AXS was increasing a lot due to its utility and it didn't even care about the price of bitcoin and ethereum. NFT project didn't even need to wait for the major coin to be bullish to get the hype. It needs to do something useful.
They're putting a lot into the staking and there's now about $1B+ that are staked in AXS.
It's just the start of it and the Axie devs said that they're just 6% complete and I think that they're delivering their promises and it will going to make the game more enjoyable with these rewards.