Axie Infinity AXS
About
What Is Axie Infinity (AXS)?
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.
To learn more about this project, check out our deep dive of Axie Infinity.
Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.
These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.
Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.
The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.
Who Are the Founders of Axie Infinity?
Axie Infinity was created in 2018 by Sky Mavis — a technology-focused game developer with a team primarily based in Vietnam. It was co-founded by Trung Nguyen and Aleksander Larsen.
Trung Nguyen is the current CEO of the platform. Nguyen graduated with a BS in computer software engineering, and worked as a software engineer at Anduin Transactions prior to founding Axie Infinity.
Former competitive gamer Aleksander Larsen is also credited as a co-founder and COO of the platform. Larsen has been working in blockchain gaming since 2017. He previously worked as the executive security officer for the Norwegian Government Security Organization and still sits as Secretary of the Board of Directors at the Blockchain Game Alliance.
In total, the Axie Infinity team consists of 25 full-time employees — many of whom have experience with game development.
What Makes Axie Infinity Unique?
Each Axie possesses six out of the hundreds of different potential body parts — each of which has its own battle move. This produces essentially endless variety among Axies, with most Axies having relatively weak statistics, while those with the strongest combination of body parts can have incredible stats.
Unlike some other blockchain-based battling and breeding games, each Axie can only be bred a total of seven times to help control the population of Axies.
Axie Infinity has its own mating hub to help players find a suitable match to breed their Axie with to stand the best chance at producing a rare or powerful offspring. It costs 0.005 ETH in addition to Small Love Potion (SLP) tokens to breed Axies.
AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike some other stakeable assets, AXS holders will also need to vote and play to claim their rewards.
How Does Axie Infinity Work?
The gameplay of Axie Infinity is focused on fighting & breeding Axies. It consists of the following steps: buying Axies, participating in battles with other players, breeding Axies, and selling them on the marketplace.
Players need to have an Axie to join the battle and select Adventure Mode (PvE) or Arena Mode (PvP). Axies can be bred, but each Axie cannot be bred more than 7 times. Lunacia is the homeland of digital creatures. It is divided into tokenized parts where players can search for resources and upgrade their plots. On the marketplace, players can trade their Axies and land plots.
A key feature of Axie Infinity is community engagement, where each member contributes, participates in governance, and generates content. The developers have also introduced a number of mechanics that distinguish Axie Infinity from its analogs. For instance, built-in population control. Furthermore, a wide range of Axies due to various combinations of attributes builds additional demand among gamers and collectors of rare NFTs.
To solve the scalability problem, Axie Infinity created its sidechain on Ethereum called Ronin Network. It ensures instant transactions not involving the Ethereum blockchain. Users can safely store AXS and collectible NFTs in Ethereum and Ronin wallets, and send tokens from Ethereum wallet to Ronin wallet via Ronin Bridge.
How Many Axie Infinity (AXS) Coins Are There in Circulation?
he native ecosystem token, Axie Infinity Shard (AXS), was launched in November 2020. AXS is the central mechanism for running the Axie Infinity game. Players can buy, trade and earn tokens simply by playing it. In addition, the best players of the season receive rewards in AXS. Moreover, AXS serves as a governance token that allows holders to vote on gameplay changes and influence the evolution of the platform.
Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Out of this, around 53.5 million tokens were in circulation as of mid-November 2020.
In total, 11% of the total supply was allocated to participants in the Binance Launchpad IEO sale (each Axie Infinity token price was $0.10) and 4% was sold in a private sale. In addition to this, 29% is allocated for staking rewards, 20% to the play-to-earn pool, 21% to the team, 7% to advisors and 8% to the ecosystem fund.
Based on the current release schedule, as indicated by Binance Research, 100% of AXS tokens will be circulating by early 2026.
How Is the Axie Infinity Network Secured?
The Axie Infinity (AXS) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism.
In early 2021, Axie Infinity plans to migrate its NFT tokens, including Axies, Land and other in-game item tokens from the Loom Network to a custom-built sidechain on Ethereum known as Ronin.
Ronin is an application-specific sidechain built just for Axie Infinity. It is being developed by Sky Mavis — the development firm behind the Axie Infinity game, and is designed to support almost instant transaction confirmations, reduced gas fees and be capable of helping Axie Infinity scale.
Where Can You Buy Axie Infinity (AXS)?
As of October 2021, Axie Infinity (AXS) is available to trade on numerous exchange platforms, including top exchanges like: Binance, Huobi Global, Coinbase, Bithumb, KuCoin, Gate.io and Kraken.
