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

Since launching in 2018, 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.