Latest Smooth Love Potion (SLP) News Update

Deep Dive

1. @AxieInfinity: Binance 75x leverage fuels gaming token bullish

"SLP in 2025: Deflationary, capped supply, DeFi-gaming-meme hybrid"
– @AxieInfinity (2.1M followers · 12.4K impressions · 2025-07-23 20:20 UTC)
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What this means: Bullish for SLP because derivatives access attracts liquidity, though high leverage raises volatility risks. Open interest surged to $11.59M by July 28 (+25% weekly).

2. @Tokocrypto: 70% monthly rally sparks "Axie revival" hype mixed

"SLP bisa menuju $0.01! Tapi hati-hati fluktuasi cepat" (Translation: "SLP could hit $0.01! But watch rapid swings")
– @Tokocrypto (883K followers · 7.2K impressions · 2025-07-24 09:37 UTC)
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What this means: Mixed sentiment – bullish price action contrasts with warnings about gaming token dependency. Current RSI (1h/4h) shows neutral momentum at 54/49.

3. CoinMarketCap Community: Traders target $0.00238 reversal bullish

"Bullish candles suggest reversal – breakout above $0.00225 confirms trend"
– Anonymous trader (Post engagement: 366098803 · 2025-07-27 14:58 UTC)
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What this means: Bullish technical setup with +8% upside potential from current $0.00218, though stop-loss clusters at $0.00210 could trigger liquidations.

Conclusion

The consensus on SLP is cautiously bullish, driven by derivatives growth and Axie ecosystem activity, but haunted by its 2022 -98% crash history. Watch the $0.00222 resistance level – a sustained break could validate the reversal narrative, while Axie’s user metrics (breeding activity/SLP burn rate) remain critical for fundamental validation.

Deep Dive

1. Binance Lists SLP Perpetuals (23 July 2025)

Overview:
Binance Futures launched SLPUSDT perpetual contracts with 75x leverage, settling in USDT. This followed SLP’s July 2025 price rebound (+70% in 30 days) and aligns with Axie Infinity’s push to position SLP as a “deflationary gaming-meme hybrid.” Open interest surged to $11.59M post-listing.

What this means:
Bullish for SLP liquidity as derivatives markets attract short-term traders, but risky given high leverage amplifies volatility. The move signals Binance’s confidence in SLP’s trading demand despite Axie’s declining daily users (-82% from 2022 peaks). (Binance)

2. Axie IP Dispute Heats Up (20 May 2025)

Overview:
Sky Mavis accused Sui-based game Seed Go of replicating Axie Infinity’s NFT breeding mechanics and blob-like character designs. Seed Go’s SLOVE token mirrors SLP’s utility, potentially fragmenting Axie’s play-to-earn user base.

What this means:
Bearish for SLP if Seed Go gains traction, as competition could dilute Axie’s ecosystem dominance. However, Sky Mavis’ legal pressure may deter copycats, preserving SLP’s role in Axie’s $1.3B revenue-generating ecosystem. (Blockworks)

3. SLP Surges 70% in 30 Days (24 July 2025)

Overview:
SLP rallied from $0.0013 to $0.0022 in July 2025 amid rumors of an Axie Infinity breeding fee reduction and airdrop campaigns targeting SLP holders. Daily trading volume hit $203M, though 24h liquidations reached $96.78K during pullbacks.

What this means:
Neutral short-term – the rally lacks fundamental drivers beyond speculation. Metrics like RSI (undefined due to extreme volatility) and Fear & Greed (74/100) suggest overextension. Sustainability hinges on Axie’s user growth, which remains sluggish at 400K DAU. (Tokocrypto)

Conclusion

SLP’s trajectory balances exchange-driven liquidity against ecosystem risks, with Binance’s leverage play offset by Axie’s IP battles. Will Axie’s pivot to “Origin” (free-to-play) revive SLP utility, or will speculative trading drown out its original use case?

Deep Dive

1. Uniswap v3 Deployment on Ronin (Q2 2026)

Overview:
A proposal confirms Uniswap v3’s planned deployment on Ronin, Axie Infinity’s native chain, in Q2 2026. This includes $1.5M in liquidity incentives (50% from Ronin’s RON tokens, 50% from Uniswap DAO’s UNI).

What this means:
Bullish for SLP as deeper liquidity could stabilize its price and reduce slippage for breeders. However, success depends on Axie’s ability to attract non-gaming liquidity.

2. Ronin’s Ethereum L2 Transition (Q2 2026)

Overview:
Ronin aims to become an Ethereum-aligned Layer 2 by Q2 2026, enhancing cross-chain interoperability and reducing transaction costs.

What this means:
Neutral-to-bullish. Lower fees might revive SLP’s utility in breeding, but migration risks (e.g., technical delays) could temporarily disrupt Axie’s economy.

3. Atia’s Legacy Integration (2026)

Overview:
Axie’s upcoming MMO, Atia’s Legacy, may incorporate SLP for in-game mechanics. Current playtest access is limited to top guilds and Mystic axie holders.

What this means:
Bullish if SLP gains new use cases (e.g., crafting), but bearish if the token is sidelined for AXS or newer assets.

Conclusion

SLP’s roadmap hinges on Axie’s ecosystem growth, with liquidity upgrades and Ronin’s L2 shift offering mid-term catalysts. Monitoring Uniswap v3 adoption and Atia’s Legacy tokenomics will be key. Could Axie’s pivot to MMOs reignite demand for SLP, or will it remain constrained by historical inflation issues?

Deep Dive

1. Bounty Board Unification (21 July 2025)

Overview: Axie Infinity unified two daily quest systems into a single Bounty Board to simplify reward mechanics for SLP earners. This backend update aims to reduce fragmentation in task completion and token distribution.

The phased rollout consolidates quest tracking and SLP payouts, reducing redundant smart contract interactions. Players now earn SLP through a single interface, lowering friction for new users.

What this means: This is bullish for SLP because smoother reward systems could boost engagement and token demand. Reduced complexity may attract more players, supporting SLP’s role in Axie’s economy.
(Axie Infinity)

2. App.Axie UI Overhaul (29 July 2025)

Overview: Axie’s app received a mobile-first redesign, including enhanced profile popups and a revamped Axie Score leaderboard tied to SLP earnings.

The update optimizes SLP transaction flows for breeding and marketplace activities, reducing lag during high-traffic periods. Backend adjustments improve synchronization between Ronin Wallet and in-app SLP balances.

What this means: This is neutral for SLP as it focuses on usability rather than tokenomics. Smoother breeding processes could increase SLP burns, but adoption depends on player retention.
(Axie Infinity)

Conclusion

Recent updates refine SLP’s utility within Axie Infinity but lack transformative tokenomic changes. The Bounty Board unification strengthens core gameplay loops, while UI improvements target broader accessibility. Will rising engagement offset SLP’s inflationary supply dynamics? Monitor breeding rates and DAO governance proposals for clues.