The link between Axie Infinity Smooth Love Potion has lead to numerous trading pairs being offered, including SLP to ETH and SLP to BNB. However there is substantial interest in the Philippines for the SLP to PHP price, in Australia for the SLP to AUD and Europe for the SLP to EUR prices.
It is listed with numerous Axie Infinity price pairs, including popular ones like: AXS/USDT, AXS/BTC, AXS/BUSD and AXS/BNB. As the game has risen in popularity, interest in the AXS to PHP, AXS to AUD and AXS to EUR.
AI Analysis
What is the Axie Infinity (AXS) cryptocurrency good for? What are its main use cases?
Axie Infinity (AXS) is the native cryptocurrency of the Axie Infinity blockchain-based game, which is one of the most popular play-to-earn (P2E) games in the crypto space. Here are its main use cases:
1. Governance Token
- AXS holders can participate in decentralized governance by voting on key decisions related to the game’s development, treasury management, and future updates.
- This makes AXS a utility token for shaping the ecosystem.
2. Staking & Rewards
- Players and investors can stake AXS to earn rewards, either through single-staking or dual-staking (combining AXS with another token like SLP).
- Staking helps secure the network and provides passive income.
3. In-Game Economy & Purchases
- AXS is used for in-game transactions, such as:
- Buying Axies (NFT-based creatures used in battles).
- Purchasing land plots (virtual real estate in Lunacia).
- Trading on the Axie Infinity Marketplace.
- Players can also earn AXS by participating in battles, tournaments, and quests.
4. Play-to-Earn (P2E) Mechanism
- Players can earn Smooth Love Potion (SLP), which can be converted to AXS or used to breed new Axies.
- AXS serves as a reward token for high-performing players in competitive modes.
5. NFT & Land Ownership
- AXS can be used to buy, sell, or trade NFTs (Axies, land, items).
- Landowners can monetize their plots by charging fees for access or hosting events.
6. Cross-Chain & Future Expansion
- Originally on Ethereum, Axie Infinity later migrated to Ronin (a sidechain by Sky Mavis) for lower fees.
- AXS is also used in other blockchain games within the Axie ecosystem.
7. Investment & Speculation
- Like other cryptocurrencies, AXS is traded on exchanges (Binance, Coinbase, etc.) and can be held as an investment.
- Its value is influenced by game adoption, partnerships, and market trends.
Conclusion
AXS is more than just a game token—it’s a governance, utility, and reward token that powers the Axie Infinity economy. Its success depends on the game’s player base, NFT demand, and blockchain adoption.
Would you like insights on how to earn AXS or its price trends?
What blockchain does Axie Infinity use? Is it its own blockchain or built on top of another?
Axie Infinity primarily operates on the Ethereum blockchain, but it also utilizes Ronin, a sidechain specifically designed for the game to reduce transaction costs and improve scalability.
Key Details:
Ethereum (Mainnet):
- Initially, Axie Infinity used Ethereum for its NFT marketplace and some in-game transactions.
- High gas fees and slow transaction speeds led to the creation of Ronin.
Ronin (Sidechain):
- A custom Ethereum-compatible sidechain built by Sky Mavis (the developer of Axie Infinity).
- Uses Proof-of-Authority (PoA) consensus for faster and cheaper transactions.
- Supports ERC-20 and ERC-721 tokens (like AXS and SLP).
- Bridges to Ethereum for cross-chain asset transfers.
Transition & Future Plans:
- After the Ronin Bridge hack (March 2022), Sky Mavis has been working on improving security and decentralization.
- There are discussions about further integrating with Ethereum Layer 2 solutions (e.g., Arbitrum) for better scalability.
Summary:
Axie Infinity is built on Ronin (a sidechain) but remains connected to Ethereum for interoperability. Ronin was created to address Ethereum’s limitations for gaming.
Would you like details on how Ronin works or its security measures?
Is Axie Infinity programmable? Does it support smart contracts or decentralized applications?
Yes, Axie Infinity is built on the Ethereum blockchain (though it primarily operates on Ronin, a sidechain optimized for the game), and it does support smart contracts and decentralized applications (dApps) to some extent. Here’s a breakdown:
1. Smart Contracts in Axie Infinity
- Axie Infinity uses smart contracts for core gameplay mechanics, such as:
- NFT minting (Axies, Land, Items)
- Breeding mechanics (Axie genetics and traits)
- Marketplace transactions (buying, selling, trading)
- Staking & Governance (via Axie Infinity Shards - AXS)
2. Decentralized Applications (dApps) & Programmability
- Ronin (Axie’s Sidechain) is compatible with EVM (Ethereum Virtual Machine), meaning developers can build custom dApps on top of it.
