RON | Ronin , The vagrant Samurai is back
2024-02-02
Category: gaming

After 650 million dollar bridge hack, Ronin did 1400% comeback in two years and now its ready to back in billionaires crypto club rank. Axie Infinity’s Ronin Network continues its recent rise following the launch of a new in game season and a sizable NFT sale

The price of RONIN aka RON just hit is $ 3 today with a 24 hour trading volume of 30 million dollar. This represents a 8% price increase in the last 24 hours and a 33% price increase in the past 7 days. with a circulating supply of 292 million RON, Ronin is valued at a market cap of 880 million dollar.

Ronin is an EVM blockchain specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title Axie Infinity which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over  SEED_TVCODER77_ETHBTCDATA:4B  in NFT volumes. Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games.

Created by Sky Mavis, the team behind Axie Infinity and backed by top investors like Accel, a16z, Binance Labs, Animoca Brands, Paradigm, Libertus, Mark Cuban.The RON Token is the ecosystem token for the Ronin blockchain which enables users to pay for transactions on Ronin and participate in securing the network via delegation to validators. Further utility is planned to be added via different Apps built on Ronin.

Ronin, an Ethereum sidechain designed for crypto games, has seen a recent rise in users and increased momentum tied in part to the success of Pixels, a social farming game that migrated from fellow Ethereum scaler Polygon last fall. The game’s play-to-airdrop campaign, which will reward top players with PIXEL tokens, helped fuel a surge in Ronin users.

the latest RON pump came after a couple of notable events in the world of Axie Infinity, the NFT based monster-battling game developer Sky Mavis originally built Ronin to support back in 2021.
the game’s play-to-earn economy began struggling in early 2022 and the Ronin network’s bridge to Ethereum was hacked for $650 million. Sky Mavis eventually repaid affected Ronin users and has since continued to evolve the Axie ecosystem, gradually onboarding more 3rd party game studios to the network.

between last year’s November and December, Ronin Network registered 1.3 million monthly active addresses, being the 7th blockchain with the most activity and showing 200% growth in network activity, the largest during the period.

Wen Binance ?  The Binance hot wallet has collected RON from thousands of wallets since January 26th and has currently collected 138k RON. This behavior sparked speculation about Binance’s listing of RON, leading to a 15% increase in 27 Jan. But it is more likely that Binance is collecting funds from users who mistakenly deposited RON over the past few years

Coinbase just announced the addition of Ronin to its listing roadmap which means Binance gonna do the same soon