- Axie Infinity’s Ronin DEX is now live.
- Players can now swap their SLP into wETH, AXS, or USDC with ease.
- The launching of Ronin DEX has caused a massive surge in AXS and SLP prices.
NFT game hit Axie Infinity’s Ronin decentralized exchange (DEX) has gone live. The new function has set the game’s native tokens Axie Infinity Shards (AXS) and Smooth Love Potion (SLP) soaring high.
SLP/USDT 1-hr chart (source: TradingView)
As seen on the chart above, SLP price has surged from $0.06 to $0.08 in a matter of hours. Likewise, the surge is also evident in AXS price.
AXS/USDT 1-hr chart (source: TradingView)
The price pump has caused a massive trading volume on these assets. Through the Ronin DEX, Axie Infinity players and crypto traders can now swap between various tokens seamlessly.
Ronin DEX can be accessed here: https://katana.roninchain.com/#/swap
For those who may not be aware yet, Ronin is an Ethereum-based sidechain used by Axie Infinity. With the launching of its decentralized exchange, players can now swap SLP, which can be earned by playing the game, into AXS and Wrapped Ether (wETH). Furthermore, they can also swap the token directly into US dollars through USD Coin (USDC).
At the time of writing, AXS price is at $159.26, while SLP price is at $0.08, according to CoinGecko.
