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The Fall of Defy Kingdoms
nOnce again, one of the profitable games has faced the problem of game economy disruption and is trying to balance its economy.nhe DeFi Kingdoms project token named Jewel has lost almost 90% of its value compared to its highest price in January. The incalculable rewards that are given to the players based on the Jewel Token in this game, now that there is no news of the influx of new players, has caused pressure to sell the Jewel Token in the markets.nnIn addition, the discovery of a new vulnerability that will allow players to unlock their locked tokens early has also affected the price of Jewel. According to Frisky Fox, the developer of Defy Kingdoms, users have discovered that they are able to unfairly increase their mining rate by transferring locked gems between multiple accous. This vulnerability allows more heroes in the game to mine locked gems at the same time.nhe amou of tokens that have eered the game due to this vulnerability is much lower compared to legally mined jewels; However, the price of the Jewel token has been greatly affected by this incide. Over the past night, Jewel has dropped 21% to its lowest price of $2.55. It was only 4 mohs ago that Jewel was trading at its historical price ceiling of $22.25. Although an update to address the vulnerability is expected to be released later today, Jewel’s price chart shows no signs of abating its mohs-long dowrend.
nDefy Kingdoms game token price in hourly viewnnAccording to DappRadar data, over the past moh the number of active players of Defy Kingdoms has halved, from 30,000 on March 31 (11 April) to almost 15,000 people now. The number and volume of transactions has also decreased in the same way. This situation is not unique to Defy Kingdoms. Several other blockchain games such as Axie Infinity and Crabada have also faced a sharp decrease in users and activity in rece mohs.nnAlso read: 11 Metaverse projects and income-generating games in 2022 that you should keep an eye oIn its heyday, Defy Kingdoms was considered one of the most established blockchain games. Digital currency influencers such as Ansem regularly praised the game and its growth. While the expansion of the Crystalvale realm increased the hype around Defy Kingdoms, however, with a dedicated developme team as well as the game’s rece launch on the Olunch subnet, the game’s token is performing well in the curre dwindling cryptocurrency market. It has not been good. It is not yet clear whether the game will be able to attract its lost users again in the future.nn
