Axie Infinity
About Axie Infinity
The price of Axie Infinity (AXS) is $4.90 today, as of Sep 20 03:32 a.m., with a 24-hour trading volume of $27.83M. Over the last 24 hours, the price has increased by 1.77%. Axie Infinity currently has a circulating supply of 149.84M and a market cap of $734.23M.
Axie Infinity Shards (AXS) is the native governance token of the Axie Infinity network, which is a platform built by Vietnam-based company Sky Mavis for trading resources earned in the Axie Infinity video game. The play-to-earn feature of the game, coupled with a successful marketing strategy, drove a 200 times increase in the price of the token in 2021.
The AXS price rose rapidly in the summer of 2021 and surged again at the start of October 2021, when Axie Infinity’s creators announced that they had distributed 800,000 AXS tokens to users who had played the game before Oct. 26, 2020. Those tokens were worth more than $60 million at the time.
Also in early October 2021, Sky Mavis announced that it had raised $152 million in a Series B funding round that was led by venture capital firm Andreessen Horowitz at a valuation of $3 billion. The company also introduced a staking function for AXS that gave users the ability to earn yield and gain governance voting rights by locking up their tokens.
As of January 2022, the all-time high AXS price was $164.90, recorded in early November 2021. It started 2021 at less than $1.
AXS supply is capped at 270 million. Player rewards will account for 20% of the supply and staking rewards for 29%, while the creators of the game at Sky Mavis will be gradually allocated around 20% over a period of years. The rest has been distributed in public and private sales or is being held in reserve for developing the Axie Infinity ecosystem.