Axie Infinity

Today's state: Axie Infinity is trading at $1.06 with a $0.2 billion market capitalization (rank #182). The price moved +0.86% over the past 24 hours and is +6.02% over 7 days; the 30-day move stands at +3.48% and the 90-day at -3.98%.

Position vs cycle: Sitting more than 70% under its prior cycle high, the asset is deep in post-peak drawdown territory — a zone associated with late-stage bear phases or a permanent downward re-rating.

Volatility and structure: 30-day realized volatility of 97.5% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Bearish (38/100), against a weakening multi-horizon backdrop with cumulative pressure across 30/90-day windows.

To place AXS in the wider market, its 90-day return correlations against the two other largest layer-1s show whether it trades as crypto-market beta or on its own drivers. The Pearson figures across daily log returns:

• Bitcoin reference: +0.37 — a weak positive relationship.
• Ethereum reference: +0.41 — a moderate positive relationship.
• Solana reference: +0.49 — a moderate positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Axie Infinity (AXS) is a cryptocurrency, traded on global digital-asset markets. It trades at $1.06 as of the latest update, with a 24-hour move up 0.86%, placing it at rank #180 by market capitalisation among all listed digital assets. Axie Infinity's current market cap stands at $184.50M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Axie Infinity across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Axie Infinity is a gaming or metaverse token: its value is tied to a game, virtual world, or gaming ecosystem where the token is used for in-game assets, rewards, governance, or access.

Axie Infinity (AXS) is a mid-cap asset in the broad top 250, ranked #182 among all tracked tokens by capitalisation. Its focus is play-to-earn gaming, and launched in 2020. About 64% of the maximum AXS supply is in circulation today (173.89M of 270.00M), leaving a moderate emission stream still to come. It currently trades about 99% below its all-time high of $164.88 set in November 2021.

Axie Infinity ties token utility to a game or virtual world: it may be the in-game currency, the governance asset over the ecosystem, or the settlement layer for player-owned items (often NFTs). The token tends to track player engagement and content releases far more than broad-market technicals — a successful update or partnership can re-rate it independently of crypto-wide moves.

Axie Infinity (AXS) is a mid-cap asset in the broad top 250, ranked #182 among all tracked tokens by capitalisation. Its focus is play-to-earn gaming, and launched in 2020. About 64% of the maximum AXS supply is in circulation today (173.89M of 270.00M), leaving a moderate emission stream still to come. It currently trades about 99% below its all-time high of $164.88 set in November 2021. Its fully-diluted valuation of $286.47M is about 1.6× the circulating market cap of $184.50M, a gap that signals issuance overhang to factor into any longer-term thesis.

Axie Infinity is used inside its ecosystem — buying and trading in-game items, earning play-to-earn rewards, governance over the game economy, and (in metaverse projects) acquiring virtual land or assets. The core question for holders is whether the underlying game retains an engaged, paying player base.

Daily turnover is unusually high at roughly 11% of market cap ($20.78M traded in 24 hours), the kind of liquidity that reflects an active news or trading cycle.

To read Axie Infinity's tokenomics, look at the issuance schedule, the share of supply already in circulation, and the gap between market cap and fully-diluted valuation. Approximately 64.4% of maximum supply is currently circulating, meaning roughly 35.6% of total potential supply remains to be issued. This implies a structural emission stream against current demand for the asset. The fully diluted valuation (FDV) of $0.3 billion stands at 1.6× the current circulating market cap of $0.2 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

Whether the tokenomics help or hurt comes down to value accrual versus dilution — fee burns, reinvested staking yield and TVL growth on one side, scheduled emissions on the other. A favourable balance lets price grind higher without hype; an unfavourable one means the asset must keep attracting demand just to absorb issuance.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

For Axie Infinity specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, AXS tends to follow; when they contract, the relationship typically reverses. With a comparatively loose 90-day BTC correlation of +0.37, AXS has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Gaming-token risks: reliance on a single game or studio keeping players engaged, the boom-bust history of play-to-earn economies (token-emission-driven rewards that collapse when new-user growth stalls), NFT-liquidity dependence, and execution risk on long game-development timelines. Crypto-market and regulatory risks apply on top.