Big Axie news today + Arena Grind heating up // Axie Infinity Arena Session

Today we were blessed with the long-awaited, but also ahead-of-schedule, salvation of SLP value and general economic activity-generator: Axie Sinks.

Axie Sinks are HUGE

This event is a new burn mechanic that allows players to trade in Axies -- especially Axies with bad movesets and lack of current utility -- in exchange for a chance for items usable in the upcoming land play mode.

So far players are going absolutely nuts over the announcement. It seems that Lunacians were just waiting for a good way to get rid of their least valuable Axies.

At the time of this writing, 48k+ Axies have been released. It's slowing down a bit in terms of hourly release rate, but early on I did some back-of-the-tweet calculations on what the burn total might be after a month.

However given that there was an initial "mad rush" of people buying floor Axies and releasing lots of stuff to get in on the fun, the rate of burn could slow down substantially in the days to come.

Axie Floor Rising

Before the event started, the cheapest Axies on the marketplace were selling for around 0.015 ETH. Anything cheaper than that would be scooped up immediately by either bots or fast marketplace snipers.

Now the floor has risen to 0.02, with a notable increase in the average quality of movesets available for these most affordable Axies. Much of the most unplayable trash movesets and stats has been scooped up for release in the Lunar New Year event.

The floor is still rising. Will it go higher in the coming days? We'll just have to wait and see.

Today's Arena Session

Today's session was pretty good. I am slowly, emphasis on slowly, climbing the ranks and figuring out how to pilot different plant and bird based builds. Hopefully soon it'll click fully enough for me to get back in the top 100k players and make a renewed push for top 1% ranks... I want it!