Latest Movements
Axie Infinity (AXS) is currently priced at $30 with a 24-hour trading volume of $70.45M. The market cap of Axie Infinity stands at $970.21M, with 157.5M AXS in circulation. For those looking to buy or trade Axie Infinity, Nexo offers avenues to do so securely and efficiently
- Market cap
- $970.21M
- 24h volume
- $70.45M
- Circulating supply
- 157.5M AXS
Frequently Asked Questions About Axie Infinity (AXS) Lending
- What is Axie Infinity (AXS) and what is it used for?
- Axie Infinity (AXS) is the governance and utility token for the Axie Infinity ecosystem, a blockchain-based game where players collect, breed, and battle fantasy creatures called Axies. AXS can be earned by playing the game, staking in the protocol’s governance system, and participating in various in-game activities. It is also used to participate in governance decisions (voting on proposals) and to breed new Axies, with breeding costs often paid in AXS or related in-game tokens. As with many ecosystem tokens, the supply dynamics and utility expand as the game and related services evolve.
- How do I buy Axie Infinity (AXS) and where is it traded?
- AXS is listed on multiple major crypto exchanges and can be purchased with fiat or other cryptocurrencies. To buy, create an account on a supported exchange, complete identity verification if required, deposit funds (USD, EUR, etc.), and place a buy order for AXS. After purchase, you can transfer AXS to a personal wallet if you want more control or stake it directly on supported platforms for rewards. Always verify the platform’s security practices and check the current trading pairs (e.g., AXS/USD, AXS/ETH). Remember to use reputable wallets and enable security features like 2FA.
- What factors influence Axie Infinity’s price and volatility?
- AXS price is influenced by game ecosystem activity (play-to-earn earnings, breeding demand, and Axie marketplace activity), overall crypto market conditions, tokenomics (supply dynamics, staking incentives, and burn mechanics if any in the ecosystem), and external developments such as ecosystem partnerships or updates. The circulating supply is a critical factor; with a max supply of 270 million, a portion can affect long-term scarcity. Additionally, regulatory news and investor sentiment around gaming-focused tokens can drive short-term volatility.
- What is the current supply situation for AXS and how does it affect value?
- As of now, about 168.24 million AXS are in circulation out of a max supply of 270 million. A growing circulating supply can exert downward pressure if demand doesn’t keep pace, while strong demand from players, breeders, and stakers can support price appreciation. The staking and governance utilities can create additional demand, as holders may choose to stake AXS to earn rewards and participate in protocol governance. Investors should monitor updates on staking rewards, burn or mint schedules (if applicable), and any changes to supply mechanics announced by the Axie Infinity team.
- Are there any risks or considerations to keep in mind before investing in AXS?
- Yes. First, Axie Infinity is a game-focused project, so its value is closely tied to the health and adoption of the platform. User growth, game economy balance, and developer updates critically affect token demand. Technical risk includes smart contract vulnerabilities and platform downtime. Regulatory risk around digital assets and geographic restrictions may impact access or earnings. Finally, liquidity risk exists on smaller markets or in periods of high volatility. Diversification and thorough due diligence (comparing on-chain metrics, market depth, and ecosystem activity) are prudent before investing.
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