Risk Wave
3718
Danger Zone
Axie Infinity's Risk Wave score is currently 3718/100 — placing it in the Danger Zone.
Axie Infinity is trading well above its long-term trend. Elevated risk — consider taking partial profits or tightening stop-losses.
Risk Wave measures how far AXS's price deviates from its long-term trend. Learn more →
Fear & Greed
9/100
Extreme Fear
Market Cap
$192.1M
Category
Gaming
Other Gaming coins:
Play-to-earn gaming ecosystem where players battle and trade NFT creatures.
Investment thesis: Axie Infinity demonstrated that blockchain gaming could achieve genuine mass adoption, particularly in emerging markets where play-to-earn income was economically meaningful. Sky Mavis continues to develop Axie through new game modes and the Origins update to improve long-term gameplay retention beyond earnings. The Ronin chain has also expanded to host other games, making AXS a bet on the broader Ronin ecosystem.
Key risks: Ronin suffered a 625M USD bridge hack in March 2022, one of the largest crypto exploits on record, damaging user trust. The play-to-earn economy proved unsustainable as SLP inflation and declining player growth caused token prices to collapse. Retaining players for gameplay quality rather than financial incentives has been a persistent product challenge.
By Menno — 13 years in crypto, 3 bear markets survived, zero paid promotions
Last updated: March 2026
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Start Free TrialThis page is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk including the potential loss of all invested capital. Prices from CoinGecko. Always do your own research before making investment decisions.