Smooth Love Potion Price: SLP Live Price Today | Market Cap & Chart Analysis

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Live SLP Price Summary

As of July 4, 2025, the current price of Smooth Love Potion (SLP) is $0.00127676. Over the past 24 hours, SLP has seen a decline of -5.11%, with its trading volume remaining unreported. The cryptocurrency maintains a circulating supply of 35.96 billion tokens, ranking it #728 by market capitalization at $45.90 million.

In the last 24 hours, SLP reached a high of $0.00135695 and dipped to a low of $0.00125886. While not among the top-tier digital assets by valuation, SLP continues to play a crucial role within its native ecosystem—Axie Infinity—making it a point of interest for blockchain gaming enthusiasts and crypto investors alike.

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All-Time High and Low Prices

Smooth Love Potion reached its all-time high (ATH) of $0.399727 on July 13, 2021—a period marked by surging popularity in NFT-based gaming and decentralized finance (DeFi). This peak represented a staggering increase from earlier valuations, fueled largely by global demand for play-to-earn models during the pandemic era.

Conversely, SLP hit its all-time low (ATL) of $0.00106012 on June 23, 2025, reflecting ongoing challenges related to tokenomics sustainability and shifting player engagement within Axie Infinity.

The significant gap between ATH and current pricing underscores both the volatility and long-term risks associated with game-dependent utility tokens. However, it also presents potential opportunities for strategic investors monitoring ecosystem recovery efforts.

What Is Smooth Love Potion (SLP)?

Smooth Love Potion (SLP) is an ERC-20 utility token originally developed for Axie Infinity, a blockchain-based digital pet universe where players collect, breed, battle, and trade NFT creatures called Axies. Initially known as "Small Love Potion," the token was later rebranded and migrated to the Ronin blockchain—a sidechain optimized for fast, low-cost transactions tailored to gaming applications.

In Axie Infinity’s Arena Mode, players earn SLP by winning PvP (player-versus-player) battles. Previously, users could also accumulate SLP through daily quests and Adventure Mode. However, following updates starting in Season 20, rewards from Adventure Mode were removed to control inflation, and only experienced players now receive SLP from daily tasks.

This shift reflects broader efforts by Sky Mavis—the developer behind Axie Infinity—to stabilize SLP’s economy and extend the game’s longevity amid fluctuating market conditions.

Core Use Cases of SLP

The primary function of SLP is to enable Axie breeding. Each time a player wants to create a new Axie, they must spend a certain amount of SLP, with costs increasing exponentially based on the number of previous breedings:

An Axie can be bred up to seven times total, after which no further breeding is allowed. This hard cap helps prevent excessive supply growth and combats inflation within the ecosystem.

Importantly, every SLP token spent on breeding is permanently burned, removing it from circulation. This deflationary mechanism balances the inflationary nature of SLP rewards earned through gameplay, aiming to maintain economic equilibrium over time.

SLP Tokenomics Overview

Unlike many other cryptocurrencies, SLP had no presale or initial token distribution. Instead, all tokens are generated organically through in-game activity as rewards for player achievements.

This design makes SLP inherently inflationary, with new tokens entering circulation whenever players complete battles or objectives. However, the burning mechanism during breeding acts as a critical counterbalance.

There is no fixed maximum supply, though emission rates are adjustable via governance decisions made by Sky Mavis or future decentralized autonomous organization (DAO) input. Circulating supply currently stands at 35.96 billion SLP, with ongoing monitoring required to assess long-term sustainability.

Who Created Smooth Love Potion?

Trung Nguyen is the co-founder of Axie Infinity and the visionary behind Smooth Love Potion. In 2017, he left his software development career in the United States to focus full-time on building what would become one of the most influential blockchain games in history.

The following year, Nguyen co-founded Sky Mavis, the company responsible for developing Axie Infinity and managing its underlying infrastructure, including the Ronin blockchain and marketplace operations.

Under his leadership, Axie Infinity gained international recognition, particularly in Southeast Asia, where thousands adopted the play-to-earn model as a source of income during economic downturns.

How to Store SLP Safely

To securely hold SLP tokens, users should utilize compatible cryptocurrency wallets that support the Ronin network or Ethereum-based ERC-20 tokens (prior to migration).

Recommended options include:

Storing SLP on exchanges carries counterparty risk; therefore, transferring tokens to self-custody wallets after trading is strongly advised for long-term holders.

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Frequently Asked Questions (FAQ)

What is the current price of Smooth Love Potion (SLP)?

As of July 4, 2025, one SLP token is valued at $0.00127676. Prices fluctuate based on market demand, in-game activity, and broader crypto market trends.

How many SLP tokens are in circulation?

There are approximately 35.96 billion SLP tokens currently in circulation. The maximum supply is uncapped, but breeding burn mechanics help regulate net issuance.

Is SLP built on Ethereum or another blockchain?

SLP operates primarily on the Ronin blockchain, a sidechain developed specifically for Axie Infinity to reduce fees and improve transaction speed. It was originally an ERC-20 token on Ethereum before migration.

Can I still earn SLP by playing Axie Infinity?

Yes, but earning mechanisms have changed. Players can earn SLP through Arena Mode wins and limited daily quests—mainly available to experienced accounts. Adventure Mode no longer rewards SLP as part of economic rebalancing efforts.

Why did SLP’s price drop so significantly from its all-time high?

Several factors contributed to the decline:

Ongoing ecosystem adjustments aim to restore balance and incentivize sustainable participation.

Where can I buy or trade SLP?

You can trade SLP on major cryptocurrency platforms that list the token. After setting up an account and completing verification, you can purchase SLP using fiat or other cryptocurrencies.

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