Axie Infinity AXS

What AXS actually is on-chain

Axie Infinity is an ERC-20 deployed on Ethereum, at contract address 0xbb0e17ef65f82ab018d8edd776e8dd940327b28b. That address, not the ticker AXS, is what uniquely identifies this asset: anyone can deploy a second token calling itself AXS, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, AXS is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in AXS itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For AXS the project publishes a whitepaper and an active account as @axieinfinity. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where AXS sits in the market

#175 places Axie Infinity in the upper mid-cap band. Liquidity is already fragmented at this depth: a large share of real AXS volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 7 live AXS order books (Binance, Bybit, OKX, Gate.io, HTX, Upbit…). That is wider coverage than most assets ranked near #175 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

AXS against its all-time high

AXS is down more than 95% from its $164.90 peak (on 2021-11-06), leaving a 193x gap to reclaim. A drawdown this deep strips the record of analytical use: the supply structure, the holder base and usually the market cycle behind that print no longer exist. For AXS the informative reference is the downside, which makes the range section below more relevant than this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

AXS across its historical range

AXS has traded across a 1,333x range, between $0.1237 and $164.90. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

AXS trades roughly 6.90x above its record low of $0.1237 (on 2020-11-06). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

AXS supply structure

AXS is capped at 270.0 million AXS, of which only 172.9 million is circulating — 64.0% issued, leaving 97.1 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset AXS is

Axie Infinity falls in the gaming and virtual-world category, where token demand depends on player retention rather than on financial flows. The recurring failure mode for this class is well documented: in-game emissions create constant sell pressure while the user base plateaus, so the supply sink stops working before the supply tap does. Active-user data is a better leading indicator here than anything on the price chart.

CoinGecko files AXS under 10 categories, including Gaming (GameFi), NFT, BNB Chain Ecosystem, Axie Infinity Ecosystem, Metaverse. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading. Worth flagging from the metadata: AXS has been named in SEC enforcement filings as an alleged security.

How to set a Axie Infinity alert that is worth receiving

Axie Infinity is the ERC-20 at 0xbb0e…b28b on Ethereum — quoted on 7 venues we stream — high dated 2021-11-06 — rank #175. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →