Market intelligence firm Nansen says that Ronin (RON), a gaming-focused Ethereum (ETH) sidechain, witnessed a “staggering” surge in address activity last month.
Nansen notes that Ronin clocked 464,000 active addresses in November, a 368% increase from the previous month and the largest percentage gain among all chains.
Ronin was launched in 2021 by Sky Mavis, the firm responsible for the decentralized gaming protocol Axie Infinity (AXS). The project, a scaling solution, aims to accommodate millions of daily users.
RON, the project’s native token, is priced at $1.65 at time of writing. The 127th-ranked crypto asset by market cap is up about 230%% since the beginning of November when it was trading at $0.50.
Earlier this month, Ronin announced it was integrating with Binance Pay to make wallet funding easier for consumers.
The project says Binance Pay was chosen because it has a mechanism that allows traders to access their funds on Binance and use them outside of the crypto exchange.
“Over the past few weeks, we’ve seen one question pop up again and again: ‘How can I onboard my funds to Ronin?’ While the Ethereum bridge and our partners at Ramp are a great place to start, today we’re introducing yet another onboarding partner into the Ronin ecosystem – Binance Pay.
As Axie Classic DAU (daily active users) surges and Pixels takes the world by storm, this is a great opportunity to tell your family and friends that it has never been easier to fund their first Ronin wallet.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
