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Top dApps ETH Games Axie Infinity
#55 In General #12 In Games #18 In ETH

Axie Infinity (AXS) ETH Protocol dApp Games

Axie Infinity (AXS) ETH Protocol
dApp Games

Open dApp
Inspired by Pokemons, Axie Infinity created a digital pet universe where you can play different fun games using characters called Axies that remind Pokemons. It’s based on the Ethereum blockchain and is all about playing games while also earning crypto.

Axie Infinity Social Profiles:

Axie Infinity Social Profiles:

Axie Infinity (AXS) dApp Analysis

Get the most important Axie Infinity dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!

Axie Infinity Smart Contract Statistics

Axie Infinity dApp Technical Analysis

Axie Infinity dApp is a crypto asset from the Games category built on the Ethereum protocol. Now it’s ranked as #55 in general dApp rankings according to the user count, and #12 in the Games category, which gives you a good idea of how Axie Infinity dApp performs among its competitors.

By analyzing Axie Infinity dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $40,907, and the Volume is bearish with $0. Axie Infinity has generated 8.81K Transactions with a 31.07% drop in the 30-day period. Clearly, the Volume has been plummeting by 100% in comparison to the previous 7-day period. The data of the last 7 days show that the Axie Infinity user base is 4.59K & has been increasing by 38.28%.

We also recommend taking a look at the Axie Infinity Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.

