Axie Infinity's AXS token surged nearly 45% within 24 hours, with a trading price of approximately $1.29 and a 24-hour trading volume approaching $380 million. The recent rally was mainly driven by increased activity in GameFi and derivatives trading, along with a rebound in risk appetite, marking a reversal of the AXS token's downward trend. Key factors include project updates and technological breakthroughs, while the next test is whether demand can sustain above the support zone of $1.10-$1.20.