All coins

Axie Infinity

AXS
GamingLaunched 2020
Max Supply
270.00M
Circulating
167.70M
Launched
2020
Minute-Level Data From
2022-12-28

What it does

Axie Infinity is a blockchain-based game where players collect, breed, battle, and trade fantasy creatures called Axies — each an NFT owned by the player. AXS is the governance and staking token of the Axie ecosystem, used for DAO governance, staking rewards, and as in-game currency. The game pioneered the 'play-to-earn' model and became a significant income source in Southeast Asia during its peak in 2021.

How it works

Axie Infinity runs on the Ronin sidechain (an Ethereum-linked network built specifically for gaming). Each Axie is an ERC-721 NFT with unique traits affecting battle performance. Players earn SLP (Smooth Love Potion) tokens through gameplay, which can be used to breed new Axies. AXS is earned through tournaments and staked to earn more AXS. The Axie DAO treasury, funded from marketplace fees, is controlled by AXS stakers. Sky Mavis (the developer) continues evolving the game toward Axie Infinity: Origins with improved gameplay mechanics.

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Problem it solves

Traditional game publishers monetize players through microtransactions and keep all in-game value within walled gardens. Axie Infinity demonstrated that a game economy where players truly own their assets as NFTs and earn real income through gameplay is viable. This created a new economic model ('play-to-earn') particularly impactful in developing economies where game earnings provided meaningful income.

Key Differentiator

The game that proved play-to-earn economics at scale, with millions of active players and a dedicated Ethereum-linked gaming blockchain (Ronin), while pioneering NFT asset ownership and DAO governance for a live game with an active player economy.

Tokenomics

Supply Model
Fixed (270M max supply; gradually releasing via play rewards and staking)
Staking
Stake AXS to earn AXS rewards; staking APY varies based on staking pool size
Burn Mechanism
AXS burned for certain in-game activities and breeding operations
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Ecosystem

Chain: Ronin Network (Ethereum-linked sidechain built by Sky Mavis)
Depends on: Sky Mavis development, Ronin bridge security (hacked for $625M in 2022, subsequently recovered), new player acquisition, SLP/AXS balance
Influences: Play-to-earn gaming market broadly, NFT gaming sector, Ronin Network DeFi (Katana DEX)

Similar Projects

Sources

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Backtest Axie Infinity with real historical data

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Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only — not financial advice.