Coinbase listing propels RON to soar by 11%
After being listed on Coinbase, the native token of Ronin Network, RON, has experienced a significant surge of over 10%. The token reached a high of $4.12 on March 21. This listing announcement was made by the Ronin Network team in a blog post. They stated that the listing comes at a time when Ronin Network is experiencing high daily activity, with active addresses increasing by over 500% since February. This surge surpasses the previous peak during the Axie Infinity craze in 2021.
Ronin Network, launched in early 2021 by Sky Mavis, is a blockchain platform specifically designed for play-to-earn on-chain activities. The network has already released a collection of web3 games, including popular titles like Axie Infinity, Pixels, and Wild Forest. These games give players the opportunity to earn cryptocurrencies and non-fungible tokens (NFTs) through their on-chain activities.
Eliza Crichton-Stuart, the head of operations at GAM3S.GG, emphasized in a post that Ronin’s recent increase in on-chain activity may be attributed to the engagement across various games, particularly Pixels. Pixels has gained popularity with 619,000 daily active unique wallets. The game incorporates a crypto token economy, along with NFT-based land plots and pets. Originally developed on the Polygon network, Pixels made the transition to Ronin Network last autumn, significantly boosting the platform’s adoption. As previously reported by crypto.news, this migration led to a substantial increase in daily active users on Ronin, rising from approximately 20,000 last autumn.
Read more: Ronin hackers have transferred some stolen funds from Ethereum to the Bitcoin network.
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