Axi Infinity Shards (ETH: $AXS) is the native utility and governance token of Axie Infinity, a blockchain game where players can collect, battle, breed, and trade digital creatures known as Axies (NFTs).
The ecosystem operates on a player-owned economy, with the utility tokens being used for staking, voting on the future of the ecosystem, and paying for fees. AXS can be earned via gameplay and binds the ecosystem together. The Axie Infinity platform is one of the most popular play-to-earn (P2E) platforms, and runs on the Ronin and Ethereum blockchains, giving players an avenue to earn crypto revenue from their gaming activities.
Axie Infinity (AXS) Price Soars
The price of AXS has been moving upward recently, following a lull. This movement follows a familiar path of GameFi tokens, where price moves fast, and captures the attention of the masses. For months, AXS has remained frozen, but has recently moved above $2.
Why Is AXS Rising?
The rise of Axie Infinity is driven by a combination of a general shift towards GameFi and the changes in the Axie token economy. One of the most notable changes is the announcement that SLP emissions in the Origins game mode would stop beginning on January 7, 2026. This was done to beat bot farming, which would do long-term harm to the in-game economy. While SLP can still be used for morphing and crafting, the changes eliminate the farm and dump loop.
Another major change is the rollout of bAXS, which is a token earned via gameplay that can be used inside the ecosystem. Early phases of the rollout will be bound to account, and are part of an effort to improve engagement and reduce sell pressure.
2026 is generally expected to be a big year for Axie Infinity, and crypto traders are working to price in these expected improvements to the ecosystem. This is important since GameFi is often driven by belief, with traders buying the possibility of a surge before changes come into place.
Market Performance
In the past week, the price of Axie Infinity (AXS) has surged 116.1%, placing it firmly above $2, at $2.10 per token. The price has risen 68% in the past 24 hours alone, as of Saturday, January 17, 2026. Over the past month, the price has surged 140.9%.
However, the token price is still at a massive discount of 98.7% to its all-time high of $164.90, which it achieved on November 6, 2021. With a market cap of $352.92 million, the recent spike is not like other spikes.
In previous spikes, the price of AXS was not supported by a surge in trading volume. However, this time, the trading volume has surged 344.41% in the past 24 hours to $731.66 million. With the trading volume more than double the current market cap, it could signal that AXS is headed for even bigger highs in 2026.
Is AXS A Buy In 2026?
Axie Infinity ($AXS) is currently having a solid run, supported by a rotation towards GameFi and ecosystem improvements. With excitement building around the recent rise above $2, trading volume has surged to great heights. As such, adding AXS to your portfolio could potentially be the right move for some short-term gains.
Click Here for Updates on AXS – It’s 100% FREE to Sign Up for Text Message Notifications!
Disclaimer: This website provides information about cryptocurrency and stock market investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for educational and informational purposes only. The owner of this website is not a registered investment advisor and does not offer investment advice. You, the reader / viewer, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment. Please read our Full Disclaimer: https://dexwirenews.com/disclaimer/
