Axie Infinity (AXS) has emerged as a leading play-to-earn cryptocurrency, attracting both gamers and investors. This guide explores the best platforms for trading AXS, analyzing liquidity, trading pairs, and market trends to help you make informed decisions.
Top Exchanges for AXS Trading
Below is a ranked list of exchanges offering AXS, sorted by 24-hour trading volume and liquidity metrics. Depth percentages reflect order book liquidity within ±2% of the current price.
| Rank | Exchange | Trading Pair | 24h Volume (USD) | Price (USD) | Volume % | -2% Depth | +2% Depth | Rating | Updated |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Binance | AXS/USDT | $3,651,868 | $2.21 | 16.33% | $69,092 | $93,044 | A | Recently |
| 2 | MEXC Global | AXS/USDT | $1,584,679 | $2.21 | 7.08% | $107,504 | $114,658 | A | Recently |
| 3 | Lbank | AXS/USDT | $1,919,975 | $2.21 | 8.58% | – | – | A | Recently |
| 4 | CoinW | AXS/USDT | $1,293,991 | $2.21 | 5.79% | – | – | A | Recently |
| 5 | Biconomy | AXS/USDT | $783,424 | $2.21 | 3.50% | – | – | A | Recently |
👉 Discover more trading strategies for AXS
Key Market Observations
- Dominant Trading Pairs:
- USDT pairs account for 97.15% of total AXS trading volume
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USD and EUR fiat pairs represent 3.47% of volume collectively
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Liquidity Insights:
- Binance shows balanced liquidity with $69K support at -2% and $93K resistance at +2%
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MEXC Global demonstrates exceptional depth exceeding $100K on both sides
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Exchange Distribution:
- 65 unique exchanges list AXS
- 93 active trading pairs available globally
Trading Recommendations
- For High-Volume Traders:
- Prioritize Binance and MEXC Global for deep order books
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Consider Coinbase Pro for institutional-grade execution
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Fiat On-Ramp Users:
- Coinbase (USD/EUR) and BTCTurk (TRY) offer direct fiat pairs
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Gate.io provides USD conversions
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Altcoin Diversifiers:
- AXS/ETH pairs available on Binance and Uniswap
- AXS/BTC options exist across multiple platforms
👉 Compare AXS staking yields across platforms
Frequently Asked Questions
Q: Which exchange has the lowest fees for AXS trading?
A: Binance typically offers the most competitive fee structure, especially for high-volume traders using BNB for fee payments.
Q: Is AXS available on decentralized exchanges?
A: Yes, you can trade AXS/WETH on Uniswap v3 and AXS/WBNB on PancakeSwap with typical DEX liquidity.
Q: What’s the most liquid AXS trading pair?
A: AXS/USDT on Binance currently shows the deepest order book liquidity with tight spreads.
Q: Can I earn yield on AXS holdings?
A: Several platforms like Binance and OKX offer AXS staking programs with varying APYs.
Q: How does AXS liquidity compare to similar GameFi tokens?
A: AXS maintains superior liquidity metrics compared to most play-to-earn tokens, ranking in the top 5% for exchange coverage.
Market Trends and Analysis
The AXS trading ecosystem demonstrates:
– Strong preference for stablecoin pairs (97.18% of volume)
– Growing institutional interest through Coinbase Pro listings
– Expanding geographic availability with KRW, TRY, and BRL pairs
For active traders, monitoring depth metrics and volume distribution can reveal optimal entry/exit points. The concentration of liquidity in USDT pairs suggests this remains the preferred trading vehicle for AXS.
Remember to always conduct your own research and consider market conditions before executing trades. The cryptocurrency market remains volatile, and past performance doesn’t guarantee future results.