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.
So more or less with that 94% that users and investors are waiting, there are lots of enjoyable and yet profitable updates to expect.
AXIE team are delivering those promises and not just a hype, but because of continuous updates and usages of this project, more and more investors
are enjoying not just the play but also the earnings that they are getting from the game, though from what I've heard it's no longer the same as it was
before, but the fact remains that those who have these assets and keep holding their coin, they are enjoying that the project still moving forward.