Axie Infinity Price

Axie Infinity is a blockchain-based cryptocurrency and governance token for the Axie Infinity gaming ecosystem. It serves multiple purposes within the platform: 1. Governance: AXS holders can stake tokens to participate in voting on important decisions regarding the game's development and economy. 2. Staking rewards: Players can stake AXS to earn weekly rewards. 3. In-game payments: AXS can be used for various transactions within the Axie Infinity universe. Axie Infinity was launched in November 2020 and has since become one of the leading gaming tokens in the crypto space. It's built on the Ethereum blockchain and is also available on other networks like Ronin, Binance Smart Chain, and Solana. As of 2026-02-02, Axie Infinity is trading at $1.7 with a 24-hour trading volume of $4.37M. Its current market cap stands at $288.56M, ranking it #163 among all cryptocurrencies. The circulating supply is 168.87M AXS AXS out of a total supply of 270M AXS. Looking ahead, some analysts predict Axie Infinity could reach $2.11 by 2027, $2.98 by 2031, and potentially -- by 2036, driven by the growth of blockchain gaming and the play-to-earn model.

Axie Infinity was created on August 31, 2020. It was launched as an ERC-20 token on the Ethereum blockchain to serve as the governance token for the Axie Infinity gaming ecosystem. Since its creation, Axie Infinity has become a key component of the play-to-earn model in the Axie Infinity game, allowing players to earn rewards through gameplay and participate in governance decisions. The token has gained significant popularity and adoption within the blockchain gaming space since its launch in 2020.

The founders of Axie Infinity are Trung Nguyen, Aleksander Leonard Larsen, and Jeffrey Zirlin. They co-founded Sky Mavis, the company behind Axie Infinity, in 2018. Trung Nguyen serves as the CEO, Aleksander Leonard Larsen as the COO, and Jeffrey Zirlin as the Growth Lead. The team's vision was to create a blockchain-based game that could provide players with true ownership of in-game assets and the ability to earn cryptocurrency through gameplay. Their innovative approach to gaming and blockchain technology has made Axie Infinity one of the most successful play-to-earn games in the crypto space, with a current market cap of $288.56M and a price of $1.7 as of 2026-02-02.

Axie Infinity works as the native utility token of the Axie Infinity ecosystem. It serves multiple functions: Governance: Axie Infinity holders can stake their tokens to participate in voting on platform decisions. Staking: Players can stake AXS to earn weekly rewards. In-game payments: AXS can be used for various transactions within the game. The token operates on the Ethereum blockchain and the Ronin sidechain, which was built to improve scalability and user experience. Players can earn AXS by completing daily quests and battling other players in the game. AXS is also used in the breeding process of Axies, the collectible creatures central to the game. However, this breeding requirement may be phased out in the future as AXS transitions to a pure governance token. The total supply of AXS is capped at 270M AXS, with 168.87M AXS currently in circulation. As of 2026-02-02, AXS is trading at $1.7 with a market cap of $288.56M.

Axie Infinity utilizes a dual-layer architecture consisting of the Ethereum mainnet and a custom sidechain called Ronin. The Ethereum layer hosts the AXS ERC-20 token and core smart contracts, while Ronin provides faster and cheaper transactions for gameplay. This setup allows Axie Infinity to leverage Ethereum's security while achieving greater scalability through Ronin. The Ronin sidechain uses a Proof-of-Authority consensus mechanism with trusted validator nodes to process transactions quickly. Assets can be bridged between Ethereum and Ronin via a secure bridge contract. This hybrid approach enables Axie Infinity to support high-volume gaming activity while maintaining connection to the broader Ethereum ecosystem.

The future and roadmap of Axie Infinity looks promising. The team is focused on expanding the ecosystem and improving gameplay. Key upcoming developments include: 1. Launching Land gameplay in 2026, allowing players to build and customize their Axie kingdoms. 2. Introducing new game modes and mini-games by 2027 to increase engagement. 3. Enhancing the Ronin blockchain to support more dApps and NFT projects in the Axie Infinity universe. 4. Implementing governance features by 2028, giving AXS holders more say in the project's direction. 5. Expanding esports tournaments and partnerships to grow the player base. 6. Developing mobile versions of Axie Infinity to reach a wider audience. 7. Exploring metaverse integrations and cross-chain functionality by 2031. The team aims to make Axie Infinity a leading play-to-earn blockchain game and establish AXS as a key gaming token. With continuous development and community growth, AXS has potential to reach $2.11 by 2027, $2.65 by 2026+3, and $2.98 by 2031.