Axie Infinity

Rate

At this moment, the price of Axie Infinity is —. The 24-hour trading volume is —. Over the past 24 hours, the price of Axie Infinity has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.

History

Built by Vietnamese studio Sky Mavis from 2018, it became the defining play-to-earn game of the 2021 cycle, at one point supporting significant livelihoods in the Philippines. The 2022 hack of its Ronin bridge was among the largest crypto thefts recorded.

Technology

The game runs on Ronin, a sidechain Sky Mavis built to keep transaction costs low enough for frequent in-game actions. AXS is used for governance and staking.

Use cases

AXS is traded as exposure to blockchain gaming, a sector that has proved highly cyclical and closely tied to player numbers.

Forecast

Walbi does not publish price targets. What can be said is what moves this instrument: aXS is traded as exposure to blockchain gaming, a sector that has proved highly cyclical and closely tied to player numbers. It trades here as a USD-settled perpetual contract, so a position carries no ownership of the underlying and funding is exchanged between long and short holders for as long as it stays open.