Axie Infinity's ecosystem tokens, AXS and SLP, have experienced significant price increases following a major tokenomics overhaul by developer Sky Mavis. AXS has surged over 247% in the past 30 days, reaching a market capitalization of $748 million, while SLP has risen by more than 42%, with its market cap hitting $38.48 million.
The surge is attributed to Sky Mavis's recent reforms, including the cessation of SLP emissions under the Origins mode, which has reduced inflationary pressure by over 30%. Additionally, the introduction of bAXS, a non-transferable bonded token, replaces the previous AXS reward mechanism, aiming to reward genuine players and reduce bot activity. These changes mark the most significant economic model update for Axie Infinity since 2021, as the platform seeks to enhance player engagement and sustainability.
AXS and SLP Prices Soar Following Axie Infinity's Tokenomics Overhaul
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
