In part one of this report series, we analyzed the strong fundamentals of Axie Infinity, one of the fastest growing games in crypto. In this second half, we’ll dive deeper into the game mechanics, highlight recent results from the battle arena, analyze the utility of SLP and assess current trends in the marketplace. We’ll also explore how Axie Scholarships are changing lives by enabling play-to-earn models.
Small Love Potion (SLP) is a token used in the Axie ecosystem, and has two main functions. SLP is earned (Minted) through gameplay and spent (Burned) through breeding of Axies. The recent increase in breeding activities has caused SLP to deflate momentarily as more SLP was burnt from breeding than minted from gaming.