Current AXS Market Overview
- Price: $2.22 USD
- 24h Trading Volume: $25.39 million
- 24h Price Change: +0.00%
- Circulating Supply: 165.51 million AXS
- Max Supply: 270 million AXS
What Is Axie Infinity?
Axie Infinity is a blockchain-based play-to-earn (P2E) game where players collect, breed, battle, and trade tokenized creatures called Axies. Built on Ethereum and later migrated to the Ronin sidechain for scalability, it combines decentralized finance (DeFi) with interactive gameplay.
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Key Features:
- Governance Token (AXS): Players stake AXS to vote on ecosystem decisions or earn rewards.
- Dual-Token Economy: Uses AXS (governance) and SLP (breeding utility).
- NFT Integration: Each Axie is a unique non-fungible token (NFT) with tradable value.
Historical Milestones
- 2018: Launched by Vietnamese studio Sky Mavis.
- 2021: Became Ethereum's top crypto app with 1M+ daily players.
- 2022: Introduced NFT burning mechanics and economic upgrades.
Major Updates:
- Ronin sidechain adoption for faster/cheaper transactions.
- Free-to-play version to attract broader audiences.
How Axie Infinity Works
- Gameplay: Players battle Axies to earn SLP tokens.
- Breeding: Combine Axies using SLP to create new NFTs.
- Trading: Sell Axies on NFT marketplaces like OpenSea.
- Staking: Lock AXS to receive passive income.
Use Cases of AXS Token
- Earning: Players profit from SLP/AXS rewards.
- Governance: AXS holders vote on game development.
- NFT Utility: Rare Axies sell for premium prices.
Adoption Metrics:
- 8.3M+ lifetime players (2021 data).
- 100K+ daily active users.
FAQs
Q: How do I start playing Axie Infinity?
A: Purchase 3 Axies (NFTs) from marketplace, then download the app.
Q: What’s the ROI for Axie breeders?
A: Depends on SLP prices and Axie rarity—top breeders earn $1K+/month.
Q: Is AXS a good investment?
A: DYOR! Consider game adoption, tokenomics, and market trends.
Q: Can I play Axie Infinity for free?
A: Yes—scholarship programs let you borrow Axies for a revenue share.
Q: Why did AXS price drop in 2022?
A: Crypto winter + SLP inflation impacted the in-game economy.
Future Outlook
Axie Infinity aims to stabilize its economy while expanding gameplay features. Its success hinges on retaining users and improving token utility.