Generating considerable buzz on the cryptocurrency exchange platform binanceDaily active users (DAU) on the native Ronin Network token ($RON) are quickly approaching the million mark.
Ronin Network, an ethereum-pegged sidechain developed specifically for blockchain games, particularly for the popular Sky Mavis game “Axie Infinity,” is seeing a significant increase in its user base. This increase in DAU not only signifies the growing interest in blockchain gaming, but also the growing trust and engagement in the Ronin Network ecosystem.
Interestingly, these rising numbers are not the only topic of conversation. The inevitable listing of $RON by Binance is expected to generate a new wave of accessibility and liquidity for the token, likely propelling it to greater heights.
1M is the next magnet. pic.twitter.com/Zop5pNkT9C
— Jihoz.ron (@Jihoz_Axie) December 27, 2023
The growing versatility of $RON
RON, Ronin Network's native token, launched in January 2022, significantly addresses ethereum's high gas fees by facilitating efficient and low-cost token swaps through the Katana decentralized exchange.
March 2023 marked Ronin's transformation into a delegated proof-of-stake network, expanding RON's utility to betting. Users now participate in $RON staking with network validators, reaping rewards and increasing their versatility within the ecosystem.
To interact on the Ronin blockchain, the “Ronin Wallet” is recommended, which offers secure transactions and efficient management of NFTs and Ronin-based applications. On December 1, the mobile wallet app integrated Binance Pay, facilitating direct and seamless fund transfers from users' Binance accounts to their wallets, simplifying the process of acquiring gaming-related assets.
Due to its convenience, Ronin is quickly becoming a hub for engaging and innovative blockchain games, taking advantage of its efficient transaction capabilities. Games like Axie Infinity, along with Pixels, The Arena of Machinesand Battle Bears Heroes, are thriving on the blockchain network and each offer unique experiences to the gaming community.
With the imminent listing on Binance, $RON is poised to become a bigger player in the cryptocurrency space, marking a pivotal moment for the Ronin Network and its community. As enthusiasts and investors watch closely, $RON's next chapter on Binance seeks to reshape the landscape of blockchain gaming and decentralized finance.
They want more? Connect with nft Plazas
Join the weekly newsletter
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=();t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)(0);s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js?v=next’);
