Generating significant buzz on the cryptocurrency exchange platform Binancethe number of daily active users (DAU) on the Ronin Network’s native token ($RON) is quickly approaching the one million mark.
Ronin Network, an Ethereum-linked sidechain developed specifically for blockchain gaming – specifically for the popular Sky Mavis game ‘Axie Infinity’ – is witnessing a significant increase in its user base, indicating the growing interest in blockchain gaming .
Interestingly enough, these rising numbers are not the only topic of conversation. The inevitable listing of $RON by Binance is expected to bring about a new wave of accessibility and liquidity, likely propelling the token to greater heights.
1 M is the next magnet. pic.twitter.com/Zop5pNkT9C
— Jihoz.ron ???? (@Jihoz_Axie) December 27, 2023
The increasing versatility of $RON
Launched in January 2022, $RON significantly addresses Ethereum’s high gas costs by facilitating cheap and efficient token swaps through the Katana decentralized exchange. However, March 2023 marked Ronin’s transformation into a delegated Proof-of-Stake network, expanding the utility of $RON to include staking.
To interact on the Ronin blockchain, the “Ronin Wallet” is recommended, which provides secure transactions and efficient management of NFTs and Ronin-based applications. On December 1, the wallet mobile application integrated Binance Pay, allowing smooth and instant money transfers from users’ Binance accounts to their wallets, simplifying the process of acquiring gaming-related assets.
Thanks 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, in addition to Pixels, The Machine Arenaand Battle Bears Heroes, among others, are thriving on the network, each offering unique experiences to the gaming community.
With its upcoming listing on Binance, $RON is poised to become a more significant player in the cryptocurrency arena, marking a pivotal moment for the Ronin Network and its community. As enthusiasts and investors watch closely, the next chapter on Binance looks set to reshape the landscape of blockchain gaming and decentralized finance.
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