Definite Kingdoms is currently a good DeFi/GameFi project in the crypto market. The game launched a couple of months ago and is currently valued at around $400 million TVL. At its peak in January 2022, players and investors held their assets in DFK in the amount of about $ 900 million. But not everything is so rosy, because the ecosystem constantly fed its holders with huge percentages of APY with promises, reaching numbers up to 5%. Therefore, it can be noted that DFK is otherwise quite a risky investment as it suffers from the same volatility as the rest of the crypto market and DeFi platforms. It should be noted that the project Definite Kingdoms does not have serious backers and this is another reason to consider the game extremely risky for investments.
December 6, 2021 Definite Kingdoms оpublished an article on Medium, which talked about cooperation with AvaLabs, development team Avalanche. In DFK it was confirmed that the new world crystalvale will give players many new features and resources. According to the chief engineer Avalanche, on launch day DFK:Crystalvale Network Avalanche there was a 30% increase in transactions. crystalvale is a $CRYSTAL token that is unique to the subnet DFK on Avalanche. At the moment, users can provide liquidity in various pools and receive rewards in $CRYSTAL tokens. The JEWEL/XJEWEL pool reached 4% per annum in the first days after the launch.
The total transaction value of Synapse (the bridge protocol) used to move assets to the new subnet was a record $330 million, more than double the previous record of $157 million.
Definite Kingdoms - a game that many pay attention to, and a successful bridge to the new network, is the argument for other games, and why not? DFK showed that when such a bridge event occurs, investors and players are in principle ready and even happy to move along with the game to a new chain.
If other games still decide to take such a step and follow in the footsteps DFK, each new subnet in the blockchain chain Avalanche will affect the increase in the total market capitalization of the AVAX token. Each new subnet will in turn help increase the impact Avalanche to more games and ecosystems, which can improve the network's position in the crypto space.
In general, there is some feeling that something from this project may work out, but this is just a feeling, it does not reach serious projects yet, but maybe this is a hidden gem. Who knows. Again, there are no interesting backers (maybe for now). The Avalanche blockchain in GameFi and P2E is not as popular. But there is something in it. #DYOR
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