Buy Axie Infinity.

The current Axie Infinity price is $1.12 as in the last 24 hours its value has changed by -0.10%. Axie Infinity ranks number 140 in terms of market capitalization. Axie Infinity is a cryptocurrency you can buy, sell, or exchange on the Nexo platform.

Axie Infinity is a blockchain-based play-to-earn game where players collect, breed, and battle fantasy creatures called Axies. Developed by Vietnamese studio Sky Mavis and launched in 2018, the game combines elements of strategy and digital asset ownership, allowing players to earn real-world value through gameplay.

Each Axie is a unique, tradable NFT (non-fungible token) with distinct traits and abilities. Players can use their Axies in battles, trade them on marketplaces, or breed them to create new ones. To start playing, users need to assemble a team of three Axies, which can be purchased from the Axie Infinity Marketplace.

The game operates on the Ronin sidechain, an Ethereum-linked blockchain developed by Sky Mavis. This infrastructure offers faster transactions and lower fees, enhancing the gaming experience by addressing scalability issues commonly associated with Ethereum.

Axie Infinity utilizes a dual-token system:

• Axie Infinity Shards (AXS): An ERC-20 governance token that allows holders to participate in key decisions regarding the game's development and ecosystem. AXS can be earned through gameplay, staking, and participating in governance votes.
• Smooth Love Potion (SLP): An in-game currency earned by winning battles and completing quests. SLP is primarily used for breeding new Axies.

The total supply of AXS tokens is capped at , with a vesting schedule that aims to distribute all tokens by early 2026. As of now, the circulating supply is approximately , and the current market capitalization stands at $190,315,960.02. The current price of AXS is $1.12.

Axie Infinity reached its all-time high price of on . Since then, the game's economy has faced challenges, including token inflation and sustainability concerns, leading to ongoing adjustments by the developers to maintain balance and long-term viability.

Despite these challenges, Axie Infinity remains a pioneering project in the GameFi space, continually evolving to provide a compelling blend of gaming and decentralized finance.