I've been out of Destiny for a few months, so I don't know if this is an old thing, or something that's changed going into RoI? I noticed it straight away in PVT Crucible while we were ghost hunting, tho. Half-damage to anything not touching the ground, whether that's falling off a surface, standard jump, or class jump.
Since when? I knew you could slide under them, or emote to avoid damage altogether, but... eh?
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110 is the standard damage for a hit. But people have found many ways to juke an axion bolt. If you get close enough to make it detonate, and keep moving so that you move away from the explosion, you'll take less damage. People moving through the air often do this by accident, which may explain why you see this on airborne targets. I've seen low damage and full damage on airborne targets.