Smooth Love Potion (SLP) is an Axie Infinity game token used in the game’s economy. Axie’s current support guidance says in-game SLP can be claimed and minted on-chain through the App.Axie portal, and used in-game to craft runes and charms.
Market Data
| Stat | Value |
|---|---|
| Ticker | SLP |
| Price | $0.000535 |
| Market Cap | $19.38M |
| 24h Change | -2.8% |
| Circulating Supply | 36.20B SLP |
| Policy Cap (Announced) | 44.00B SLP |
| All-Time High | $0.40 |
| Contract (Ronin) | 0xa875...2014 |
How SLP Is Used
SLP has an in-game form and an on-chain token form. Axie’s support documentation says eligible in-game SLP can be claimed and minted through the App.Axie portal. SLP that is already on-chain must first be deposited into the game before it can be used for crafting. The support page describes crafting runes and charms; it does not promise that a particular gameplay mode will always award SLP.
This distinction matters because game rules and reward availability can change. Older descriptions often focus on earning SLP through battles and spending it to breed Axies. Those historical mechanics should not be treated as a complete description of the current game.
Tokenomics
SLP is a utility and reward currency within the Axie ecosystem. Its supply can change through game emissions and in-game sinks such as crafting. In a January 2024 monetary-policy announcement, Axie Infinity said it was targeting a 44 billion SLP cap enforced through a social commitment and in-game emission mechanisms, rather than by changing the token contract. The same announcement described a buyback and stability fund and a 2% deflation target. Those were policy statements at that time; the announcement alone does not establish that the target is currently being met or that every fund operation remains active.
The table’s SLP supply values are a CoinGecko snapshot. The 44 billion figure is the policy cap described by Axie, not a hard-coded maximum supply in the token contract. SLP has no guarantee of a stable price or of future gameplay rewards.
History and Context
SLP became widely known during the 2021 play-to-earn period, when Axie Infinity’s player economy drew users who earned and spent game assets. That period also exposed the difficulty of keeping reward issuance in balance with player demand. Axie’s later monetary-policy announcement framed SLP as a reward currency whose emissions and sinks need to be managed around use in the game.
Risks and Limits
SLP’s usefulness depends on Axie game rules, player demand, marketplace access, and token liquidity. The token price can move sharply, and a game asset is not the same as a guaranteed wage or investment return. Check current Axie support guidance before relying on a particular way to earn, claim, or use SLP.
Related Terms
See Also
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Sources
- Axie Support: Smooth Love Potion (SLP) — Updated January 2026; explains claiming in-game SLP and using it for rune and charm crafting.
- Axie Infinity: Updates to SLP’s Monetary Policy — The January 2024 policy announcement describes the 44 billion social cap and the proposed stability-fund mechanics.
- CoinGecko: SLP market data — Supplies the changing price and circulating-supply fields shown in the snapshot table.
Last updated: 2026-10