The company launched in 2018 and has since accumulated over 2,000,000 daily active users (DAUs). Its decentralized exchange Katana has a market capital of $5.5 Billion, however, this growth has been not without its challenges.

Axie Infinity’s in-game token, Smooth Love Potion (SLP) decreased nearly 93% from it’s all-time high in July 13, 2021 of $0.39 as it faces uncontrollable inflation. The team announced that it would significantly reduce SLP issuance in the game. This will make it more difficult to farm.