Small Love Potion (SLP) Price Skyrockets 100% as Axie Infinity Launches Ronin DEX

Small Love Potion (SLP) is up a whopping 100% in the past 24 hours. The massive games come on the back of Axie Infinity, the project, part of whose ecosystem SLP is, launching a decentralized exchange.

• Play-to-Earn continues to be a dominating field in the cryptocurrency industry, and today is just another proof of it.
• Small Love Potion is a token part of the ecosystem of Axie Infinity. In fact, it’s the cryptocurrency that players earn while playing the game, and it can also be used to breed new Axies.
• Over the past 24 hours, SLP’s price has gone up a whopping 100% before retracing a bit to where it currently trades.

Chart by TradingView

• There are a couple of reasons that might explain the staggering surge of SLP.
• First things first, the broader play-to-earn ecosystem is growing considerably in the past week following Facebook’s decision to rebrand to Meta and focus on building the metaverse.
• This alone led to the increase in some cryptocurrencies such as SAND and MANA.
• On the other hand, though, Axie Infinity announced today that it has launched Katana – the Ronin DEX.

Today, we take one step closer to a more prosperous future for our nation

Katana, the Ronin Dex, is live!

You can now deposit liquidity and swap tokens. RON rewards will be activated for the AXS/ETH & SLP/ETH pools later this week.

Full article https://t.co/4vD5PLp4F5 pic.twitter.com/QXmEs5YfOj

— Axie Infinity (@AxieInfinity) November 4, 2021

• The exchange will be activating RON rewards for the AXS/ETH and SLP/ETH pools later throughout the week, and it’s entirely possible that investors are loading up in anticipation.