Bonded AXS (bAXS) is a new utility token introduced by Axie Infinity's developers, Sky Mavis, in early 2026 as part of major ecosystem reforms. Built on the ERC20-C standard (AppToken protocol), bAXS is backed 1:1 by the main governance token AXS, serving as its reserve currency.
Unlike freely tradable AXS, bAXS is non-transferable by default—meaning it stays account-bound and cannot be sent to other wallets directly. This design aims to curb bot farming, reduce immediate sell-offs (dumps), stabilize token inflation, and encourage long-term player engagement by keeping value circulating within the Axie ecosystem.
Players earn bAXS through gameplay, such as competitive seasons in Axie Origins (e.g., Season 16 launched with an 80K bAXS prize pool), staking, or airdrops. It shares the same core utilities as AXS: breeding Axies, ascending/evolving them, forging items on App.axie, staking for rewards, and more. Over time, most in-game rewards shift to bAXS distribution.
To convert bAXS back to tradable AXS, users pay a variable Treasury fee that decreases based on their Axie Score (reputation metric), rewarding dedicated, high-engagement players with lower costs.
The launch, announced in January 2026 alongside reward overhauls, contributed to a significant AXS price surge (over 100% in some reports) by prioritizing sustainable economics over short-term speculation. Additional airdrops for stakers and high scorers followed in February.
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