Axie Infinity 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.
The Altcoin team tweeted on July 2 regarding the recurring issues that occurred on the Ronin Bridge that caused some funds to be squeezed during transfers from the Ethereum Blockchain:
"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 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.
At the time of writing, Axie Infinity (AXS) price changed hands at $13.94, according to CoinGecko data, while Axie Infinity (AXS)'s 24-hour trading volume was $121,381,437. Axie Infinity (AXS) price is down -1.2% in the last 24 hours. There are 83 Million Axie Infinity (AXS) coins in circulation, with a total supply of 270 Million Axie Infinity (AXS) coins.