The currency $ILV is the original token of the Illuvium platform, which is a fantasy role-playing game (RPG) based on blockchain technology and built on the Ethereum network.
Here are the key details about the currency $ILV and the game as of January 2026:
1. Core Functions and Uses
Governance: Token holders have the right to vote on decisions regarding the development of the game and economic policies through the Illuvium DAO.
Rewards and Staking: Users can stake their tokens to earn rewards from the game's revenue.
Utility Token: The currency is used to purchase digital assets (NFTs) within the game and access special features, with an artificial version called sILV2 for immediate use within the game.
2. Market Data (as of January 24, 2026)
Current Price: The price of ILV is trading around $5.88.
Market Capitalization: The market capitalization of the currency is approximately $55.8 million.
All-Time High: The currency previously recorded a peak of $1,911.26.
Trading Volume: The daily trading volume is around $12.28 million.
3. Features of the Illuvium Project
Play-to-Earn System: The game allows players to collect monsters known as Illuvials as digital assets (NFTs) that can be traded.
Layer 2 Technology: The game uses technical solutions (such as Immutable X and Immutable zkEVM) to ensure transaction speed and reduce gas fees to nearly zero when trading assets.
