Since lvl 14, I have been doing a max of 29 damage when somebody gave me a swiftblade of zek. Now, I am lvl 20 and doing the same damage with my slashing. . . max 29. It seems like with my increase in other stats like str and dex, I should be gaining small damage each time I level? This leads me to believe the damage is based entirely on my weapon? Some enlightenment would be great, thanks in advance!
You'll do more damage with that same weapon as you level up. There's a multiplier that comes into play, plus your Damage Bonus will go up, raising your minimum damage. Higher str & such raises your "atk" stat, which makes you hit for a higher average, but doesn't move your max hits at all.
you're probably hitting the max hit with current weapon. it will start to go up soon. this is why faster weapons are better at lower lvls. swiftblade is a great wep that early.
There are also some other factors, such as how fast you hit, and your choice of weapon. Remember always that damage per second is more important than damage per hit.
A bit late on the response end, but at your current level (at the time of your post), the one thing that's hindering your damage is the damage cap at lower levels. Once you get a bit higher, you'll start noticing a large jump in damage (I think the damage cap raises every 5ish levels or so until a certain point. I know 30 was mentioned but that I cannot confirm).
