaits the stakers regarding rewards?

Read Axie Infinity (AXS) Price Prediction 2023-24

AXS staking rewards set to be unlocked

Based on the latest data per Token Unlocks, the next event in the AXS ecosystem would involve the distribution of AXS staking rewards.

According to information provided by the platform, this event was scheduled to occur on 22 July. It would unlock 1.266% of the supply, which equated to more than 3.4 million AXS tokens with a staggering value of over $23 million.

This unlock event was especially significant, as all the unlocked tokens would be designated for AXS staking rewards.

Furthermore, the data also indicated

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Author: Suzuki Shillsalot

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