Decentraland’s MANA token pushed to a record high on Thursday, hitting $5.84 for the first time. It is up almost 40% in the past seven days.

The token of the decentralized virtual reality platform built on the Ethereum blockchain now has a reported market capitalization of $9.2 billion, according to data provider Messari. The surge pushes it ahead of metaverse-related play-to-earn game Axie Infinity’s AXS, which has a reported market cap of $8.6 billion.

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