
Axie Infinityaxs#147
By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s
$0.8682
7d Change
-11.65%
30d Change
-25.14%
24h High
$0.000000
24h Low
$0.000000
Price Chart
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About Axie Infinity
Axie Infinity (AXS) is the governance token for Axie Infinity, a blockchain-based game where players collect, breed, and battle digital creatures called Axies. Built on Ethereum with a sidechain called Ronin for scalability, the game pioneered the play-to-earn model that gained significant traction in 2021, particularly in Southeast Asia. AXS holders can stake tokens for rewards and vote on treasury and development decisions. The project has faced challenges around economic sustainability and declining active users following its peak popularity.
Primary use case: Governance token for a play-to-earn NFT-based game ecosystem featuring collectible creatures
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Understanding Axie Infinity Price Data
The Axie Infinity price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.
Market capitalisation for Axie Infinity is calculated by multiplying the current price by the circulating supply — the number of AXS units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.
All-time high (ATH) figures reflect the peak USD price ever recorded for Axie Infinity on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.
Axie Infinity for Australian Investors
In Australia, the Australian Taxation Office (ATO) treats Axie Infinity and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding AXS for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.
Australian investors typically buy Axie Infinity through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the Axie Infinity protocol in plain English.
Axie Infinity FAQ
What is Axie Infinity and how does AXS work?
Axie Infinity is a blockchain-based game where players collect, breed, and battle NFT creatures called Axies. AXS serves as the governance token, allowing holders to vote on game development decisions and stake tokens for rewards. The game operates on the Ronin sidechain for improved scalability and lower transaction costs.
How do Australian tax obligations apply to AXS tokens?
The ATO treats AXS token transactions as taxable events subject to capital gains tax. This includes buying, selling, trading, or earning AXS through gameplay or staking. Australian investors must keep detailed records of all transactions and report gains or losses in their tax returns.
What are the main risks of investing in AXS?
Key risks include dependence on game popularity, economic sustainability challenges in the play-to-earn model, smart contract vulnerabilities, and regulatory uncertainty. The 2022 Ronin bridge exploit demonstrated security risks, whilst declining user numbers have pressured the token's ecosystem value.
Can Australians legally buy and hold AXS tokens?
Yes, Australians can legally purchase and hold AXS tokens. However, they should use AUSTRAC-compliant exchanges where possible and understand their tax obligations. The tokens can be stored in compatible wallets, though many gaming activities require connection to the Ronin network.
What is the Ronin network and why is it important for Axie Infinity?
Ronin is a sidechain developed specifically for Axie Infinity to address Ethereum's high fees and slow transaction speeds. Most Axie Infinity activities, including trading Axies and claiming rewards, occur on Ronin. The network provides faster and cheaper transactions essential for gaming experiences.
Frequently Asked Questions
How often is the Axie Infinity price updated?
CoinHours pulls live AXS pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.
Why does the Axie Infinity price differ between exchanges?
Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.
Is buying Axie Infinity legal in Australia?
Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.
What is market cap and why does it matter?
Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.
Should I store Axie Infinity on an exchange or in a wallet?
Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.
Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.