Splinterlands has had a lot of essential developments lately, and as the weeks progressed, the bullish signs became more pronounced. The signs I will mention in today's article are about the financial results.
Card Shortage In The Splinterlands Market
I've been playing Splinterland for six months and am gradually expanding my card collection. I'm battling in the champions league, so I need the full-level versions of the cards. Recently, there has been a shortage of cards, especially in the Untamed set. It is impossible to purchase max versions of ALMO CAMBIO, EPONA, THEOROSA NIGHTSHADE, LENSMASTER, SCALE DOCTOR, AGANJU, TWO GUN PETE, and CTHULHU. There is also no possibility of combining by purchasing lower versions because there are not enough cards on sale.
Moreover, the shortage of cards is wider than the Untamed set. Today I intended to buy one of the Riftwatchers cards, RUNIC SKYCLAW, but I couldn't find enough. In many Riftwatcher cards, two or three maximum-level cards are left in the market. I first noticed the card shortage two weeks ago. Prices have risen since then. Despite the rising prices, not enough cards go on sale.
DEC Batteries(DEC-B) Sold Out
DEC-B is one of the innovations offered to users in the Splinterlands ecosystem. DEC-B, a soulbound token, gives users a 20% discount on purchasing certain Splinterlands digital goods. 2,000,000,000 DEC-Bs, which went on sale on February 8, 2023, were sold out in less than two months. These sales resulted in over $1 million in fresh funding for the Splinterlands ecosystem. I bought 350,000 DEC-Bs last week. I use these DEC-Bs to purchase energy for battles in Splinterlands. DEC-Bs can also be used in the land game and purchasing card packs.
Plot Prices Increased By 40% In April
In the first days of April, the main features of the long-awaited Land game became active. Within the scope of the Land 1.0 version, land surveying and the ability to use land deeds features were activated. Thus, the Splinterlands metaverse became more flesh and bone. Excitement about Land caused Land Plot prices to increase by 40%. In addition, Totem prices have increased significantly.
RUNI Price Floor Exceeded $1000
In the fall, Runi, a special Splinterlands card, was available for sale on the Ethereum network. Pre-sale Runi cost around $330, including vouchers. In the following period, the first leg of the Runi project was completed, and Runi began to be used in Splinterlands battles. It has been announced in the past months that Runi will also have an essential role in the land project. In addition, the price of Ethereum has increased considerably. Thus, the Runi price exceeded $ 1000, providing a 3X return to the members of the Hive community who bought it from the pre-sale.
DEC Is About To Reach Its Price PEG
The digital assets of the Splinterlands ecosystem support each other. The Land game will come into play in the coming months, and developments such as DEC-B sales have brought 1000 DEC closer to the PEG level of 1 dollar. When I started playing Splinterlands last fall, 1 DEC was around 0.0006 USD. Today, the DEC price has reached $0.00097.
DEC, SPS, and Splinterlands cards have a solid financial relationship. In the Splinterlands card market, transactions are conducted through Splinterlands' stablecoin, DEC. Cards can be converted to DEC by burning them. It also allows purchasing SPS at a discount when the DEC price exceeds its PEG of 0.001. Thus, the SPS price rises. Since SPS is the game's reward token, this increases the value of the cards.
Conclusion
In Turkish, there is a proverb, "The cheese ship doesn't move forward with words." It states that building is more important than rhetoric. Development in Splinterlands continued unabated during the bear market. Despite this, Splinterlands assets depreciated last year. When the market stabilized in 2023, the cumulative effect of new infrastructures became visible. And while the bull market hasn't started yet, we are witnessing significant developments in the Splinterlands ecosystem. I believe that what we see is just the beginning.
Thank you for reading.
P.S. I am not a financial advisor. Please do your own research.
Image Source: Midjourney App
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