multi-signature technique<\/strong><\/a>, which includes nine validators who validate deposits and withdrawals. Five of the nine validator signatures are necessary in order to recognize a deposit or withdrawal.<\/p>\r\n<p>The legendary Tamagochi and Pok&eacute;mon were the major inspirations for the Axie Infinity crypto game. The main goal of the game is <strong>collecting, breeding, and raising Axies<\/strong>, which are animated fantasy creatures stored in the form of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/" target=\"_blank\" rel=\"noopener\"><strong>non-fungible tokens (NFT)<\/strong><\/a>.<\/p>\r\n<p>Players can equip their Axies with a vast variety of body parts. These parts are made to resemble reptiles, bugs, birds, plants, or any other nature creatures. There are four types of rarity levels for every kind of body part &ndash; <strong>common, rare, super rare, and legendary.<\/strong> Additionally, every body part has a unique battle move.<\/p>\r\n<p>Since Axies are NFTs, they each have unique qualities, meaning that <strong>there will never be two Axies that are the same.<\/strong> The uniqueness of each character may influence the AXS price.&nbsp;The abilities of the Axies can be employed in 3v3 combat. By winning in combat, players receive XP points, which can be used to evolve their Axies.<\/p>\r\n<p>Besides, players can create completely unique and new Axies by breeding the ones they already have. To help players discover a compatible partner to breed their Axie with, Axie Infinity offers <strong>a mating hub. <\/strong>However, to keep the number of Axies under control, each Axie can only be bred a total of seven times.<\/p>\r\n<p>Also, note that to breed Axies, players must have a certain amount of <strong>Smooth Love Potion (SLP) tokens.<\/strong> It's another currency created in the game, which is used specifically for Axie breeding. The SLP price does not directly correlate to the AXS price.<\/p>\r\n<p><strong>What are the requirements for joining the game? <\/strong>For starters, you need to have some Ethereum coins stored in a digital crypto wallet, for example, <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//metamask-wallet-review/">MetaMask. Then, you have to download the Ronin wallet and make a deposit of Ethereum coins from your wallet to the Ronin wallet using the Ronin bridge. To begin playing, you must purchase a minimum of three Axies. Once you have them, you can download the game and start playing.<\/p>\r\n<h2>The Story of Axie Infinity<\/h2>\r\n<p>Axie Infinity was released in 2018 by the <strong>Sky Mavis<\/strong> video game studio, which <strong>Trung Nguyen and Aleksander Larsen<\/strong> founded in Vietnam.<\/p>\r\n<p>Aleksander Larsen is a passionate gamer himself. Prior to founding the Axie Infinity crypto game, Larsen worked at the Norwegian Government Security Organization. He has been in the crypto gaming industry since 2017. Besides, he is a Secretary of the Board of Directors at the Blockchain Game Alliance.<\/p>\r\n<p>Trung Nguyen has a degree in computer software engineering. In the past, he worked at Anduin Transactions as a software engineer. Besides that, he also worked at Trusting Social and co-founded Lozi.<\/p>\r\n<p>They are joined by <strong>Andy Ho<\/strong>, the CTO in charge of the organization's technical strategy, and <strong>Tu Doan<\/strong>, a game designer who oversees the art team and who created the original Axies.<\/p>\r\n<h2>The Purpose of AXS Tokens<\/h2>\r\n<p>AXS is a token based on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 token standard. The main purpose of Axie Infinity tokens is <strong>governance.<\/strong><\/p>\r\n<p>AXS token holders are able to participate in the decision-making processes considering the further development of the game and the distribution of the Axie Community Treasury funds.<\/p>\r\n<p>Additionally, <strong>AXS coins can be staked to generate staking rewards.<\/strong> However, staking is not enough &ndash; players also have to participate in the governance process and play the game in order to receive these rewards.<\/p>\r\n<p>Apart from purchasing AXS coins on various exchanges, they can also be acquired in other ways, including:<\/p>\r\n<ul>\r\n<li>Breeding and selling Axies<\/li>\r\n<li>Competing in PvP battles<\/li>\r\n<li>Acquiring rare Axies<\/li>\r\n<li>Farming Smooth Love Potion tokens<\/li>\r\n<li>Going on in-game quests<\/li>\r\n<\/ul>\r\n<p>If you decide to purchase AXS tokens, keep in mind that the Axie Infinity price is prone to change. This occurs because the AXS price fluctuates alongside other crypto assets as a result of changes in the whole market.<\/p>\r\n<h2>Tokenomics of AXS<\/h2>\r\n<p><strong>AXS tokens are deflationary<\/strong>, meaning that they have a max supply, which is set at 270 million tokens. As the supply of the available tokens decreases, the Axie Infinity price in the crypto market is expected to rise.<\/p>\r\n<p>AXS tokens were initially issued through a sale on <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>, which took place in 2020. During the sale, 11% of AXS's supply was distributed. At that time, the AXS price was $0.10. The biggest portion of AXS supply (29%) is dedicated to staking rewards. Besides that, 21% goes to Sky Mavis and 20% to P2E rewards. The remaining supply was distributed among advisors, a private sale, and the ecosystem fund.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/axie-infinity-axs-price"},"defi_dapp_stats":[],"defi_dapp":null,"nft_collection":null}">
multi-signature technique<\/strong><\/a>, which includes nine validators who validate deposits and withdrawals. Five of the nine validator signatures are necessary in order to recognize a deposit or withdrawal.<\/p>\r\n<p>The legendary Tamagochi and Pok&eacute;mon were the major inspirations for the Axie Infinity crypto game. The main goal of the game is <strong>collecting, breeding, and raising Axies<\/strong>, which are animated fantasy creatures stored in the form of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/" target=\"_blank\" rel=\"noopener\"><strong>non-fungible tokens (NFT)<\/strong><\/a>.<\/p>\r\n<p>Players can equip their Axies with a vast variety of body parts. These parts are made to resemble reptiles, bugs, birds, plants, or any other nature creatures. There are four types of rarity levels for every kind of body part &ndash; <strong>common, rare, super rare, and legendary.<\/strong> Additionally, every body part has a unique battle move.<\/p>\r\n<p>Since Axies are NFTs, they each have unique qualities, meaning that <strong>there will never be two Axies that are the same.<\/strong> The uniqueness of each character may influence the AXS price.&nbsp;The abilities of the Axies can be employed in 3v3 combat. By winning in combat, players receive XP points, which can be used to evolve their Axies.<\/p>\r\n<p>Besides, players can create completely unique and new Axies by breeding the ones they already have. To help players discover a compatible partner to breed their Axie with, Axie Infinity offers <strong>a mating hub. <\/strong>However, to keep the number of Axies under control, each Axie can only be bred a total of seven times.<\/p>\r\n<p>Also, note that to breed Axies, players must have a certain amount of <strong>Smooth Love Potion (SLP) tokens.<\/strong> It's another currency created in the game, which is used specifically for Axie breeding. The SLP price does not directly correlate to the AXS price.<\/p>\r\n<p><strong>What are the requirements for joining the game? <\/strong>For starters, you need to have some Ethereum coins stored in a digital crypto wallet, for example, <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//metamask-wallet-review/">MetaMask. Then, you have to download the Ronin wallet and make a deposit of Ethereum coins from your wallet to the Ronin wallet using the Ronin bridge. To begin playing, you must purchase a minimum of three Axies. Once you have them, you can download the game and start playing.<\/p>\r\n<h2>The Story of Axie Infinity<\/h2>\r\n<p>Axie Infinity was released in 2018 by the <strong>Sky Mavis<\/strong> video game studio, which <strong>Trung Nguyen and Aleksander Larsen<\/strong> founded in Vietnam.<\/p>\r\n<p>Aleksander Larsen is a passionate gamer himself. Prior to founding the Axie Infinity crypto game, Larsen worked at the Norwegian Government Security Organization. He has been in the crypto gaming industry since 2017. Besides, he is a Secretary of the Board of Directors at the Blockchain Game Alliance.<\/p>\r\n<p>Trung Nguyen has a degree in computer software engineering. In the past, he worked at Anduin Transactions as a software engineer. Besides that, he also worked at Trusting Social and co-founded Lozi.<\/p>\r\n<p>They are joined by <strong>Andy Ho<\/strong>, the CTO in charge of the organization's technical strategy, and <strong>Tu Doan<\/strong>, a game designer who oversees the art team and who created the original Axies.<\/p>\r\n<h2>The Purpose of AXS Tokens<\/h2>\r\n<p>AXS is a token based on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-erc-20/">ERC-20 token standard. The main purpose of Axie Infinity tokens is <strong>governance.<\/strong><\/p>\r\n<p>AXS token holders are able to participate in the decision-making processes considering the further development of the game and the distribution of the Axie Community Treasury funds.<\/p>\r\n<p>Additionally, <strong>AXS coins can be staked to generate staking rewards.<\/strong> However, staking is not enough &ndash; players also have to participate in the governance process and play the game in order to receive these rewards.<\/p>\r\n<p>Apart from purchasing AXS coins on various exchanges, they can also be acquired in other ways, including:<\/p>\r\n<ul>\r\n<li>Breeding and selling Axies<\/li>\r\n<li>Competing in PvP battles<\/li>\r\n<li>Acquiring rare Axies<\/li>\r\n<li>Farming Smooth Love Potion tokens<\/li>\r\n<li>Going on in-game quests<\/li>\r\n<\/ul>\r\n<p>If you decide to purchase AXS tokens, keep in mind that the Axie Infinity price is prone to change. This occurs because the AXS price fluctuates alongside other crypto assets as a result of changes in the whole market.<\/p>\r\n<h2>Tokenomics of AXS<\/h2>\r\n<p><strong>AXS tokens are deflationary<\/strong>, meaning that they have a max supply, which is set at 270 million tokens. As the supply of the available tokens decreases, the Axie Infinity price in the crypto market is expected to rise.<\/p>\r\n<p>AXS tokens were initially issued through a sale on <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>, which took place in 2020. During the sale, 11% of AXS's supply was distributed. At that time, the AXS price was $0.10. The biggest portion of AXS supply (29%) is dedicated to staking rewards. Besides that, 21% goes to Sky Mavis and 20% to P2E rewards. The remaining supply was distributed among advisors, a private sale, and the ecosystem fund.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/axie-infinity-axs-price"},"defi_dapp_stats":[],"defi_dapp":null,"nft_collection":null}">

