# Axie Infinity raises $152 million Series B, valuation hits $3 billion

**Published:** 2026-06-23T13:45:42.609Z  
**Topic:** Axie Infinity  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/ec68d9ac-7ac3-4144-ab7d-186c2e9791e8

Axie Infinity secured a $152 million Series B led by Andreessen Horowitz, pushing its valuation to $3 billion and underscoring rapid growth in its play‑to‑earn

Axie Infinity closed a $152 million Series B round, lifting its post‑money valuation to $3 billion and confirming the game’s rapid expansion as a leading play‑to‑earn platform【3】.  

| At a glance | |
|---|---|
| Funding round | $152 million Series B |
| Valuation | $3 billion |
| Users (Aug 2021) | 1.8 million logged‑in |
| Trading volume | $2.4 billion total |

## Funding boost and market traction  
The new round, led by Andreessen Horowitz, follows a $7.5 million Series A raised five months earlier, showing strong investor confidence in the Web3 gaming model【3】. Sky Mavis, the Vietnam‑based studio behind Axie, now commands a $3 billion valuation, positioning it among the most valuable crypto‑gaming firms. The capital infusion is expected to fund further development of the Axie ecosystem, including side‑chain enhancements that reduce transaction costs compared with Ethereum’s mainnet【3】.

## User growth and economic activity  
Axie’s user base grew to 1.8 million active accounts in August 2021, with a concentration in the Philippines where roughly 40 percent of players reside【3】. The platform’s “play‑and‑earn” model has generated over $2.4 billion in total trading volume, driven by the buying, selling, and breeding of NFT Axies and the in‑game token Smooth Love Potion (SLP)【3】. Notably, 25 percent of players had never held a bank account before joining, highlighting the project’s role in providing financial services to underserved populations【3】.

| Tokenomics snapshot |
|---|
| Total SLP trading volume | $2.4 billion |
| Players without prior bank accounts | 25 % |

## What to watch  
- **Axie token supply** – Monitor any upcoming token unlocks or vesting schedules that could affect SLP circulation.  
- **Regulatory scrutiny** – Watch for tax or financial‑services regulations in key markets such as the Philippines, which could impact player earnings.  
- **Further funding rounds** – Additional venture capital inflows may signal continued scaling or shifts in strategic focus.  

The fresh capital and soaring valuation underscore how Axie Infinity is redefining the intersection of gaming and decentralized finance, but its long‑term sustainability will hinge on balancing token economics, regulatory environments, and ongoing user growth.

## Sources
1. Axieinfinity — [Axie Infinity | A Web3 Gaming Revolution](https://axieinfinity.com/)
2. Whitepaper — [Axie Infinity](https://whitepaper.axieinfinity.com/)
3. The Verge — [How Axie Infinity is turning gaming on its head | The Verge](https://www.theverge.com/2021/10/13/22725083/axie-infinity-sky-mavis-blockchain-economy-game-pokemon)

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Cite as: TrendWatcher, "Axie Infinity raises $152 million Series B, valuation hits $3 billion", https://www.trendwatcher.in/article/ec68d9ac-7ac3-4144-ab7d-186c2e9791e8