Why is SLP pumping? Roughly 40% of SLP is created from adventure mode, roughly ~44% of SLP is created from PVP, and the remainder (~14%) is minted from players claiming the daily quest. Adventure and daily quest rewards have been completely REMOVED in season 20. 54% of SLP minting has just been TURNED OFF (well, before calculating new mints with updated PvP...
As stated in my prior idea, the fundamentals will drive this train. The double edged sword has cut in SLP holders direction. With season 20 came some rather hard economic lever pulls. Full article here: (um, actually I don't have a Pro account, so no link, but its the Feb 3 update on Axie's Substack) TL:DR Axie has cut SLP adventure mode rewards and daily...
SLP being a utility for a Metaverse game is a double edged sword. Being it's mainly a reward function (as of now), I don't believe TA will have much influence here. It will be the fundamentals that will drive direction, determined by the underlying game it's tied to. Bullish Points At any point, Axie could implement new mechanics and functions that bring...