Axie Infinity Sees 11.34% Growth in AXS Staked Over the Past Year

• Axie Infinity increased its total AXS staked by 11.34% from October 2023 to October 2024, reaching 58.5 million AXS.
• Axie Infinity burned over 43 million SLP in September, contributing to a 1.25% annualized deflation rate.

Especially with relation to its staking activities and ecosystem expansion, Axie Infinity has made notable progress over the past year. Based on a tweet by Ambassador for the Ronin Network Nathan, AXS staked overall between October 1, 2023, and October 1, 2024, rising by 11.34%.

An extra 5,956,719 AXS were staked during this period, which increases the total to 58,501,523 AXS and shows a 10% increase in staked assets. This steady rise indicates the faith players have in the platform, therefore confirming Axie Infinity’s existence in the blockchain gaming sector, where it has been relevant for almost six years.

Total AXS staked in one year increased by 11.34%!

From Oct 1, 2023 to Oct 1, 2024, @AxieInfinity saw an additional 5,956,719 AXS staked, bringing the total staked AXS to 58,501,523 (+10% ).

More AXS staked.
Here for over 6 years.
25,500 AXS for BB weekly.
The IP has expanded… pic.twitter.com/HhGbTFAqGi

— Nathan (@0xxNathan) October 13, 2024

Axie Infinity Expands Rewards and Gaming Ecosystem 

Furthermore, Axie Infinity keeps rewarding its community; the Bounty Board (BB) rewards scheme pays 25,500 AXS weekly total. Axie’s intellectual property has also expanded remarkably; a range of games under its name is being produced.

The introduction of seasons and monthly competitions regularly interacts players, therefore enhancing the value proposition for those engaged in the ecosystem.

Furthermore, CNF noted that Axie Infinity burned over 43 million SLP (Smooth Love Potion) via Meta Morph and Rune making in September, therefore reaching a major milestone.

A key component in preserving the sustainability of the ecosystem, these programs helped to produce a 1.25% annualized deflation rate. The deflationary policies have been successful in reducing inflationary pressure, therefore improving the platform’s general state of economy.

Beyond these advancements, as we previously reported, Axie Infinity’s decentralized apps (dApps) have been even more improved by its Chainlink Data Streams connection. This integration guarantees AXS real-time, verifiable market data, therefore assuring that platform execution is more distributed and safe.

Furthermore, Fortune Slips now has a 24-hour cooldown period, which gives players more chances to earn; the Bounty Board has also been improved for better performance and tracking.

Meanwhile, AXS is trading at roughly $4.79 at the time of writing; it has risen 1.68% over the last 24 hours, and its daily trading volume is roughly $31.27 million.