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FAQ

What sort of information can I get about Axie Infinity with the BDG Crypto Portfolio Tracker tool?

The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to Axie Infinity, or any other dApp out there. These metrics include unique user counts, dApp volume, balance, transaction counts, DeFi statistics, smart contracts, and much more. Doing so, you’ll learn that Ethereum-powered Axie Infinity is ranked as the #55 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.

How should I know if the Axie Infinity dApp is worth tracking?

The BDG Crypto Portfolio Tracker tool provides you with all of the information that you might need to figure these things out! All you need to do is analyze the main criteria - things such as market cap, transaction counts, CAP/TVL ratio, and a few more. Probably, volume traded is the first and one of the most important metrics to start with, it shows an overall demand for the dApp tokens. You may also check how Axie Infinity compares with other dApps, as well. Depending if the results satisfy you or not, you’ll have a much better idea of whether or not Axie Infinity is worth tracking!

How has the Axie Infinity volume changed over time?

In the last 24 hours, Axie Infinity had a volume of $0. This is a 0% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by -100%. Lastly, if you were to look at the 30-day period, the change is around -87.1%.

What is a dApp?

DApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled with tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no one has control over the network and operate on their own. Also, dApps are transparent as data is kept public and smart contracts are open-sourced.

What are the main benefits of dApps?

The main benefit of dApps is that they’re completely free from the control of any single authority and operate by logic of smart-contracts. This means that no individual, no matter how powerful, cannot control the dApp after its smart contract was launched into the blockchain. Moreover, a P2P system ensures that decentralized applications continue to run even if significant parts of the network stop operating. DApps communicate with smart contracts that make the functionality and integration of cryptocurrencies effortless.

Where can dApps be applied?

DApps can be applied in various online industries, including advertising, gaming, social media, banking, real estate, Internet of Things, elections and voting, and so much more. The utilization of dApps is almost limitless, and their number continues to grow every day, so it’s unclear what more the future will bring. BitDegree approach makes dApp & other blockchain-related information well accessible and easily understandable for everyone globally.

Total value of current assets in the dApp’s smart contracts.

Amount of unique crypto wallet addresses that are interacting with the dApp.

Total amount of purchasing actions made to the dApp’s smart contracts.

Amount of incoming value to dApp’s smart contracts from trades taking place.

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Value of the dApp’s token in a certain period.

Total dollar value of all the coins circulating on the market.

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Total amount of assets that are currently staked in a specific protocol.

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Market Cap & Current TVL ratio that shows dApp’s liquidity.

Total amount of unique transactions made in a certain NFT collection.

Amount of unique crypto wallet addresses that are interacting with the NFT.

Amount of incoming value to NFT’s smart contracts from transactions taking place.

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Current rank of Axie Infinity is #55

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