This Altcoin Jumped After Coinbase’s Listing News: Will the Rise Continue?

ronin The Network’s native RON token gained 11% to $4.12 on March 21 after Coinbase listed the token. The listing comes amid Ronin’s high daily activity, with active addresses rising over 500% since February, surpassing its previous peak during the Axie Infinity craze in 2021, the network team said in a blog post. Ronin Network;

coinbase has seen explosive growth this year as interest in web3 continues to grow. Many of its users may be discovering web3 for the first time.” he stated.

Launched by Sky Mavis in early 2021, Ronin Network is a blockchain designed specifically for playing and winning on-chain. So far, the network has released a bunch of web3 games like Axie Infinity, Pixels, and Wild Forest, allowing players to earn crypto and non-fungible tokens (NFTs) for on-chain activities. recognized.

GAM3S.GG’s operations manager, Eliza Crichton-Stuart, emphasized in a post that the recent increase in Ronin’s on-chain activity could be due to interaction in various games, especially Pixels, which has 619,000 daily active unique wallets.

Reminiscent of classic farming games like Harvest Moon and Stardew Valley, Pixels offers NFT-based land parcels and pets, as well as a crypto- It also integrates the token economy. Originally developed on the Polygon network, the game migrated to the Ronin Network last fall, significantly boosting adoption of the platform. This transition led to a significant increase in the number of daily active users on Ronin, which rose to nearly 20,000 last fall.


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