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Highlights
- Axie Infinity is a blockchain-based trade and battle game.
- The AXS (Axie Infinity Shards) crypto is the governance token and holders can use it to participate in voting for important decisions.
- On May 31, the Axie Infinity ecosystem announced all-new cards for the Axie Infinity: Origin.
The price of Axie Infinity (AXS) soared 24 per cent over the previous day, and it was trading at US$ 24.85 per token at 4 AM EST. Meanwhile, the 24-hour volume of Axie Infinity climbed over 400% to approximately US$ 821.6 million.
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On May 30, the crypto market showed signs of recovery, and it continued to gain momentum on Tuesday, May 31. As of writing, the worldwide crypto market valuation was US$ 1.31 trillion, up around three per cent from the previous day.
The overall crypto market volume over the previous day had increased by 38.07% to US$ 92.18 billion at the time of writing.
What is Axie Infinity (AXS) crypto?
Axie Infinity is a trade and battle game based on blockchain technology. It allows players to collect Axies (token-based animals) and they can trade them.
Axies come in different shapes and sizes along with a combination of at least 500 distinct body parts.
The AXS (Axie Infinity Shards) crypto is the governance token for the ecosystem. The governance token offers holders a say in how the money in the Axie Community Treasury will be spent and other critical governance decisions.
The ERC-20 token Axie Infinity (AXS) was introduced on the Ethereum platform. Axie Infinity crypto is traded on several crypto exchange platforms like Binance, Kraken, Huobi Global, FTX, and Coinbase.
Bottom line
In April, users got early access to play Axie Infinity: Origin on Android APK and Mavis Hub, and the network asked the players to be ready for more updates in future.
On May 31, the Axie Infinity ecosystem announced all-new cards for the Axie Infinity: Origin and that it is live on Android and Desktop. The AXS crypto could be gaining traction due to the latest development.
According to CoinMarketCap, the Axie Infinity crypto has been gaining momentum since the past few days and it surged 18.9% in a week.
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