KEY POINTS

  • The DeFi Kingdom (DFK) has defeated Axie Infinity in terms of volume
  • The game has approached NFTs with new concept of non-static playable characters
  • These characters are called "Heroes" which complete quests to earn new tokens

DeFi Kingdoms, a new project in the NFT industry, is bringing a new approach to the decentralized gaming, or the GameFi sector. It is offering a unique version of NFT tokens called "Heroes" which are playable characters that go on the hunt to gather other tokens. 

There is a huge difference between the traditional static NFTs and these "Heroes" because the latter gather experience by exploring and completing quests and can be equipped with "gear to increase their efficacy," The Defiant wrote. 

This special breed of NFTs is why the DeFi Kingdom (DFK) platform has grown to acquire $280.33 million out of a total $521.07 million Total Volume Locked (TVL) on the Harmony (ONE) Network, as of Friday, according to DeFiLlama.

The blockchain gaming industry is dominated by Axie Infinity (AXS) whose adoption rate has been stellar this year. The play-to-earn (P2E) capabilities of the platform remains unmatched. According to the data from Dapp Radar, DeFi Kingdom has surpassed Axie Infinity in terms of volume which currently rests at $28.38 million while Axie Infinity's volume rests at $26.74 million. 

"In this context volume means the amount of value flowing into a given decentralized application’s smart contracts, a Dapp Radar representative told The Defiant via Telegram," The Defiant reported. 

The number of DeFi wallets that are interacting with DFK had surged by a whopping 161.36% in the 14 days up to Dec. 12,  Samichpunch reported. Samichpunch is responsible for updating the analytics for the GameFi project.

"JEWEL, DFK’s primary medium of exchange, has held up well during the recent sell-off, jumping 9.6% in the last 24 hours and 37.9% in the last 30 days as of Dec. 14," said the report.

DeFi Kingdom DeFi Kingdom Photo: DeFi Kingdom (DFK)