When it comes to blockchain games, Axie Infinity is naturally inevitable. When doing the year-end inventory of 2021, we saw that Axie Infinity’s governance token AXS ranks 29th on the cryptocurrency market value rankings (302nd at the beginning of the year), which properly “grows face” to the chain game track. Odaily noticed that there is another blockchain game recentlyDeFi Kingdomssecondary title

Excellent performance in many aspects of data

DeFi Kingdoms (can be translated as DeFi Kingdom) is a Play to Earn game developed based on the Harmony blockchain. It will be launched in August 2021. The recent data in various aspects can be described as quite impressive. According to its official data, the TVL of DeFi Kingdoms broke through the $1 billion mark, and the market value of the native token JEWEL rushed into the top 100 of the cryptocurrency market value. According to data from DappRadar, the trading volume of DeFi Kingdoms exceeded 1 billion US dollars on the 30th, surpassing Axie Infinity at one point, ranking first in the GameFi category. The number of DeFi Kingdoms users has grown by 300% in the last month.

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DEX in game clothes

On the surface, DeFi Kingdoms is a simple pixel retro game, but behind it lies a complex and regular financial world. The uniqueness of DeFi Kingdoms compared to other play to earn chain games is that it is developed and produced from the perspective of DeFi. It is not only a fantasy pixel style game, but also a DEX, a liquidity pool, and an NFT market driven by utilities. Below we Let’s analyze this DeFi Kingdom from the game elements such as JEWEL token, DEX, garden, bank and NFT assets (heroes, equipment, land) of DeFi Kingdoms.

1. JEWEL token

JEWEL is the native token of DeFi Kingdoms, which can be used in the game for liquidity mining, purchasing NFT heroes, purchasing equipment, restoring physical strength, accelerating construction speed, and DAO governance (many functions are still under development). It is also a governance token.

2. DEX

The core of DeFi Kingdoms is the decentralized exchange of the UniswapV2 protocol, but its front-end interface is different from the DEX we usually use. In DeFi Kingdoms, it appears in the image of a Teller (teller) pixel person, and it is convenient to interact with this NPC. Can enter the transaction interface. Players can exchange tokens at the current exchange rate through DEX, and can also add liquidity to the token pool to become a liquidity provider. With these qualities, DeFi Kingdoms DEX beats Curve and SushiSwap in attracting TVL on Harmony One.

3. Garden (liquidity pool)

The garden in DeFi Kingdoms is equivalent to a liquidity pool. LP tokens can be pledged in the garden to obtain JEWEL rewards. The Druid pixel man in the garden is the embodiment of liquidity mining. Interacting with him can enter the transaction of liquidity mining interface.

4. Bank (pledge)

In the bank, JEWEL tokens can be pledged as xJEWEL tokens. The bank will regularly purchase JEWEL tokens from the service fees earned from DEX, and part of each in-game transaction fee will also be turned over to the bank, so the value of xJEWEL will always be high at JEWEL. Unlike farms, pledged tokens have no withdrawal fees or unlocking periods, just like real-world bank checking deposits.

5. Tavern (NFT Marketplace)

Players can buy, sell and rent hero NFTs in the tavern. Players can also upgrade their heroes and then sell them to others at a higher price. This is a common profit-making model.(There are many kinds of hero NFTs, with different genes, occupations, rarity, functions, etc.)

In addition to the elements mentioned above, there are also buildings, land, etc., which are generally the same as other play to earn games, so I won’t introduce more.

DeFi Kingdoms is more like DeFi and NFT markets in essence, but these are all carried out in the form of games. It makes DeFi and NFT transactions as interesting as games. This design can be described as ingenious.secondary title

Multi-chain development

Another difference of DeFi Kingdoms is that it did not choose Ethereum, Solana and BSC commonly used in the industry to build, but chose Harmony (very low transaction fees). Defi Kingdoms recently received a $1 million grant from the Harmony Foundation.

In December 2021, DeFi Kingdoms announced the opening of the multi-chain mode, and will expand to the Avanlanche network in January 2022, on which the new token Crystal will be used (xJEWEL and Gen0 hero holders will have airdrop and lottery rights ). Avanlanche currently surpasses Harmony by an order of magnitude in TVL, and it is a larger ecosystem for DeFi Kingdoms.

DeFi + NFT market + blockchain game + multi-chain development, DeFi Kingdoms has skillfully combined various gameplays of the encryption circle, and has achieved good results, and the future can be expected.