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#blockchain #ronin #crypto #telegram #GameFi #DeFi
Executive Summary:
- Ronin is a game-centric Ethereum sidechain launched January 29, 2024. It was initially created to solve some issues for the game Axie Infinity, and it was developed as a long-term scaling solution.
- total value locked (TVL) on Ronin is currently $122.09 million, only 8.3% of its peak at $1.47 billion at the end of 2022, representing a massive drop of 91.7%. Katana DEX accounts for nearly 100% of the chain’s market value.
- The daily number of active wallet addresses on Ronin continued to rise in July, surpassing Polygon on July 15 to take the top spot. As of mid-September, Ronin still holds first place. Since late July, Polygon has been declining, now in third place, while BNB Chain has remained stable and risen to second place.
- Ronin’s market value and trading volume have been gradually declining since June, even though the number of active wallet addresses has been increasing.
- Based on daily active users, Pixels is now ranked first, surpassing the previously popular Axie Infinity. Since the game launched in January, its transaction volume remained stagnant until late June, when it began to rise. Until July, it stabilized at a high level. The reasons for Pixels’ recovery and stability after a sharp decline in short-term transaction volume are as follows:
The release of…
