Ronin Introduces New Index and Axie Infinity Restructures Tokenomics

Axie Infinity is restructuring its tokenomics with a new token, bAXS, to replace AXS for rewards as part of its 2026 roadmap. Truflation launched the GameFi Index to track the performance of leading blockchain gaming platforms and games, including Ronin (RON) according to reports. The broader GameFi market has declined 2% in market cap to $9.35 billion, with AXS outperforming many of its peers.

Axie Infinity is undergoing a significant shift in its token model by introducing bAXS, an app token that will replace AXS for rewards. This move aims to improve tokenomics and reduce supply volatility. The new token can be staked, spent, or sold, but is initially tied to user accounts. The AXS token has seen a price rebound of over 30% in early January 2025 after reaching a four-year low.

The GameFi Index, launched by Truflation, provides real-time insights into the performance of blockchain gaming platforms and games. It includes major protocols like Immutable (IMX) and Ronin (RON). The index is designed to help investors track market cap and trading volume, as well as user engagement metrics.

Pixiland: Age of Heroes has permanently paused its Web3 features, including crypto payments and NFT minting, due to market volatility and regulatory challenges. The project will convert existing tokens into in-game currency and shut down its Web3 dashboard by March.

What is the significance of Axie Infinity's token change?

Axie Infinity's introduction of bAXS is a strategic move aimed at stabilizing supply dynamics and improving user engagement. Unlike AXS, bAXS is earned through gameplay and can be used for in-game transactions, staking, or trading. The token will initially be bound to user accounts, ensuring that it remains within the Axie Infinity ecosystem.

This change is part of a broader overhaul planned for 2026 and was announced by co-founder Jihoz during a Discord panel. The goal is to create a more balanced token model that supports long-term sustainability.

How does Truflation's GameFi Index help investors?

Truflation's GameFi Index provides investors and users with a comprehensive tool for tracking the performance of blockchain gaming platforms and games. It includes top protocols like Immutable (IMX) and Ronin (RON). The index aggregates trading and user engagement metrics to offer a real-time view of the sector's growth.

By using on-chain data, the GameFi Index helps investors identify trends and opportunities in the blockchain gaming space. This tool is particularly useful given the volatility and complexity of the market.

What are the broader market trends affecting GameFi?

The GameFi market has experienced a 2% decline in market cap to $9.35 billion as of early January 2026. Despite this, Axie Infinity's AXS token has outperformed many of its peers, indicating a positive outlook for the project.

Smaller-cap tokens like WOD have also struggled to maintain momentum. The broader decline in the market highlights the challenges facing the sector, including regulatory scrutiny and market volatility.

Cybersecurity threats remain a significant concern for crypto-integrated fintech platforms, with over $7 billion lost to cyberattacks between 2022 and 2024. The Ronin Network, which hosts Axie Infinity, has seen its market cap drop by over 90% from 2024 highs.