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AXSUSD
Axie Infinity / United States dollar
crypto Composite

Real-time
3/29/2023 7:15:01 PM UTC
8.54000USD+3.265%(+0.27000)53,565AXS452,392USD
8.49700Bid   8.56830Ask   0.07130Spread
OverviewHistoricalTrendsNewsMore
Composite
8.54000
Coinbase
8.54000
Kraken
8.50400
Binance.US
8.53000
Bitfinex
8.51620
Bitstamp
8.44235
Gemini
8.08000
Bittrex
8.39300
open chart   
open chart   
Market Cap
987.335M USD
Category
Media and Entertainment
Sector
Gaming
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Profile
Architected by Sky Mavis and inspired by Pokemon, Axie Infinity is a "play-to-earn" pet training game and virtual world built on the Ethereum blockchain. Players can collect, breed, battle, and trade in-game pets called Axies. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets. Axie Infinity is a distributed application that is currently running on the Ethereum Network, Loom Network and Ronin Network, using bespoke smart contracts to enable users to own, transfer, battle, and breed genetically unique digital creatures. Sky Mavis has embedded economic incentives in Axie infinity by leveraging Ethereum token standards ERC-20 and ERC-721. All unique in-game assets are represented by ERC-721 NFTs that live in users' wallets. In-game currencies SLP and AXS are fungible ERC-20 tokens. Axie combines the "digital property rights" that NFTs enable with algorithmic scarcity. Axies have finite breeding caps and the algorithm will adjust upwards the cost of breeding, denominated in SLP, as the user base grows. To account for scale in adoption and transactions, Sky Mavis created a purpose-built side chain called Ronin. The full Ronin migration was executed by mid-2021. Ronin permits for higher transaction throughput and lower gas fees for users. The Sky Mavis team also built out a simplified Ronin Wallet for smoother onboarding. Despite building out Ronin for transaction scaling, the explosion in Daily Average Users (450K during July 2021) overwhelmed servers, disrupting gameplay. As of July 2021, consensus on Ronin is reached via Proof of Authority. The Sky Mavis team plans to decentralize consensus via permitting community involvement. In an AMA on June 30, 2020 the Sky Mavis CEO Trung Ngyugen explained that the team may consider Delegated Proof of Stake (dPos). Similar to Roblux or Minecraft, Axie Infinity sacrifices a high-fidelity, realistic gaming experience for a smooth, unsharded user experience. The decision to keep graphics relatively crude enables individuals with commodity hardware to run the game enjoyably. Part of Axie's explosive adoption is due to mobile use in developing nations.

Axie Infinity (AXS-USD) Live Summary

Axie Infinity price today is $8.54000, and the 24-hour volume is 53,565. Axie Infinity is up 3.265% in the last 24 hours. Axie Infinity market cap is $987,334,671 with a circulating supply of 115,612,959. The max supply is 270,000,000.


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