The current rise in the price of RON has caught the attention of the cryptocurrency market, with the Ronin token surging by more than 200% in the past month.
In its first nine months, Ronin has amassed 250,000 unique daily active addresses, $5 billion in total value locked (TVL), over 2 million wallet downloads, and 15% of all NFT transactions in the market.
The DEX Katana is the second most popular decentralized exchange among weekly active users and powers millions of in-game transactions.
Ronin: Gaming Blockchain is thriving amid market turmoil
Ronin (RON) is a blockchain designed for gaming that has gained significant traction in the cryptocurrency market. Launched by Sky Mavis, the creator of Axie Infinity, Ronin is tailor-made to optimize near-instant transactions and negligible fees, making it an ideal choice for Web3 games.
At the time of writing, the RON fell a paltry 0.2% over the past 24 hours but remained stable an impressive rally of 20% emerged in the past seven days as the sole survivor in the current crypto carnage, Coingecko data shows.
A look at the chart shows that the top 10 cryptocurrencies are bathed in crimson, with Bitcoin leading the biggest losers with a loss of almost 7%. Below, at 98th, is Ronin with a solid gain on the weekly timescale.
Source: Coingecko
In light of broader fluctuations and uncertainties within the cryptocurrency landscape, RON has not only weathered the storm but also shown a remarkable increase in value.
This commendable performance positions it as an outlier and defies the broader trends that have influenced various digital assets. Investors and observers alike can take comfort in RON’s relative stability and positive trajectory at a time when many other cryptocurrencies are experiencing increased volatility.
RON showing a strong performance in the weekly timeframe. Source: Coingecko
However, it is important to note that the cryptocurrency market remains inherently unpredictable, and the coming weeks and months promise to be attractive for Ronin followers eagerly awaiting the cryptocurrency’s next steps.
RON currently trading at $2.29908 on the daily chart: TradingView.com
Ronin Blockchain Crypto Wallet Update
Meanwhile, Sky has revealed Mavis an update for the cryptocurrency wallet on the Ronin blockchain. Support for multi-party computation (MPC), an in-app web browser, multi-chain support, and a redesigned appearance are among the new features.
Currently supported by the Ronin wallet are Polygon, Ethereum and Binance’s BNB Chain. The latest update allows customers to use one wallet to manage and move assets across many blockchain networks.
Users can access decentralized apps (dApps) and interact with blockchain-based services directly from the wallet using the in-app web browser of the latest version of the Ronin wallet.
Featured image from Shuttertsock
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