Fun

Gaming blockchain Ronin records 2M daily active users: Token Terminal

News Feed - 2024-07-29 08:07:30

Ezra Reguerra12 hours agoGaming blockchain Ronin records 2M daily active users: Token TerminalRonin blockchain surpasses every other blockchain in daily active users, recording a two million DAU count on July 29.2278 Total views8 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe Ronin network surpassed other blockchains in daily active users (DAU) as its gaming-dedicated ecosystem reached several milestones in 2024. 


On July 29, the onchain data platform Token Terminal showed that the Ronin network recorded a two million DAU count, surpassing other active blockchains like Tron (TRX) and Solana (SOL). Tron was in the second spot with 1.8 million active users, while Solana had 1.2 million users in the last 24 hours.Daily active users chart for blockchain networks. Source:Token Terminal


According to Token Terminal, its daily active users’ chart represents the number of distinct addresses interacting with business-relevant contracts. The data includes users transacting and engaging within the network.


Related:Sky Mavis recovers $5.7M from Ronin Bridge hackRonin’s ecosystem continues to expand


In its mid-year review published on July 23, the Ronin team highlighted factors that may have influenced the increase in active users.


According to Ronin, its growth in the first half of 2024 was partly driven by a surge in volume for its non-fungible token (NFT) marketplace called Mavis Market and the listing of the Ronin (RON) token on Binance. The Ronin team believes this gave users a “portal” into its “gamers country.”


The team also reported 12 million RON holders and over three million downloads for its Ronin Wallet. The network also highlighted that its ecosystem now has 15 playable games and noted that more games are being developed.Pixels migration and zkEVM plans


Pixels, one of the largest Web3 games by user count, also migrated to Ronin in February 2024. The network reported that the game’s monthly active users peaked at 1.7 million in June. According to Ronin, players spent over 15 million in Pixels (PIXEL) tokens for the game’s VIP coupons in the last 12 months.


Apart from gaming, the Ronin network also enhanced its technology stack. On June 18, revealed its plans to introduce Ronin zkEVM, a zero-knowledge (ZK) Ethereum Virtual Machine (EVM) layer-2 chain with a modified version of the Polygon Chain Development Kit (CDK).


According to Sky Mavis, the team behind Ronin, this will “further decentralize Ronin” using ZK-proof layer-2 rollups. The team also believes that it would prepare the network to handle billions in transactions in the future.


Magazine:Web3 Gamer: When Musk Empire listing? Find love in The Sandbox and more# Blockchain# Games# NFT# GameFiAdd reaction

News Feed

Amaka Nwaokocha13 hours agoAdobe, IBM, Nvidia join US President Biden’s efforts to prevent AI misuseAdobe, IBM, Nvidia and five other companies have joined the initiative, unveiled in July, aimed at preventing the misu
Bitpapa Enters Kenyan Cryptocurrency Market
Bitpapa Enters Kenyan Cryptocurrency Market press release PRESS RELEASE.In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces
Binance Obtains Regulatory Approval to Offer Crypto Products in Italy
Binance Obtains Regulatory Approval to Offer Crypto Products in Italy Crypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as
Bitcoin Alert: Here’s Why The Trump Inauguration Is A ‘Buy The News’ Event
Este artículo también está disponible en español. Bitcoin has fallen to a low of $92,508 on January 8 after previously hitting $102,357 on Monday, marking almost a 10% re
Brayden Lindrea5 hours agoXRP spike on hoax filing a ‘bad look’ but won’t sway SEC’s ETF approvalsBloomberg ETF analyst Eric Balchunas doubts the SEC will deny ETFs after XRP’s price spiked on a faked BlackRock
US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme
US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme Officials from the U.S., U.K., Canada, Australia, and the Netherlands hav
VAF Compliance Is a Forensic Service Provider That Can Help You Pass KYC/AML for Crypto Banking
VAF Compliance Is a Forensic Service Provider That Can Help You Pass KYC/AML for Crypto Banking sponsored At VAF Compliance a team of experts is ready to help with all of your virtu
Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC
Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC Kraken, a U.S.-based cryptocurrency exchange, has agreed to wi
Hong Kong issues generative AI guidelines for consumer protection
Arijit Sarkar46 minutes agoHong Kong issues generative AI guidelines for consumer protectionThe HKMA introduces new principles for using generative AI, emphasizing governance, transparency, and data protection in consume
Crypto payment service Payeer hit with record $10M fine in Lithuania
Christopher Roark3 hours agoCrypto payment service Payeer hit with record $10M fine in LithuaniaPayeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks.993 Total views14 Total
Biggest Movers: QNT Close to 2-Month High Despite Recent Declines, NEAR Moves Toward 1-Year Low
Biggest Movers: QNT Close to 2-Month High Despite Recent Declines, NEAR Moves Toward 1-Year Low QNT was trading close to recent highs on Wednesday, as prices were battling through
Bitcoin’s sell-off could put ETF shares on the discount rack
Alex O’Donnell1 hour agoBitcoin’s sell-off could put ETF shares on the discount rackBitcoin"s latest dramatic sell-off could present a rare opportunity for buyers to scoop up Bitcoin ETF shares at bargain prices.776