Axie Infinity Shards (AXS) is the native token of the Axie Infinity blockchain gaming ecosystem, used for governance, staking, and in-game rewards.
After its peak above ~$160 in 2021, AXS now trades around $1.30–$1.40 USD, reflecting a deep drawdown of over 99 % as broader crypto risk-off sentiment weighs on gaming tokens.
Recent on-chain activity shows renewed participation and accumulation by large holders, providing some bullish momentum indicators.
A tokenomics overhaul and the launch of the bAXS reward layer aim to boost utility and lock value inside the ecosystem.
However, AXS remains sensitive to overall crypto market trends; a break below key support near ~$1.30 could signal further downside, while reclaiming resistance levels may attract buyers.
Long-term prospects hinge on adoption of Axie Infinity’s gaming economy and whether user engagement can return to earlier highs.
AXS
1.387
+6.93%