Players buy/sell NFTs on the Axie marketplace. Players can also breed Axies or mint runes or charms against a fee.

Axie Infinity is a non-custodial game & marketplace built on Ethereum and other adjacent blockchains. Axie Infinity was founded by Trung Nguyen, Aleksander Larsen & Jeffrey Zirlin and launched in 2018.

AXS tokenholders own and govern the protocol. They currently take a cut of the total marketplace sales and all of the breeding, rune and charm fees paid by players (revenue). Axie Infinity's investors include ConsenSys, Hashed, Collaborative Fund, etc.

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Axie Infinity

# Axie Infinity Maximum token supply Methodology

## 1. Overview

The Axie Infinity maximum token supply metric represents the theoretical maximum number of tokens that can ever exist for the project. This is a static protocol parameter that remains constant at 270 million tokens throughout the project's lifetime. The metric answers the business question of what the hard cap is for total token issuance, providing a baseline for understanding token scarcity and potential dilution limits.

## 2. Data sources

This metric relies on hardcoded protocol constants rather than blockchain data:
- **Protocol documentation**: The predefined maximum supply limit of 270 million tokens as specified in Axie Infinity's tokenomics
- **Project launch information**: The token launch date of November 4, 2020
- **Project configuration**: Static project identifier and metadata for Axie Infinity

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Establishes the theoretical maximum number of tokens that can ever be minted
- **Logic**: Sets a constant value of 270,000,000 tokens as the hard cap for total token supply. This represents the maximum theoretical supply regardless of current circulating or total supply levels
- **Key fields**: `token_supply_maximum` field set to 270 million, `timestamp` field set to project launch date of November 4, 2020

### Component B: Time series standardization
- **Purpose**: Formats the constant maximum supply value into a standardized time series metric
- **Logic**: Applies the finalization macro to create a properly formatted metric with consistent timestamp grain and project metadata. Uses a fill-forward strategy to propagate the same maximum supply value across all time periods since this value never changes
- **Key fields**: `timestamp_grain` set to daily intervals, project `data_id` set to 'axie', fill strategy ensures continuity

### Final aggregation
- **Combining components**: No aggregation is needed since this is a single constant value
- **Currency conversion**: Not applicable as this represents token count, not monetary value
- **Time aggregation**: The constant value is replicated across daily time periods using fill-forward logic
- **Final calculation**: The final metric value is always 270,000,000 tokens for any given date, representing the unchanging maximum possible token supply for Axie Infinity

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

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