The current axie economy is not balanced. There is >2x more SLP being created than being burned through breeding. If the devs do nothing, SLP is on the road to $.01. This is a fact for anything with 2x more supply than demand.
This is why Jiho (Axie founder) announced that they are changing the way SLP is rewarded. Some people are angry that “better” axies will earn more than floor axies (they already do anyway), but the entire economy is at risk if they don’t step in.