TL;DR
- Axie Infinity just changed its entire token economy with bAXS launch
- The new bAXS token could finally fix Axie’s in-game spending problem
- 100,000 bAXS airdrop drops today — check if you qualify
Axie Infinity on Feb. 26, 2026 launched bAXS, a bonded version of AXS designed as a reserve currency for new in‑app tokens and in‑game spending, according to the Axie Infinity blog post “bAXS is LIVE!“. The project said a first airdrop totaling 100,000 bAXS will be distributed to eligible stakers over the coming days.
The move consolidates staking and token utility on App.Axie and shifts reward flows toward an asset engineered to circulate inside the Axie ecosystem, a change that has operational implications for traders, treasuries and game‑economy participants.
Design and on‑platform utility
bAXS is presented as Bonded AXS — an ERC20‑C token backed 1:1 by AXS with the same on‑chain utility as AXS but with built‑in incentives to remain in‑ecosystem, the blog says. Users will be able to use bAXS to evolve and ascend Axies, mint Runes and Charms, breed, forge items, buy a Codex Pass and stake to earn AXS.
App.Axie will, by default, prioritise spending bAXS over AXS for those in‑game purchases, a design intended to channel activity and liquidity through the game rather than external markets. The developer also says most rewards will be distributed in bAXS over time, changing the composition of in‑game payouts.
On conversion economics, Axie Score now affects exchange rates when converting bAXS back to AXS: “the higher your score, the better your exchange rate,” the documentation states, linking active participation to more favourable terms.
Distribution, eligibility and operational changes
Axie Infinity set a snapshot on February 5, 2026 to determine eligibility for the first airdrop. Eligible wallets required at least 10 AXS staked at that snapshot, with allocations further refined by the holder’s Axie Score and staked AXS amount, according to the blog.
- Snapshot: February 5, 2026 — minimum 10 AXS staked required for eligibility.
- Airdrop pool: 100,000 bAXS to be distributed over the coming days.
- Claims: allocations will be viewable and claimable at app.axieinfinity.com/profile/claim‑tokens.
The team also said it is sunsetting the legacy staking page and moving all AXS and bAXS staking activity to App.Axie to centralise management and claims.
“For now bAXS is live,” the Axie Infinity blog wrote on Feb. 26, 2026, framing the launch as the start of a new phase in the game’s token economy.
For traders and treasuries, the immediate considerations are liquidity and flow concentration inside the Axie ecosystem. bAXS’s design to encourage internal spending could reduce immediate sell pressure on AXS but also reallocate reward supply to a token with constrained external circulation.
Operationally, teams and market makers should monitor on‑chain flows into App.Axie, the pace of airdrop claims over the coming days and conversion behaviour tied to Axie Scores. The consolidation of staking onto App.Axie is the next actionable date for custodians and treasury operators to update staking integrations and accounting workflows.
