One on the HarmonyBlockchain gaming altcoin based gaming has rebounded over 95% in the past seven days, while the rest of the crypto markets have stagnated.
The blockchain-based game DeFi Kingdoms (DFK) is a new competitor in the GameFi niche that combines Decentralized Finance (DeFi) with the Metaverse.
DFK players buy non-fungible tokens (NFT) Characters called “Heroes” who can be used to go on quests or adventures to earn more tokens or upgrades.
The heart of the DFK economy is the JEWEL token, which is used for buying NFTs in the game, staking and voting in governance. ONE, Harmony’s native token, is used for gas charges.
Data from analytics website DeFi Llama shows that JEWEL’s dominance on Harmony, a blockchain focused on promoting a decentralized economy, is now 58.82%. The gaming altcoin accounts for $ 343.98 million of the blockchain’s total value (TVL) of $ 584.2 million.
DeFi Kingdoms is also the sixth largest blockchain game in the last 30 days, according to DappRadar. Last month, the project reached over $ 894 million in volume, which is the total value of incoming value for the decentralized app’s smart contracts. The game also attracted 241,210 new users over the same period, which is an increase of 466%.
JEWEL has emerged as an outlier for the broader crypto markets in the past seven days, nearly doubling while Bitcoin, Ethereum and others traded sideways or trended downwards. JEWEL rose from a seven-day low of $ 6.47 on December 13th All time high from $ 12.80 on December 20th with gains of 97% in one week.
At the time of writing, JEWEL is valued at $ 11.12, roughly 13% below its all-time high.
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Source: Crypto News Deutsch