- Axie Infinity’s ecosystem has seen third-party dApps, such as:
- Axie Infinity Marketplace (decentralized NFT trading)
- Axie Infinity Governance (AXS staking & voting)
- Third-party tools (e.g., Axie breeding calculators, analytics platforms)
- Developers can interact with Axie’s smart contracts via Ethereum-compatible tools (e.g., Web3.js, Ethers.js).
3. Limitations
- Ronin is not as open as Ethereum—it’s primarily optimized for Axie Infinity, so general-purpose dApp development is more limited.
- Axie’s core game logic is mostly controlled by Sky Mavis (the developers), meaning full decentralization is still evolving.
Conclusion
Axie Infinity does support smart contracts and can interact with dApps, but its ecosystem is more focused on gaming rather than general-purpose decentralized applications. If you're looking for a fully programmable blockchain, Ethereum or other EVM chains (like Polygon or Arbitrum) might be better suited. However, Ronin allows for some custom development, especially for Axie-related tools.
Would you like help finding resources for building on Ronin or interacting with Axie’s smart contracts?
How fast are Axie Infinity transactions? What is the typical confirmation time and throughput (transactions per second)?
Axie Infinity transactions are processed on the Ronin blockchain, a sidechain of Ethereum designed to support the game's high transaction volume. Here’s a breakdown of its performance:
Transaction Speed & Confirmation Time
- Typical Confirmation Time: ~2–5 seconds (much faster than Ethereum’s L1).
- Block Time: ~1 second (Ronin produces a new block every second).
Throughput (Transactions Per Second - TPS)
- Peak TPS: ~100–200 TPS (varies based on network load).
- Average TPS: ~50–100 TPS (during normal gameplay activity).
Comparison to Ethereum
- Ethereum L1: ~15–30 TPS (with high gas fees).
- Ronin: Optimized for Axie Infinity, offering faster and cheaper transactions.
Factors Affecting Speed
- Network Congestion: During high activity (e.g., land sales, major events), confirmation times may increase slightly.
- Gas Fees: Ronin has low fees (often <$0.01 per transaction), making microtransactions feasible.
Conclusion
Ronin is significantly faster than Ethereum L1, making it ideal for Axie Infinity’s gameplay, breeding, and marketplace transactions. If you're playing Axie Infinity, transactions should feel near-instantaneous compared to Ethereum’s mainnet.
Would you like details on how Ronin achieves this speed?
How much data can I store on the Axie Infinity blockchain? Does it support on-chain data storage?
The Axie Infinity blockchain primarily runs on Ronin, a sidechain of Ethereum designed for the Axie Infinity ecosystem. Ronin is optimized for gaming and NFT transactions, but it does not natively support large-scale on-chain data storage like traditional databases.
Data Storage on Ronin (Axie Infinity Blockchain)
On-Chain Storage Limitations
- Ronin, like Ethereum, has limited on-chain storage capacity.
- Storing large amounts of data directly on-chain is expensive and inefficient due to gas fees and blockchain bloat.
- Most data in Axie Infinity (e.g., player stats, game state) is stored off-chain (in centralized databases) and only critical data (like NFT ownership and transactions) is recorded on-chain.
Smart Contract Storage
- Ronin supports smart contract storage, but this is limited to small amounts of data (e.g., game rules, token balances).
- Example: Axie NFT metadata (like breed count, stats) is stored off-chain (IPFS or centralized servers), while ownership is tracked on-chain.
IPFS & Off-Chain Solutions
- Axie Infinity uses IPFS (InterPlanetary File System) for storing large files (e.g., Axie images, game assets).
- Critical metadata (like NFT traits) is hashed on-chain, but the actual data is stored off-chain.
Alternatives for On-Chain Data Storage
If you need large-scale on-chain storage, consider:
- Arweave (permanent storage with one-time fee)
- Filecoin (decentralized storage)
- Ethereum L2s (Optimism, Arbitrum) with storage solutions like Tableland or EIP-4844 (Proto-Danksharding)
Conclusion
- Ronin (Axie Infinity blockchain) does not support large on-chain data storage.
- Most game data is stored off-chain (IPFS, centralized databases).
- Only critical data (NFT ownership, transactions) is recorded on-chain.
If you're building a game or app on Ronin, you'll likely need a hybrid approach (on-chain for ownership, off-chain for game state).
Would you like recommendations for decentralized storage solutions?
Contact Us About Axie Infinity
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