Convert between AXS and US dollars at the live rate.
$164.90
−99.46% from current
$0.123718
+622.70% from current
Independent editorial ranking. Score is 0–10 across six criteria: Security, Fees, UX, Features, Support, Reputation.
US and EU users who prioritise a spotless security record — no major hack since 2011 — and want a serious pro-grade trading terminal.
Institutions and funds requiring an SEC-registered venue with segregated qualified custody and audited on-chain reserves.
Active spot traders chasing the deepest global liquidity and the widest listing catalogue outside the US perimeter.
Traders who mix spot and on-chain — the Web3 wallet, DEX aggregator and Ethereum L2 X Layer sit inside the same account as CEX pairs.
Long-horizon EU holders who want the oldest continuously-operating exchange (2011) with conservative listings and full MiCA licensing.
Derivatives-first traders who want tighter perp funding and a maker-friendly fee schedule; accept offshore regulatory footprint.
Top coins in the same category, ordered by market cap.
Axie Infinity is a blockchain game built around collectible NFT creatures called Axies. Players collect them, breed them, and pit them against each other in turn-based battles. The studio behind it is Sky Mavis, a Vietnam-based company founded in 2018 by Trung Nguyen, Aleksander Larsen, and a small founding team. The game launched on Ethereum but moved most of its activity onto Ronin, the EVM-compatible sidechain Sky Mavis built specifically for it, in 2021.
For a longer-horizon view on where the token might go, see the Axie Infinity price forecast. For a comparison against another major gaming token that gets brought up in the same conversations, see Gala Games.
AXS price comes from supply and demand on spot exchanges. The most active pairs are AXS/USDT, AXS/USD, and AXS/BTC. Live data on this page pulls from a multi-venue market feed and refreshes every 60 seconds. The reference quote is volume-weighted across the venues with the deepest order books. The all-time high near $165 came in November 2021, at the absolute peak of the play-to-earn boom.
What tends to move AXS on any given day:
The numbers in the price card above are live. The analysis below uses the levels at page load.
Axie Infinity uses two tokens, and the difference matters more than most coverage admits. AXS is the governance and staking token. SLP, short for Smooth Love Potion, is the in-game utility token earned through gameplay and used for breeding. The economic models are deliberately separated, and the failures and recoveries of each one tell you most of what you need to know about where the game has been.
The honest read on the dual-token design is that it works much better in the second iteration than it did in the first. The original SLP-rewards-first model collapsed under its own emissions. The current model treats SLP as a true utility token tied to breeding rather than a yield-farming wrapper, and AXS as a long-term governance asset. That separation is what made the post-2022 rebuild possible.
Ronin started as a single-purpose sidechain in 2021. Ethereum gas fees made it impossible to play Axie Infinity at scale, so Sky Mavis built its own EVM-compatible chain to handle game transactions cheaply. For most of 2021 and 2022, Ronin was effectively the Axie chain. After the bridge hack and the broader P2E reset, Sky Mavis opened Ronin to outside developers, and the result is a more interesting story than Axie alone.
How decentralized Ronin is in practice is the open question. The validator set is curated rather than fully permissionless. For a gaming chain that needs predictable performance, the trade-off is defensible. It is still worth knowing before you treat Ronin as a neutral public good.
In March 2022, the Ronin bridge was exploited for roughly $625 million, making it one of the largest crypto hacks ever recorded. The attackers, later attributed by the US Treasury and the FBI to North Korea’s Lazarus Group, compromised five of the nine validator keys controlling the bridge. With a five-of-nine multisig, that was enough to forge withdrawals. The exploit went undetected for almost a week before a user noticed they could not pull funds out.
Sky Mavis fully reimbursed affected users. The reimbursement was funded through a $150 million round led by Binance, with Animoca Brands, a16z, Paradigm, and others contributing. The bridge stayed offline for several months while the architecture was rebuilt, the validator set was expanded, and the security model was changed to remove the single point of failure that the attackers exploited.
For investors deciding what to do with the information today, two things matter. Users were made whole, which is rare in a hack of this size and matters for trust. The bigger lesson is about cross-chain bridge security in general. Bridges are still the most attractive target in crypto, and any project running one should be assumed to be operating in a high-risk part of the stack until proven otherwise. Ronin’s bridge has run without incident since the rebuild, but the history is part of the asset’s record now.
The 2021 Axie boom is one of those moments crypto people argue about. Players in the Philippines, Venezuela, and other emerging markets earned monthly income from playing. Whole guilds organized around Axie scholarships. It was, briefly, real. It was also unsustainable. The economic loop relied on a constant stream of new players buying in to fund SLP rewards for existing players, and when growth slowed, the SLP price collapsed and the income disappeared.
Sky Mavis pivoted hard. The original Axie Infinity (now sometimes called Axie Classic) was deprioritized in favor of Axie Origins, a free-to-play card-battle game launched in 2022 that uses the same Axie NFTs but ditches the SLP-grinding loop. Origins made the game playable without buying expensive Axies up front, which is how every successful free-to-play title has worked for the last 15 years. The "play and earn" framing replaced "play to earn." The point now is that gameplay comes first and earning is a secondary feature for engaged players, not the entire premise.
The honest read: this is a healthier model, but it also means Axie does not throw off the kind of monthly income headlines it did in 2021. That story is over, and the team has been clear it is not coming back. What remains is a free-to-play game with NFT inventory, a sizable existing player base, and a token that has to compete on game quality rather than yield mechanics.
AXS is widely listed and easy to acquire. The decision worth thinking through is whether you want AXS as a market position, or whether you want to actually use it inside the ecosystem to stake, vote, or play games on Ronin.
AXS carries a risk profile shaped by where it has been. P2E-cycle dependency, the Ronin bridge’s security history, gaming-token volatility, and AXS unlock pressure are the lines that matter. Each one is its own thing rather than a generic warning.
This page is information, not financial advice. Talk to someone licensed before allocating real capital.
Analysis last updated:
Axie Infinity (AXS) trades at $0.894114 with a 24-hour volume of $12.11M and a market capitalization of $155.72M. The asset is currently ranked #190 among all tracked cryptocurrencies.
In the last 24 hours, the AXS price has fallen +1.61%. On a seven-day window, Axie Infinity has retraced +5.23%, under sustained selling pressure on both windows. Short-term moves are often amplified by liquidity, news flow, and derivatives positioning, so confirm signals across multiple indicators before acting.
Axie Infinity's all-time high of $164.90 was set on November 6, 2021. The current price sits +99.46% below that peak. Distance from the all-time high is a common reference point when evaluating long recoveries and macro support or resistance.
Buying Axie Infinity (AXS) is a five-step routine once you have picked the right venue and pair. The steps below mirror what most investors do today.
You can also use the Axie Infinity converter above to estimate how much AXS you would get for a given dollar amount before placing the order.
Whether Axie Infinity is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, AXS carries real market risk: prices can rise or fall sharply in a day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
