WINR protocol price increased by 37% – here are the main network developments.

The WINR protocol hit double-digit gains today, up 22% at the time of writing.
Almost 60% of the gains last month came amid key network developments.
The protocol recently burned 70 million WINR tokens and launched the first on-chain 1000x Bitcoin (BTC) and Ethereum (ETH) futures.

The WINR protocol, a decentralized iGaming infrastructure platform powered by the WINR token, saw significant market traction last week. Today, the price of the protocol's native token jumped more than 22% in 24 hours, reaching its highest price level since August.

WINR was trading around $0.05 at the time of writing, is up 37% this week and almost +60% over the past 30 days. However, the token is down 57% since hitting a high of $0.11 this year on March 21.

Among the platform's major developments are recent results. Is this why the price of WINR is increasing? Let's see.

Why is the price of the WINR protocol increasing?

Cryptocurrencies showed high volatility earlier this week, with megacap altcoins registering key levels after Bitcoin surged to $35,000. This attitude could have helped the WINR bulls.

However, the altcoin seems to have improved with several development milestones on the platform. Earlier this month, the protocol burned 70 million WINR tokens, permanently removing 7% of the maximum supply from circulation.

7% of the maximum supply, a total of 70,000,000 WINR was permanently burned.

Feel the burn. pic.twitter.com/EfLokagsu0

— WinR (@WINRProtocol) October 16, 2023

Last week, the Arbitrum community voted to authorize the Arbitrum Foundation WINR 462,000 ARB to encourage developer activity.

These are followed by the first on-chain 1000x Bitcoin (BTC) and Ethereum (ETH) futures released this week. So does the WINR chain announced On October 26, the group was looking to become a “decentralized iGaming execution layer.”

“With the WINR Game Engine, game providers can build their game logic on smart contracts and integrate data with existing UI.” the platform wrote in an X announcement.