Axie Infinity's current live price is $2.22**, with a 24-hour trading volume of **$13,996,978. The price has experienced a 6.02% drop in the last day but saw a 2.17% increase over the past week. Notably, Axie Infinity's market cap stands at $367,268,756, with a circulating supply of 165,504,638 AXS tokens. Its current market ranking is #115.
All data and prices are updated in real-time. The most active and popular exchanges for trading AXS are Binance, KuCoin & Kraken. For more crypto exchange options, check our Cryptocurrency Exchange Tracker. The safest hardware wallets to secure your crypto are Ledger and Trezor.
What Is Axie Infinity (AXS)?
AXS, or Axie Infinity Shards, is the native token of Axie Infinity, a play-to-earn battle and trading game. Before purchasing AXS tokens, analyze price fluctuations carefully—the asset is highly volatile. Refer to the live AXS price chart above for real-time trends.
The game operates on Ronin, an Ethereum sidechain developed specifically for Axie Infinity. Inspired by Japanese feudal-era masterless samurai, Ronin symbolizes independence.
Ronin uses multisignature technology, involving nine validators to approve deposits and withdrawals. Five out of nine signatures are required to authorize transactions.
The game draws inspiration from Pokémon and mythical jade rabbits. Its core objective is to collect, breed, and raise Axies—fantasy creatures stored as non-fungible tokens (NFTs).
Players can equip Axies with various body parts, resembling reptiles, insects, birds, plants, or other natural elements. These parts come in four rarity levels: common, rare, super rare, and legendary, each with unique battle moves.
As NFTs, each Axie is distinct, influencing AXS prices. Axies' abilities are utilized in 3v3 battles, where victories earn XP points for evolution.
Breeding Axies requires Smooth Love Potion (SLP) tokens, an in-game currency unrelated to AXS pricing.
How to Join the Game?
- Store Ethereum in a crypto wallet like MetaMask.
- Download the Ronin wallet and deposit ETH via the Ronin Bridge.
- Purchase at least three Axies to start playing.
The Story Behind Axie Infinity
Launched in 2018 by Sky Mavis, a Vietnamese studio co-founded by Trung Nguyen and Aleksander Larsen, Axie Infinity blends gaming and blockchain.
- Aleksander Larsen: Former Norwegian security officer, passionate gamer, and Blockchain Game Alliance board secretary.
- Trung Nguyen: Software engineer with a background in fintech and e-commerce.
- Key team members include Andy Ho (CTO) and Tu Doan (game designer).
Purpose of the AXS Token
Built on the ERC-20 standard, AXS serves two primary functions:
- Governance: Token holders vote on game development and community fund allocation.
- Staking: Users earn rewards by staking AXS and participating in governance/gameplay.
How to Earn AXS Tokens:
- Breed and sell Axies
- Win PvP battles
- Acquire rare Axies
- Farm SLP tokens
- Complete in-game quests
⚠️ Note: AXS prices are market-driven and highly volatile.
Tokenomics of AXS
AXS has a max supply of 270M tokens, designed as deflationary. Key allocations:
- 29%: Staking rewards
- 21%: Sky Mavis
- 20%: Play-to-earn rewards
- 11%: Initial Binance launch (priced at $0.10)
- Remaining: Advisors, private sales, ecosystem fund
FAQs
Q: Is Axie Infinity free to play?
A: No, you need to purchase at least three Axies (NFTs) to start.
Q: What determines AXS token prices?
A: Market demand, game adoption, and broader crypto trends.
Q: How do I stake AXS?
A: Use supported platforms like Binance or the official Axie Infinity staking dashboard.
Q: Can I earn without playing?
A: Yes, through staking, but gameplay enhances rewards.
Q: What’s the long-term goal of AXS?
A: To decentralize game governance and expand the play-to-earn ecosystem.
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