axs crypto
What Is Axie Infinity (AXS)?
AXS is the governance and utility token within the Axie Infinity ecosystem, built on the Ethereum ERC-20 standard. It serves several core functions including governance voting, staking for rewards, and payment settlement within the game and its marketplace. Governance allows token holders to participate in voting on platform rules or resource allocation; staking refers to locking tokens within the protocol to earn periodic rewards.
Axie Infinity is a digital universe inspired by “Pokémon,” where players collect, battle, breed, and trade digital pets and assets, forming a vibrant game economy. To enhance scalability and user experience, the team developed the Ronin sidechain (a Layer 2 scaling solution), enabling lower transaction costs and faster speeds while maintaining interoperability with Ethereum.
What Are the Current Price, Market Cap, and Circulating Supply of Axie Infinity (AXS)?
As of 2026-01-04: AXS trades at approximately $0.921200, with a circulating supply of 167,732,400.250935 tokens. Both the total and maximum supply are capped at 270,000,000 tokens. The market capitalization stands at about $248,724,000; fully diluted valuation (FDV) is also around $248,724,000. The 24-hour trading volume is roughly $124,473.511248. Price changes: -1.37% (1h), +3.09% (24h), +3.21% (7d), -14.92% (30d).
Click to view the latest AXS price data
Circulating supply refers to the number of tokens available for trading on the market; market cap ≈ price × circulating supply; fully diluted valuation (FDV) ≈ price × max supply. All figures are based on provided data as of 2026-01-04 and are subject to market fluctuations.
Who Created Axie Infinity (AXS) and When?
AXS was launched on 2020-11-03 as part of the Axie Infinity ecosystem. Axie Infinity was initiated by the Sky Mavis team, originally operating on Ethereum before gradually migrating gameplay interactions to the Ronin sidechain to improve performance and lower fees (public information as of October 2024).
As the player base expanded, Ronin’s infrastructure and wallet ecosystem were further enhanced from 2021 onward to support smoother in-game transactions and asset management (public information as of October 2024).
How Does Axie Infinity (AXS) Work?
AXS is an ERC-20 token issued on Ethereum but primarily used for high-frequency game interactions on the Ronin sidechain. A sidechain is an independent blockchain running parallel to a main chain and connected via bridges for asset transfer; Layer 2 refers to scaling solutions built atop a main chain to increase throughput and reduce costs.
In terms of governance, AXS holders can vote on ecosystem development topics such as fund allocation or parameter adjustments. Economically, players can stake AXS to earn periodic rewards, typically sourced from protocol emissions or fee distribution. For utility, AXS is used for in-game payments and marketplace settlements—such as purchasing items or participating in events.
What Can You Do With Axie Infinity (AXS)?
Key use cases for AXS include: participating in governance voting, staking to earn rewards, and facilitating payments within the game and NFT marketplace. Governance enables the community to influence critical decisions; staking involves locking tokens for potential returns that may vary with protocol settings; payment scenarios cover in-game items, breeding fees, and land ecosystem expenses.
For example: Players can use AXS as a settlement token when buying assets in the Ronin ecosystem marketplace; holders can vote on governance proposals during open periods to influence ecosystem direction and resource allocation.
What Are the Main Risks and Regulatory Considerations for Axie Infinity (AXS)?
Price Volatility: Crypto asset prices are highly sensitive to supply, demand, and market sentiment, often experiencing significant short-term swings.
Technical & Smart Contract Risk: Vulnerabilities may exist in smart contracts; sidechains and cross-chain bridges involve asset transfers that require robust security audits and ongoing maintenance.
Liquidity & Lock-Up Risk: Staking involves locking up funds, making them temporarily non-tradable. Rewards and unlocking rules may change.
Ecosystem & Demand Risk: The token’s utility depends on game popularity, user retention, and ongoing content updates.
Regulatory & Compliance Risk: Jurisdictions differ in their approach to token trading and gaming token regulation. Policy changes can impact use and trading rights.
Account & Private Key Security: Exchange accounts should enable strong security settings; if self-custody wallets’ seed phrases are leaked or lost, assets may be irretrievable.
What Is the Long-Term Value Proposition for Axie Infinity (AXS)?
The long-term value of AXS depends on user growth within the Axie Infinity ecosystem, content updates, sound economic design, and effective governance. If the game continues to innovate, Ronin expands its ecosystem, and governance efficiently allocates value and incentives contributors, AXS’s role in governance and payments becomes more entrenched. Conversely, declining user demand or unbalanced incentives could weaken token utility and value.
On supply: AXS is capped at a maximum supply of 270 million tokens—this limit helps define a mid-to-long-term valuation framework. However, actual value depends on the release schedule and evolving demand.
How Can I Buy and Safely Store Axie Infinity (AXS) on Gate?
Step 1: Register and log into your Gate account using a commonly used email or mobile number and set a strong password.
Step 2: Complete identity verification (KYC). Submit required identification documents as prompted to increase withdrawal and trading limits.
