Axie InfinityHe said that the Ronin bridge encountered an unknown issue that caused some functions to get stuck during transfers from the Ethereum Blockchain.
The Axie Infinity team claims there was no loss of funds but was stuck due to a recurring issue that occurred after reopening the Ronin bridge.
However, Ronin Network warned in a recent blog post that funds sent directly to Ronin Bridge’s contract addresses will be permanently lost.
Axie Infinity’s Ronin Bridge Struggles With Troubles After Reopening
Altcoins His team tweeted on July 2 regarding the recurring problems that occurred on the Ronin Bridge that caused some funds to be squeezed during transfers from the Ethereum Blockchain:
“We have identified the problem and are working on a solution. For the solution we need to do an update on the bridge. With the support of the validators, we have started the process and we expect the update to be released towards the end of next week.”
We have identified an issue with the bridge that causes some deposits from the Ethereum blockchain to become stuck. As a result, the funds are not delivered to your Ronin wallet but are not lost.
— Axie Infinity🦇🔊 (@AxieInfinity) July 2, 2022
Axie Infinity claims the issue has only occurred twice since the Ronin Bridge reopened. However, it seems difficult to predict whether such problems will occur in the future. However, according to the developers’ statement, after the planned update, the jammed funds can be transferred to the Ronin wallets they were determined before.
The latest development comes after Axie Infinity started land staking on July 1. 13,005 of 16,794 plots in the AXS universe were started to be staked on the platform. Some users stated on Twitter that staking transactions will have an inflation effect on the AXS token and the value of the token may decrease.
*Not investment advice.