A new Axie Infinity update will drastically reduce the AXS costs for breeding Axies, Sky Mavis announced. This will be met with a proportionate increase in SLP costs per breed count.
Sky Mavis announced that the AXS cost per breed has been reduced from 2 AXS to 1 AXS, drastically lowering the costs of breeding. Meanwhile, Sky Mavis also re-balanced the SLP costs of breeding. The changes for SLP costs are as follows:
The growth of Axie Infinity has seen an overabundance of SLP, which then led to the lowering value of the cryptocurrency in crypto-exchange markets. One of the primary reasons for this is the lack of SLP sinks in the game. This change might increase the usage of SLP among players, especially for breeders, which could then help spike the value of the cryptocurrency once again. Hence, it is expected that there will be another spike in the cryptocurrency's value within the next couple of days. This will of course be followed by a market correction, with the long-term prospects of the coin still up in the air from then on. However, these insights are still just speculation, and should not be taken as investment advice. Readers are advised to invest at their own risk and to only invest what they can afford to lose.