$AXS is the governance and utility token of Axie Infinity, a blockchain-based play-to-earn gaming ecosystem.
Built primarily on Ethereum and the Ronin sidechain to enable low-fee gaming transactions.
Main uses
Governance: AXS holders can vote on ecosystem decisions (game updates, treasury use).
Staking: Stake AXS to earn rewards and participate in securing the network.
In-game utility: Used for purchases, breeding mechanics (alongside SLP), and ecosystem incentives.
Ecosystem growth: Rewards players, creators, and contributors.
Token basics
Ticker: $AXS
Category: Gaming / Metaverse
Supply model: Capped max supply with emissions for rewards and incentives.
Market snapshot (from your chart)
Pair: AXS/USDT
Price shown:$AXS
Strong short-term move: ~+51% on the day
Noted as a “Gainer” in the Gaming category
Volatility is high, with a wide 24h range—typical during momentum bursts
What the chart suggests (technical view)
Price is hovering around a key moving average, indicating a potential decision zone.
Increased volume during the rise suggests active participation, but sharp pullbacks show short-term volatility.
Such moves often see continuation or consolidation—risk management is important.
Big picture
AXS represents ownership and participation in one of the earliest and most well-known Web3 games. Its value is closely tied to:
Axie Infinity player activity