Blades of Time is the spiritual sequel to X-Blades by the same developer. It follows the story of Ayumi, a female treasure hunter who disrupts a rite to access a sphere that transports her to the fantasy world Dragonland. She fights with a set of blades in over-the-top hack-and-slash gameplay reminiscent of the God of War series. Gameplay involves slashes and kicks linked into fast combos, including finishing moves when an enemy is forced into a submissive position. Ayumi can also pick up long-ranged weapons like rifles or rocket launchers to shoot objects out of reach to solve puzzles. During her journey, she picks up diary pages from previous treasure hunters that explain how chaos magic has altered the environment and introduced monsters.
Ayumi regularly discovers altars where new skills are learned, such as freezing enemies or rising giant ice crystals below them. These can only be used when a rage bar is built up with up to three levels by defeating opponents. She also dashes away to evade attacks or quickly closes the distance towards an opponent.
Multiplayer is available through Outbreak mode, offering games similar to Defense of the Ancients. Two teams attempt to defeat each other's energy tree while keeping their own alive, with outposts filled with computer-controlled minions and monsters. Players select up to three abilities at the start of the game, earning respawns and opening up further room for abilities as they progress.
Defeating heroes and outposts earns players additional respawns and experience points, which can be used to move up levels. The game also introduces boss monsters and special chests containing a berserk charge for the heroes. Item crafting is carried over to multiplayer, but time rewinding is not possible.