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AXS, RON and SLP surge after Axie Infinity developers revamp the project’s tokenomics

Published 02/10/2022, 03:15 PM
Updated 02/10/2022, 05:00 PM

Since launching in 2018, Axie Infinity has amassed over 2 million daily active users (DAUs) and its decentralized exchange, Katana, has a market cap of $5.5 billion, but this growth has not come without challenges.

Axie Infinity’s in-game token, Smooth Love Potion (SLP) decreased nearly 93% from it's all-time high in July 13, 2021 of $0.39 as it faces uncontrollable inflation. As such, the team has announced it will significantly remove SLP issuance from the game, making it harder to farm.

SLP token price. Source: Nansen.ai
SLP burn/ mint rate. Source: Nansen.ai
Average daily in-game mint of SLP. Source: Axie Infinity
Leaderboard AXS rewards allocation. Source: Axie Infinity

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