Illuvium
#660
ILV
$3,16
−5.49% (24h)
Market Cap
$23,18M
Volume 24d
$1,98M
Updated at
17:18 UTC
Price Chart
| Date | Price (USD) |
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What is Illuvium?
Illuvium (ILV) is the governance token for Illuvium, a blockchain-based role-playing and strategy game. The project was launched in 2021 and was co-founded by Kieran Warwick, Aaron Warwick, and Grant Warwick. The ILV token is central to the game's ecosystem, serving multiple functions for its holders. Its primary use cases include participating in the governance of the platform, earning rewards within the game, and staking to receive a share of in-game revenues. As a token in the gaming sector, Illuvium operates within the growing field of blockchain-based entertainment and decentralized game finance. It is categorized as both a gaming and a governance token.
How does Illuvium work?
As an ERC-20 token, Illuvium operates on the Ethereum blockchain, which uses a Proof-of-Stake consensus mechanism. In this system, validators are selected to create new blocks and confirm transactions based on the amount of cryptocurrency they have staked. This method is designed to maintain network security and ensure all participants agree on the shared ledger's state.
The primary participants in this ecosystem are validators, who are responsible for processing transactions and adding them to the blockchain. They stake their own assets to participate and are rewarded for correctly performing their duties. Network users submit transactions, like sending ILV, through nodes that propagate the information across the network.
When a transaction involving ILV is initiated, it is broadcast to the network and placed in a pool of pending transactions. Validators select transactions from this pool to include in a new block that is proposed to the network. Once other validators attest to the block's validity, it is permanently added to the Ethereum blockchain.
Illuvium use cases
The ILV token has several core functions within the Illuvium ecosystem, primarily related to game participation and platform direction. These uses are designed to integrate token holders into the operational and economic aspects of the game, giving them a role in its ongoing development.
- Governance: Holders can use ILV to vote on proposals that influence the future development and rules of the Illuvium game.
- Gaming rewards: Players can earn ILV tokens as rewards for achievements and participation in various in-game activities and tournaments.
- Staking: Token holders can stake their ILV to receive a portion of the revenues generated from in-game purchases and fees.
Illuvium tokenomics
The tokenomics of Illuvium (ILV) are structured around its supply dynamics and distribution mechanisms within its gaming ecosystem. The current circulating supply of ILV is approximately 7.34 million tokens. The protocol does not have a defined maximum supply, which indicates that the total number of tokens can increase over time based on issuance rules set by the platform's governance. New tokens are introduced into circulation primarily through rewards for staking and in-game achievements. This model is designed to incentivize participation. The distribution of these rewards is managed by the Illuvium DAO, where ILV holders can vote on parameters that affect the token's supply schedule.
Illuvium price history & milestones
Illuvium (ILV) was introduced to the market in 2021, entering the growing sector of blockchain-based gaming. The token's price has experienced significant fluctuations since its launch, a common characteristic of digital assets. Its value is influenced by factors such as project developments, player adoption, and broader market trends. The token reached its all-time high of $2868.95 on May 29, 2021. Conversely, the recorded all-time low for ILV was $3.12, a value noted on June 6, 2026. These historical price points reflect the periods of highest and lowest valuation for the asset. According to market data, Illuvium holds a rank of 659 among cryptocurrencies.
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Frequently asked questions
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What is the current price of Illuvium?
As of 17:18 2026-06-23, Illuvium (ILV) is trading at $3,16. Prices update every 5 minutes on this page. -
Is Illuvium a good cryptocurrency to buy on Switchere?
Switchere does not provide investment advice. You can buy Illuvium on Switchere; whether it's right for you depends on your own research and risk tolerance. -
Who created Illuvium?
Illuvium was co-founded by three brothers: Kieran Warwick, Aaron Warwick, and Grant Warwick. They began the project which officially launched in 2021. Their collective expertise in business, game design, and digital art contributed to the development of the Illuvium universe and its associated ILV token. Kieran serves as a co-founder alongside his brothers. -
What was the highest price of Illuvium (ILV)?
The all-time high price for Illuvium (ILV) was $2868.95, which was reached on May 29, 2021. This price point represents the peak valuation the token has achieved since its launch. The price of any digital asset can be volatile and is influenced by a wide range of market factors and overall sentiment. -
Where can I buy Illuvium?
You can buy Illuvium on Switchere using a wide range of payment methods including credit cards, debit cards, Apple Pay, Google Pay, SEPA bank transfers, and supported digital wallets. The process typically completes within a few minutes after identity verification. -
Can I buy Illuvium with a credit card?
Yes. Switchere supports Illuvium purchases with Visa and Mastercard credit and debit cards. Card payments are protected by 3D Secure authentication and typically settle to your Switchere wallet within a few minutes of approval.
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