Step 3: Prepare funds. Buy USDT with fiat on Gate or deposit USDT/stablecoins from other wallets to ensure you have trading capital.
Step 4: Search for trading pairs. On the trading page, search “AXS” and select common pairs like AXS/USDT.
Step 5: Place a buy order. Choose between limit or market orders based on your needs, enter the quantity, and confirm your purchase. Your assets will appear in your spot account upon order completion.
Step 6: Secure your account. Enable two-factor authentication (2FA), withdrawal whitelist, and anti-phishing codes to reduce risk of account compromise.
Step 7: Withdraw to a self-custody wallet (optional). For long-term holding or participation in on-chain activities, transfer AXS to your personal wallet. Always double-check that you’ve selected the correct network (Ethereum or Ronin) and destination address before withdrawing to avoid loss due to incorrect network selection.
Step 8: Store securely. Back up your wallet’s seed phrase offline—avoid taking photos or storing it in the cloud—and regularly update your wallet software to guard against malicious plugins or phishing sites.
What Are the Differences Between Axie Infinity (AXS) and SLP?
Both tokens belong to the Axie ecosystem but have distinct roles and supply models. AXS is a governance and utility token with voting rights, staking capabilities, payment functions, and a maximum supply of 270 million tokens. SLP is mainly used for in-game breeding and consumable purposes; it has an inflationary supply model closely tied to gameplay activity.
In terms of value: AXS derives value from governance rights, staking incentives, and ecosystem payment demand; SLP’s value is mainly determined by the balance between in-game consumption and issuance. Their risk profiles differ as well—AXS requires attention to governance effectiveness and long-term ecosystem growth, while SLP risk centers on shifts in in-game demand and inflation control. The two work in synergy within the ecosystem rather than serving as substitutes.
Summary of Axie Infinity (AXS)
AXS is an ERC-20 governance and utility token for the Axie Infinity ecosystem—enabling voting, staking, and payments—and leverages the Ronin sidechain for enhanced usability. With a capped supply of 270 million tokens as of January 4th, 2026, its price and market cap fluctuate with broader market trends. The long-term value of AXS hinges on continuous innovation within the game/ecosystem, effective governance, and stable user demand. Practically, investors can follow a step-by-step process to purchase AXS on Gate while prioritizing network selection, account security, and private key management. Given multidimensional risks such as price volatility and technical vulnerabilities, it’s advised to understand both usage scenarios and mechanisms before investing—diversifying holdings, controlling position size, and staying updated on ecosystem developments and regulatory changes.
FAQ
What Are the Fundamental Differences Between AXS and SLP Tokens?
AXS is Axie Infinity’s governance token used for platform decision-making participation and staking rewards; SLP is an in-game reward token earned through battles. Simply put: AXS acts like company shares representing governance rights; SLP reflects play-to-earn income within the game. Although both operate in the Axie ecosystem, their purposes and acquisition methods are entirely distinct.
What Benefits Do AXS Holders Receive?
AXS holders can stake their tokens for rewards while enjoying voting rights over major game decisions. Staking requires locking AXS on official platforms with annual yields depending on lock-up duration. In addition, AXS can be traded on exchanges like Gate for profit potential based on price movement—though market volatility should be carefully considered.
How Should Beginners Get Started With AXS?
It’s recommended that newcomers purchase small amounts of AXS through reputable exchanges such as Gate to gain experience while learning about Axie Infinity’s gameplay mechanics and tokenomics. If interested in gaming aspects, start by playing to earn SLP before gradually building an AXS position—avoid buying at peak prices; consider accumulating gradually during market corrections.
What Is the Supply Structure of AXS?
AXS has a total supply of 270 million tokens with most already circulating. Token allocation spans team members, investors, player rewards, among other stakeholders. Real-time circulating supply and market cap rankings can be checked on exchanges like Gate for insights into scarcity and popularity.
What Are the Main Risks Facing AXS?
AXS faces risks such as declining game popularity, regulatory changes, inflationary pressures on tokens, among others. Play-to-Earn games face sustainability challenges; some regions take a cautious stance toward crypto gaming. Always understand risks before investing—never commit more funds than you can afford to lose—and regularly monitor project updates and market conditions.
Axie Infinity (AXS) Key Terms Cheat Sheet
- Play-to-Earn: An economic model where players earn tokens or NFTs through gameplay activities.
- NFT: Non-fungible token representing unique digital asset ownership within games.
- Staking: Mechanism where AXS tokens are locked for governance rights and yield rewards.
- Governance Token: Tokens allowing holders to participate in project decision-making or community governance.
- Smart Contract: Self-executing programs that automate rules or asset transactions on blockchains.
- Gas Fees: Network fees required to execute transactions or smart contracts on blockchains.
Axie Infinity Shards (AXS): References & Further Reading
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Official Site / Whitepaper:
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Development / Docs:
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Authoritative Media / Research:
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