Axie Infinity’s SLP Token Surges 74% Amid Launch of Ronin DEX

November 06, 2021, 10:30 AM AEST - 3 weeks ago

Katana, the decentralised exchange (DEX) for Ronin – Axie Infinity’s sidechain for Ethereum that allows users to easily swap various assets within the Axie Infinity ecosystem – is now live and $SLP has enjoyed a price pump as a result.

Ronin Facilitates Token Exchanges on the Sidechain

The launch of the Ronin DEX will make it easier for Axie Infinity players to swap tokens directly on the sidechain itself, without players having to bridge tokens to Ethereum, thus reducing transaction fees.

Axie gamers can now quickly and easily swap between AXS, SLP, USDC and WETH on Ronin’s DEX Katana.

The Axie Infinity SLP token has pumped 74 percent since Katana’s launch, reaching almost US$0.13 per token, according to CoinGecko.

Axie Infinity has been leading the P2E (Play-to-Earn) blockchain gaming sector. As Crypto News Australia reported last month, ASX, Axie’s native token, surged over 80 percent in just 30 days.

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