Gaming Blockchain Ronin (RON) Sees Significant Increase in Active Addresses
According to market intelligence firm Nansen, Ronin (RON), an Ethereum sidechain focused on gaming, experienced a remarkable surge in address activity last month. Nansen reports that Ronin had 464,000 active addresses in November, which is a 368% increase compared to the previous month and the highest percentage gain among all chains.
About Ronin and its Native Token RON
Ronin was launched by Sky Mavis, the company behind the decentralized gaming protocol Axie Infinity (AXS). The project serves as a scaling solution and aims to accommodate millions of daily users. RON, the native token of Ronin, is currently priced at $1.65. It has seen a significant increase of about 230% since November when it was trading at $0.50.
Ronin Integrates with Binance Pay for Easier Wallet Funding
Ronin recently announced its integration with Binance Pay to simplify wallet funding for users. The decision to choose Binance Pay was based on its mechanism that allows traders to access their funds on Binance and use them outside of the crypto exchange. This integration provides a more convenient way for individuals to onboard their funds to Ronin.
Hot Take: Ronin’s Address Surge Reflects Growing Interest in Gaming Blockchain
The significant increase in active addresses on Ronin reflects the growing interest and adoption of gaming-focused blockchain solutions. As more users join platforms like Axie Infinity and explore the potential of blockchain technology in gaming, the demand for scalable and efficient solutions like Ronin is likely to continue rising.
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