Axie Infinity
ATH / ATL
24h Price
24h summary
Over the last 24 hours, Axie Infinity moved from $0.861 to $0.843. The session high was $0.866, the low was $0.829, and the intraday range was $0.037 / 4.3%.
- 24h open
- $0.861
- 24h close
- $0.843
- 24h high
- $0.866
- 24h low
- $0.829
- Volatility / range
- $0.037 / 4.3%
- Updated
Monthly Returns heatmap
Heatmap summary
Axie Infinity posted 29 positive months out of 69. The longest positive streak lasted 6 months, while the longest negative streak lasted 5 months.
- Strongest month
- Jul 2021 +649.1%
- Weakest month
- Apr 2022 -54.2%
- Longest positive streak
- 6 Nov 2020 — Apr 2021
- Longest negative streak
- 5 Aug 2022 — Dec 2022
- Luckiest calendar month
- Jul • avg 109.1% • 6 mo.
- Unluckiest calendar month
- Jun • avg -14.2% • 6 mo.
Networks
Supported exchanges
About the coin
Axie Infinity (AXS) is a digital token associated with the Axie Infinity game, a popular play-to-earn (P2E) universe. In this ecosystem, players collect, breed, train, and battle fantasy creatures known as Axies. These Axies are digital assets that can be owned and traded by players, forming the core of the game's economy.
The AXS token plays a crucial role within the Axie Infinity ecosystem. It is designed to function as a governance token, meaning that holders can participate in key decisions regarding the future development and direction of the Axie Infinity universe. This includes voting on proposals and influencing the evolution of the game.
Furthermore, AXS can be earned through gameplay within Axie Infinity. Players who actively engage with the game and achieve success may be rewarded with AXS tokens. These earned tokens can then be used for various purposes within the ecosystem, further incentivizing participation and engagement.
The utility of AXS extends beyond just governance and earning. It is also used for staking, allowing holders to lock up their tokens to support the network and potentially earn rewards. This mechanism contributes to the token's value and the overall stability of the Axie Infinity economy.
Axie Infinity operates on a custom-built blockchain called Ronin, which is an Ethereum sidechain. This design choice was made to improve the scalability and reduce transaction fees associated with the game's operations. While Ronin is the primary chain for the game, AXS tokens can also be found on other major blockchain networks.
Specifically, AXS exists as an ERC-20 token on the Ethereum mainnet. This allows for broader accessibility and integration with the wider Ethereum ecosystem, including decentralized exchanges and wallets that support ERC-20 tokens. Additionally, AXS is available on the BNB Smart Chain as a BEP-20 token, further expanding its reach and interoperability across different blockchain environments.
The presence of AXS on multiple chains signifies its adaptability and the developers' commitment to providing flexibility for users. This multi-chain support enhances liquidity and allows players to interact with the token on their preferred blockchain platform.
The core concept behind Axie Infinity and its associated token, AXS, is to create a sustainable digital economy where players have true ownership of their in-game assets and can derive real-world value from their engagement. This has been a foundational element of the play-to-earn movement.
The game's mechanics involve strategic battles where players use their Axies to compete against each other. The outcome of these battles can lead to in-game rewards, including tokens and items that can be exchanged or sold.
Breeding Axies is another key feature, allowing players to combine existing Axies to create new ones with unique traits. This process often requires the use of in-game currency and can be a significant part of the economic activity within the game.
The AXS token itself is integral to these economic activities. Its governance function ensures that the community has a say in the rules and parameters that govern these economic interactions, aiming for a balanced and fair ecosystem.
The development of Axie Infinity and the AXS token continues to evolve, with ongoing updates and expansions to the game's features and functionalities. The focus remains on fostering a vibrant community and a robust digital economy.
Key aspects of the Axie Infinity ecosystem and the AXS token include:
- Play-to-earn mechanics enabling players to earn digital assets.
- AXS as a governance token, allowing community participation in decision-making.
- NFTs (Axies) representing unique digital creatures owned by players.
- Staking opportunities for AXS holders to support the network and earn rewards.
- Operation on the Ronin sidechain for scalability, with presence on Ethereum and BNB Smart Chain for broader accessibility.
- A focus on creating a sustainable digital economy within a gaming metaverse.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the AXSUSDT market feed.
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