Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

What is Axie Infinity (AXS)?

Axie Infinity basic info

Name:Axie Infinity
Ticker:
Introduction:

What Is Axie Infinity?

Axie Infinity is an NFT game on the Ronin network that combines elements of digital pet breeding, player-vs-player (PvP) combat, and cryptocurrency trading. It is developed on the Ronin network, a customized Ethereum sidechain built specifically for the game itself. In Axie Infinity, players can own, trade, breed, raise, and combat using non-fungible token (NFT)-based Axie creatures. Each Axie creature is unique in terms of its attributes and appearance, and is stored as an NFT on the blockchain, granting true ownership to the player.

The game's popularity has exploded in recent years, largely due to the elegant integration of gaming, crypto, and blockchain elements. Players can earn cryptocurrency rewards by participating in battles and other in-game activities, making it a prominent name in the GameFi world. However, in 2022, Axie Infinity suffered a major hack, resulting in significant financial losses for the platform and its users. To compensate victims, the project managed to raise USD 150 million.

Resources

Resources: https://whitepaper.axieinfinity.com/

Official Website: https://axieinfinity.com/

How Does Axie Infinity Work?

The core gameplay of Axie Infinity centers around owning and battling with Axie creatures, where players can team up with their friends, engage in single-player modes, or even compete in player-vs-player (PvP) tournaments. Battles are turn-based and involve strategy, with players selecting moves for their Axies and using their unique abilities to gain an advantage over opponents. The outcome of each battle is determined by a combination of factors such as Axie attributes, player strategy, and luck.

The game also features an active in-game marketplace where players can buy and sell Axies, land plots, and other virtual items. Transactions in the marketplace are facilitated by the game's native cryptocurrencies, Axie Infinity Shards (AXS) and Small Love Potion (SLP). AXS serves as the primary currency for governance, staking, and in-game payments, while SLP is earned by playing the game and used to breed Axies. The integration of these cryptocurrencies into the game's ecosystem allows players to monetize their in-game activities.

What Is AXS Token?

Axie Infinity Shards (AXS) is the primary cryptocurrency of the Axie Infinity game. It serves multiple purposes within the game's ecosystem, including governance, staking, and in-game payments. Players can use AXS to vote on proposals that affect the game's development and future, participate in staking to earn rewards, and make in-game purchases. Additionally, AXS can be traded on various cryptocurrency exchanges, providing players with the opportunity to convert their in-game earnings into real-world assets.

Axie Infinity's Impact on Finance

Axie Infinity has had a significant impact on the world of finance, particularly in the emerging field of GameFi (Game Finance). By successfully combining gaming and blockchain technology, Axie Infinity has created a new form of financial interaction where players can earn cryptocurrencies by participating in the game. This has opened up new income streams for players, especially in regions where traditional financial systems may be less accessible.

What Determines Axie Infinity's Price

The dynamics of Axie Infinity price are influenced by a myriad of factors, intricately woven into the game's play-to-earn mechanism and the broader cryptocurrency market trends. Central to the Axie Infinity universe are the unique digital creatures known as Axies, which are essentially non-fungible tokens (NFTs) symbolizing ownership and rarity. The AXS crypto price tends to fluctuate based on the trading and breeding activities surrounding these Axies, their value determined by various attributes like rarity, experience, and unique abilities.

The Axie Infinity market cap is notably impacted by the governance token, Axie Infinity Shards (AXS), and the utility token, Smooth Love Potion (SLP). The AXS coin price is tightly linked to the game's decentralized governance system where holders can stake their tokens to claim rewards and partake in key governance votes, influencing the Axie Infinity price prediction. In contrast, the SLP, primarily used for breeding Axies, has an unlimited supply, potentially affecting the Axie Infinity coin price due to its fluctuating value based on supply and demand dynamics.

As you explore deeper into the Axie Infinity price analysis, it is essential to recognize the role of the game's economic potential in determining the AXS price today. Players have multiple avenues to earn within the game, including participating in player vs. player battles, breeding, and trading Axies on the marketplace, and speculating on the value of rare Axies. These activities not only offer a glimpse into the Axie Infinity price live but also shape the AXS price prediction 2023, contributing to the game's overall trading volume and market dynamics.

Furthermore, the Axie Infinity trading volume is significantly influenced by broader cryptocurrency market trends and the integration of blockchain technology in the gaming industry. The game's native cryptocurrency, AXS, operates on the Ethereum blockchain, aligning the Axie Infinity (AXS) price USD with trends and fluctuations in the Ethereum network. As you ponder the AXS price forecast, it is crucial to monitor developments in the blockchain sector and potential updates from the developers, Sky Mavis, which could influence the Axie Infinity latest price and the Axie Infinity coinmarketcap.

