Illuvium (ILV): What It Is, Uses and Risks

Illuvium is a franchise of open-world role-playing games built on Ethereum. Players capture collectible creatures called Illuvials, which are represented as non-fungible tokens (NFTs). The project describes its model as play-to-earn, meaning players can earn digital assets with value through gameplay. It also says its titles are designed so that items can be used across more than one game. ILV is the project's main utility and governance token. It is an ERC-20 token issued on Ethereum, not the native token of a blockchain. Public listings place ILV in categories such as gaming, NFT, metaverse and play-to-earn tokens. The project was co-founded by brothers Kieran and Aaron Warwick, and its materials name early venture backers including Delphi Digital and IOSG Ventures.

According to the project description, ILV has three main roles. Holders can vote through the project's decentralized autonomous organization (DAO) on future development and economic policy. Holders can also stake ILV to earn rewards, which the project says are funded by in-game revenue. The project states that 100% of game revenue generated is distributed to stakers. A third role is trading: assets can be traded on the IlluviDex marketplace, which the project says charges no transaction fees. A synthetic version of the token is used as in-game currency. Third-party pages also mention liquidity mining and vault distributions as uses. These details can change through governance, so readers should check the project's own documentation before relying on any specific reward or fee.

As of 2026-11-05, the data showed ILV at about $2.99, with a market capitalization of about $24.7 million and a fully diluted valuation of about $28.6 million. The 24-hour trading volume was about $1.6 million, and the token ranked 735th by market capitalization. Circulating supply was about 8.29 million ILV and total supply about 9.60 million ILV. The data listed no maximum supply. Over the past year the price fell about 65%, and over the past seven days it rose about 0.2%. The all-time high was about $1,911 on 2021-11-30, and the recent all-time low was about $2.69 on 2026-07-29. These figures change constantly and are shown only for context.

ILV is issued on Ethereum. The project says most of its transactions, including NFT minting and trading, are processed on Immutable X. Immutable X is a Layer 2 scaling network that uses zero-knowledge rollups. These bundle many transactions off-chain and send a cryptographic proof of their validity back to Ethereum. The project says this approach keeps transactions fast, removes gas fees for players and retains Ethereum's security. Moving tokens between Ethereum and a Layer 2 usually requires a bridge or a platform that supports both networks. Before sending ILV or an in-game asset, check which network the token is on and whether the receiving service supports it. Sending a token to the wrong network can result in lost funds.

ILV is a volatile asset. The data showed a sharp fall from its 2021 peak and a large yearly decline, so the price can move quickly in either direction. The project's revenue-sharing and reward claims depend on in-game revenue, which is not guaranteed and may fall if player activity drops. Governance by token holders can also concentrate influence among large holders. Smart contracts, bridges and marketplaces can contain bugs or be exploited. The data did not list a maximum supply, so supply rules should be checked in the project's documentation. Scammers often impersonate gaming projects, so treat unsolicited messages, airdrops and support requests with caution. For storage, use a self-custody wallet that supports ERC-20 tokens, keep the recovery phrase offline and never share it, and confirm contract addresses through official project channels before interacting.