15.1M SLP Burned in 2 Months as Collectible Axies Meta Morph in Origins
October 2nd, Lunacia
Early this morning, the smell of smoke tickled @jihoz_axie’s nose.
“Did I overcook my egg whites again?” he wondered.
However, further inspection revealed the correct source of the… pic.twitter.com/vK3mUOPImg
— Axie Infinity (@AxieInfinity) October 2, 2024
Data Insights Reveal Surging Meta Morphing Activity and Rising SLP Burns
Axie Infinity’s data team has been attentively observing the scenario over the previous two months, trying to understand the fast developments. Their analysis indicates that 3,805 Axies in all have experienced Meta Morphing over this time, greatly influencing SLP’s high burn rate.
Source: Axie Infinity on X
This tendency shows no slowing down, hence some members of the society joke that Lunacians could soon have to wear masks in the arena to handle the severity of the Meta Morphing fights.
Axie Infinity debuted Meta Morph in August and soon became well-known because of the fresh value and use it gives collecting Axies, according to CNF.
Axies can morph their cards with Meta Morph, which either increases their power or adaptability to the shifting meta of every season. Encouragement of players to rethink their tactics and maximize their Axies for success has given Axie Infinity’s gameplay fresh vitality.
Beside that, as we previously noted, Axie Infinity has also been diligently improving the player experience by including Chainlink Data Streams into their distributed apps (dApps). While decentralizing the execution of many in-game operations, this integration offers real-time, verified market data for the native coin, $AXS.
Faster and more dependable processes, like a lowered cooldown for Fortune Slips to 24 hours, help players now increase their earning potential. Furthermore, changes to the Bounty Board have been made so that players may monitor their development and benefits more easily.
Meanwhile, the game’s native token, $AXS, has had a tough ride on the market. $AXS is trading at $4.47 at the time of writing, down 4.11% over the last 24 hours.