bullish

Value

Ronin

Axie Infinity

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ronin-network-sees-surge-in-transactions" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ronin Network Sees Surge in Transactions</a><br></p>
<p style="text-align: justify">Recent data from the blockchain analytics service Nansen highlights a substantial increase in activity on the Ronin Network (RON), with transactions rising by 33.18% in just 24 hours. This uptick has propelled the total number of transactions to an impressive 2.55 million, sparking interest in the network’s evolving dynamics and potential price implications for RON.</p>
<h2 id="what-are-the-key-insights-from-ronin-network-s-performance">What Are the Key Insights from Ronin Network’s Performance?</h2>
<p style="text-align: justify">The notable transaction growth underscores a vibrant ecosystem, suggesting that Ronin Network is gaining traction among users and developers alike.</p>
<p style="text-align: justify">Ronin’s association with the widely popular game Axie Infinity has significantly bolstered its profile in the blockchain arena. The network currently supports 1.22 million daily active addresses and boasts a Total Value Locked (TVL) of $1.2 billion, despite catering to just 15 games. Its competitive transaction fees and scalability have positioned it as a preferred blockchain for gaming and DeFi applications.</p>
<h2 id="how-is-ron-s-price-expected-to-perform">How Is RON’s Price Expected to Perform?</h2>
<p style="text-align: justify">As of now, RON’s trading value stands at $2.36, marking an 8% rise in the last hour alone. Over the past 24 hours, the price has varied between $2.049 and $2.36, indicating a remarkable 35% increase over the week and an 80% rise in the past month. Additionally, Coinglass data reveals a surge in derivative trading, pointing to growing market interest.</p>
<p style="text-align: justify">With a market capitalization of $824 million and a daily trading volume of $56 million, RON is attracting considerable attention. The simultaneous increase in network transaction volume and <a href="https://en.bitcoinhaber.net/pepe-coin-sees-surge-in-investor-interest" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> performance suggests a bullish outlook for the Ronin ecosystem. Should this momentum carry on, RON could see further price growth.</p>
<p style="text-align: justify">Looking ahead, the Ronin Network is set to evolve into a permissionless blockchain by the first quarter of 2025, which is expected to enhance its ecosystem and user engagement.</p>
<p style="text-align: justify">The transaction surge and favorable price movements for RON signify a positive trajectory for the network. Key points include:</p>
<ul>
 <li>33.18% increase in transactions within 24 hours.</li>
 <li>RON trading up by 80% over the past month.</li>
 <li>Transition to permissionless blockchain anticipated in early 2025.</li>
</ul>
<p style="text-align: justify">The recent trends indicate a thriving ecosystem for Ronin Network, promising a bright future for its development and user engagement.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/ronin-network-sees-surge-in-transactions" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ronin Network Sees Surge in Transactions</a></h5>

Ronin Network Sees Surge in Transactions

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