To make an informed decision on when to buy Axie Infinity coin, prospective investors should conduct detailed research, considering both the game's internal dynamics and the broader crypto market trends. The Axie Infinity historical price data can provide insights into potential future trends, aiding in crafting a more accurate AXS coin price prediction. As the Axie Infinity universe continues to evolve, with new developments like the introduction of virtual land plots and potential expansions, staying updated with the AXS crypto news will be vital in navigating the vibrant and ever-changing landscape of Axie Infinity's market.

Show more
Current price:
All-time high:$165.37
All-time low:$0.1234

AXS supply and tokenomics

Circulating supply:156,885,630 AXS
Total supply:270,000,000 AXS
Max supply:0 AXS
Market cap:$971.46M
Fully diluted market cap:$1.67B
Token allocation:
Staking Rewards
29.00%
Sky Mavis
21.00%
Play-to-Earn
20.00%
Public Sale
11.00%
Ecosystem Fund
8.00%
Advisors
7.00%
Private Sale
4.00%
Tokenomics:

Uniqueness

Each Axie possesses six out of the hundreds of different potential body parts — each of which has its own battle move. This produces essentially endless variety among Axies, with most Axies having relatively weak statistics, while those with the strongest combination of body parts can have incredible stats.

Unlike some other blockchain-based battling and breeding games, each Axie can only be bred a total of seven times to help control the population of Axies.

Axie Infinity has its own mating hub to help players find a suitable match to breed their Axie with to stand the best chance at producing a rare or powerful offspring. It costs 0.005 ETH in addition to Small Love Potion (SLP) tokens to breed Axies.

AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike some other stakeable assets, AXS holders will also need to vote and play to claim their rewards.

Token utility

The AXS token has the following use cases:

  • Governance: AXS token holders will be able to stake their tokens and participate in governance votes.
  • Staking: Players will be able to stake their AXS to earn weekly rewards.
  • Payment: Players can use the AXS token to play games and conduct payments.

Links

Buy Axie Infinity for $1Buy AXS now

What is the development prospect and future value of AXS?

The market value of AXS currently stands at $971.46M, and its market ranking is #101. The value of AXS is widely recognized by the market. When the bull market comes, the market value of AXS will likely continue to increase.

Moreover, if AXS can play a greater role in practical applications, such as Axie Infinity builders fully leveraging the potential of AXS, partnering with more businesses, and increasing its user base, the long-term value of AXS will be significantly enhanced.

What will the price of AXS be in 2025?
Based on AXS's historical price performance prediction model, the price of AXS is projected to reach $9.41 in 2025.
What will the price of AXS be in 2030?
In 2030, the AXS price is expected to change by +4.00%. By the end of 2030, the AXS price is projected to reach $17.72, with a cumulative ROI of +188.04%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of AXS and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is AXS worth investing or holding? How to buy AXS from a crypto exchange?

If you want to buy AXS, the following information may be helpful for your investment decisions:
In the last 7 days, the price of AXS has fallen by -19.05%, leading to negative returns for most AXS investors. The market is currently pessimistic about the price trend of AXS.
It is important to note that the current price of AXS has retreated by -96.26% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether AXS is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in AXS or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of AXS, if you want to buy or sell AXS, you can consider Bitget for your trading needs. The best place to buy AXS is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Axie Infinity has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Axie Infinity. Here's a step-by-step guide on how to buy Axie Infinity on Bitget.

How to get Axie Infinity through other methods?

Using cash to buy Axie Infinity is not the only way to obtain Axie Infinity. If you have the time to spare, you can get Axie Infinity for free.
Learn how to earn Axie Infinity for free through the Learn2Earn promotion.
Earn free Axie Infinity by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Axie Infinity airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Axie Infinity through Bitget Convert, Bitget Swap, or spot trading.

What is Axie Infinity used for and how to use Axie Infinity?

The use case of Axie Infinity may expand as the crypto market and the project itself develop. Currently, you can use AXS to achieve the following goals:
Arbitrage by trading AXS: Since AXS is a frequently traded cryptocurrency, the price of AXS is always fluctuating. Earn more AXS by buying low and selling high on the exchange. Bitget spot market provides a variety of AXS trading pairs to fully meet your needs.
Earn by staking AXS: You can also generate income through financial management methods such as staking AXS or lending AXS. Bitget Earn offers a variety of financial products designed to help you earn more income from your AXS.
Send or pay AXS: If you want to give AXS to your friends, a charity, or a fundraiser, or you want to pay someone with AXS, you can quickly and easily send AXS to the recipient through their payment address.
You can also go to the official website of the Axie Infinity project to learn more about the use cases of AXS. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Axie Infinity Wiki

Learn more about Axie Infinity

Learn about other cryptos

New listings on Bitget

New listings

Recently added coin prices

More
A selection of recently added coins

Trending coin prices

More
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours

Where can I buy Axie Infinity (AXS)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.