Axie Infinity introduced Bonded AXS (bAXS), a non-transferable ERC20-C token pegged 1:1 to AXS, and conducted an initial snapshot for the airdrop, benefiting those who had staked at least 10 AXS. The launch aims to curb speculative trading and maintain the token’s value.
bAXS was designed as an application token intended for internal use within the Axie Infinity ecosystem, not as an asset for open trading on external markets. The project defines it as a reserve currency for its new application token system, with uses including Axie evolution and breeding, object creation in App.axie, staking, and certain governance functions. Although backed 1:1 by AXS, bAXS is deliberately non-transferable outside the game’s controlled environment.
Sky Mavis presented this design as a tool to reduce inflationary pressure and discourage “farm and dump” cycles by keeping the generated value within Axie’s managed systems.
In line with this objective, bAXS cannot be traded on external exchanges, and its redemption is primarily limited to marketplaces and internal ecosystem functionalities. For custodians and participants, this architecture modifies traditional custody, listing, and secondary market access criteria.
The first airdrop distributed a total pool of 100,000 bAXS. To be eligible, users had to have at least 10 AXS staked. Individual allocations were calculated based on a combination of each wallet’s Axie Score and the amount of AXS staked, as Axie Infinity reported upon confirming the snapshot’s completion.
Awaiting the second airdrop on Axie Infinity
The project has already announced a second airdrop, the structure of which will be tied to the staking of bAXS received in the first round. This mechanism will increase the weight of participating users in the subsequent distribution, although full details have not yet been revealed. This approach aims to incentivize retention and active use of the token within the ecosystem, rather than speculative trading.
The token and airdrop announcement had a visible impact on the AXS market. In the 30 days leading up to the reveal, the token rallied strongly, roughly doubling its price above $2 and reaching a high near $2.92 toward the end of January. After that peak, AXS retreated to around $1.55, reflecting profit-taking following the event.
Looking ahead, bAXS adoption and the performance of the new land set, Terrariums, will be key variables for AXS’s price evolution and the ecosystem’s ability to retain value. The launch of the Terrariums Minimum Viable Product (MVP) is planned for the second quarter of 2026, at which point bAXS’s full utility will be unlocked.
That date, along with any future regulations regarding external conversions or fee structures, will be a central point of focus for market, compliance, and institutional participants.
