What is Axie Infinity?
Axie Infinity is a blockchain-based game developed by Sky Mavis where players collect, breed, and battle fantasy creatures called Axies. It pioneered the play-to-earn model that gained massive popularity in 2021.
The game runs on Ronin, a purpose-built Ethereum sidechain created by Sky Mavis for faster and cheaper transactions. Players earn tokens by competing in battles and completing quests.
AXS is the governance token of the Axie universe, used for staking, governance voting, and in-game transactions. A separate token, SLP (Smooth Love Potion), is earned through gameplay.
AXS Tokenomics
AXS has a maximum supply of 270 million tokens. Staking rewards, play-to-earn distribution, and ecosystem fund allocations make up the emission schedule extending through 2026.
AXS Historical Price Performance
AXS exploded from under $1 to $165 in 2021 as play-to-earn gaming took Southeast Asia by storm. The Ronin bridge hack in March 2022 ($625M) and declining player numbers led to a major correction.
Frequently Asked Questions
Play-to-earn is a gaming model where players earn cryptocurrency by playing. Axie Infinity pioneered this with SLP tokens earned through battles, which could be sold for real money.
In March 2022, hackers stole $625 million from the Ronin bridge. Sky Mavis and Binance led a funding round to reimburse affected users, and security was significantly strengthened.
Yes, players can earn through battles and the Axie marketplace. Sky Mavis has shifted focus with Origins (free-to-play) and Homeland (land-based gameplay) to improve sustainability.
Ronin is an Ethereum-compatible sidechain built specifically for Axie Infinity. It provides fast, cheap transactions and has expanded to host other games beyond Axie.
What is play-to-earn?
Play-to-earn is a gaming model where players earn cryptocurrency by playing. Axie Infinity pioneered this with SLP tokens earned through battles, which could be sold for real money.
What happened with the Ronin hack?
In March 2022, hackers stole $625 million from the Ronin bridge. Sky Mavis and Binance led a funding round to reimburse affected users, and security was significantly strengthened.
Can you still earn from Axie Infinity?
Yes, players can earn through battles and the Axie marketplace. Sky Mavis has shifted focus with Origins (free-to-play) and Homeland (land-based gameplay) to improve sustainability.
What is the Ronin chain?
Ronin is an Ethereum-compatible sidechain built specifically for Axie Infinity. It provides fast, cheap transactions and has expanded to host other games beyond Axie.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.