NFT-based gaming giant, Axie Infinity has released its January journal on 16th January 2022, which teased some major updates. For one, the team is currently focused on building out the Project K trading feature that will facilitate players to trade various resources with one another. As per the blog post, the trading system will likely take more than a month to build. Concepts and 3D modeling for various assets such as buildings and items are also in progress.
Secondly, Origin [Battles V3] development has been pushing full steam ahead, with a target alpha test launch in the upcoming months. Most importantly, Origin will introduce new economic balancing features such as vertical progression of Axies which will provide much-needed sinks for the economy.
Lastly, the online video game giant is also launching a balancing patch for Season 20 in the coming days. It revealed that the team is planning to release this patch prior to the release of the season to ensure sufficient time for play-testing.
Axie Infinity’s gaming sidechain is bigger than many major layer 1s
According to a new research report led by blockchain analytics firm Nansen, Ronin, a layer 2 product from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than the Ethereum blockchain. And while that figure has since fallen back, the sidechain is still processing more than popular layer one networks such as Avalanche [AVAX] and Fantom [FTM].
Axie Infinity which is undoubtedly the crown jewel of crypto’s still-nascent “play-to-earn” field has raked in 2.8 million daily active users, which is why its sidechain Ronin is processing 40% more transactions than Avalanche, one of the most popular layer 1s by transaction volume.
In addition to that, Ronin users are engaging with advanced decentralized finance or DeFi functionality by depositing into trading platform’s liquidity pools and Axie’s staking module, despite having lower account balances- a trend that has a lesser possibility to follow on most layer 1s due to fees.