Axie Infinity 

AXS Price

What is the Axie Infinity blockchain game?

Axie Infinity is a blockchain game universe developed by Vietnamese studio Sky Mavis, founded in 2018. Players collect, breed, battle, and trade NFT creatures called Axies. The game launched on Ethereum and now runs largely on Ronin, Sky Mavis's own EVM gaming sidechain, with wrapped AXS contracts also deployed on Binance Smart Chain, Harmony, and Energi. The economy uses two tokens: AXS, the governance and staking token, and SLP (Smooth Love Potion), the in-game reward token.

How does the AXS token differ from SLP in the Axie economy?

AXS (Axie Infinity Shards) is the governance and staking token of Axie Infinity, while SLP (Smooth Love Potion) is the in-game utility token earned as a gameplay reward. The two are separate assets that trade on separate markets at independent prices. AXS carries governance rights and pays staking rewards. SLP functions as the play-to-earn reward currency inside the game.

What is AXS's total supply and token allocation?

Per DropsTab data, the maximum supply of AXS is capped at 270,000,000 tokens, and total supply equals that cap. The original allocation: Staking Rewards 29%, Team 21%, Play-to-Earn 20%, Binance Launchpad 11%, Ecosystem 8%, Advisors 7%, and Private Sale 4%. About 63% of the cap was earmarked for community and gameplay emissions. Team, Advisors, and Private Sale together make up 32%, the insider share of the fixed cap.

Is AXS a coin or a token, and how is it classified?

AXS is a token that lives on the infrastructure of existing chains such as Ethereum and Ronin. Ronin's native gas token is RON, a separate asset. Per DropsTab data, AXS is classified under Gaming with an SEC security token tag, a label that reflects its staking and investment framing.

What does the AXS vesting schedule mean for investors?

AXS's token generation event took place on November 4, 2020 via Binance Launchpad, releasing the full 11% Launchpad allocation of 29.7M AXS alongside TGE tranches for Team, Advisors, Play-to-Earn, Ecosystem, and Private Sale. Per DropsTab vesting data, 65 unlock events are tracked, with linear releases across 2021-2023 and final rows in April 2023. No large insider cliff remains ahead, since Team and Advisor vesting per the schedule is complete. Remaining inflation comes from the declining staking and Play-to-Earn emission.

Who backed Axie Infinity and how much did Sky Mavis raise?

DropsTab fundraising data shows six documented rounds. Sky Mavis raised $1.5M in a Seed round in November 2019, led by Animoca Brands with Hashed and ConsenSys. The May 2020 Private Sale sold 10.8M AXS at $0.08 for $864,000. Mark Cuban led the $7.5M Series A in May 2021. The Series B in October 2021 raised $150M at roughly a $3B valuation, led by a16z with Paradigm and Samsung NEXT. The Binance Launchpad sale on November 3, 2020 raised $2.97M at $0.10 per token.

What happened to Axie Infinity after the 2021 peak?

Play-to-earn activity peaked in 2021. In March 2022, the Ronin bridge hack drained about $624M, an attack later partially attributed to the Lazarus Group. Sky Mavis responded with a $150M round in April 2022, led by Binance with a16z and Paradigm, to reimburse Ronin bridge users. Development then broadened into Axie Classic, Axie Origins, and Atia's Legacy, a combat-focused MMO. Atia's Legacy entered playtesting in September 2025, and its third playtest added PvP and co-op on July 1, 2026. No full-launch date has been announced.

How did the Atia's Legacy waitlist campaign work?

Per DropsTab activities data, the Atia's Legacy pre-registration waitlist ran from March 6 to April 3, 2025. Players pre-registered for playtesting of Atia's Legacy, the Axie MMO, through announcements on the official Axie Infinity X account and blog. The campaign has ended. Earlier community programs included the 2025 bAXS airdrop tied to Axie Score and staked AXS, and roughly 10 million AXS in player rewards distributed during 2025.

Does Axie Infinity staking still pay rewards?

Yes. AXS staking pays rewards from a declining emission schedule. In July 2025, Sky Mavis cut staking emissions by more than 35%. On November 26, 2025, the AXS Staking Revamp replaced the fixed schedule with a model that reduces emissions by 5% every 9 days, effective from December 2025. Reward rates therefore step down on a set cadence, so the yield available today differs from figures quoted in older sources.

Where can you buy and trade AXS?

50+ spot pairs on centralized exchanges trade AXS per exchange data on DropsTab, including Binance (AXS/USDT), Coinbase (AXS/USD), Kraken (AXS/USD, AXS/EUR), and Upbit (AXS/KRW). Fiat on-ramps exist in USD, EUR, KRW, TRY, JPY, and INR. Perpetual futures trade on more than 10 venues, among them Binance Futures and Hyperliquid. On decentralized exchanges, AXS pairs against WETH on Uniswap and Sushiswap and against BNB on PancakeSwap. Liquidity across Tier-1 venues is deep.