AXS Crypto and Axie Infinity Project Overview

Axie Infinity is a blockchain game that combines NFTs, combat training, and an economic system, allowing players to own game assets and earn profits by participating in the game economy. Its core concept is “Play-and-Own,” where users enter the game ecosystem by purchasing Axie NFTs to engage in battles, breeding, and trading.

AXS Crypto (Axie Infinity Shards) is the governance token of the ecosystem, responsible for rewards, governance, staking, and certain ecosystem expenditures, serving as an important link between players and the game development team.

Token allocation, usage, and deflationary mechanism

The total supply of AXS is 270 million, maintained through the following mechanisms to sustain ecological balance:

• Staking Incentives: Holders can stake AXS through the Ronin chain to earn annualized returns and participate in governance voting.
• Game rewards: A portion of AXS will be distributed as PvP ranking rewards to active players.
• Governance mechanism: AXS is used for proposal voting, including economic adjustments, asset destruction, and more.
• Burning mechanism: Token burning is achieved through in-game transaction fees and certain mechanism designs to suppress long-term inflation.

Sky Mavis promises to gradually release the uncirculated tokens in multiple phases and adjust the distribution model with a community governance orientation.

Ronin chain and Axie’s ecosystem expansion

AXS is closely connected to its host blockchain Ronin. Ronin is a sidechain developed by Sky Mavis that optimizes transaction costs and speed, suitable for NFT and game interactions. Currently, Ronin is attracting more GameFi projects to enhance its ecological competitiveness.

In addition, Sky Mavis plans to launch more expansion content for Axie IP, such as derivative mini-games, virtual land, user-customized maps, etc., which will provide more use cases for AXS.

Market sentiment and price changes

Figure:https://www.gate.com/trade/AXS_USDT

In the overall sluggish GameFi market, AXS also dropped 90% from its peak. However, in 2025, with the return of users and the rising attention to blockchain games, AXS gradually formed a rebound from a low position. On June 5, 2025, the price of AXS was approximately $2.30.

On-chain data also shows that the staking ratio of AXS is increasing and the activity of NFT transactions is rising, indicating that market confidence is gradually recovering.

The future trends of the GameFi sector

Although the Play-to-Earn model has proven to be unsustainable, the “Play-and-Own” model has become a new direction. The Axie team’s idea is to allow users to truly own assets and earn rewards through fair competition, creation, and community governance.

In the future, as Web3 games merge with traditional games, AXS Crypto may become one of the benchmark tokens for asset circulation in blockchain games. Its price performance will be highly dependent on the expansion of the Ronin chain ecosystem and the frequency of game updates.