Disclosure: Delphi Ventures has invested in AXS and YGG. Members of our team also hold AXS and Axie NFTs. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only, and you should not make decisions based solely on it. This is not investment advice.

Key Takeaways:

  • Cheaper breeding has resulted in a large supply of Axies with 3-4 breed counts, as they become incrementally more expensive to breed with each additional breed. 
  • Floor prices of Axies generally increased towards the start of June due to an influx of demand from new players, but have stabilized back down as breeders start to meet their needs. On the other hand, floor price of mystic 1 and 2 Axies appreciated while Mystic 3 and 4 Axies remained flat.
  • Plant, Aquatic, and Beast are the top 3 most used types in the Arena, which correlates to their supply dominance of the total Axie population. Aquatic, Plant, Bird and Beast have relatively similar win-rates of ~47% in S17 Arena.
  • Scholarships help onboard Scholars by loaning them 3 Axies to use in return for a cut of their SLP earnings. Scholarships provide a win-win solution as it turns idle Axies into yield-

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