Ronin (RON), a gaming-focused Ethereum (ETH) sidechain, has seen a “surprising” surge in address activity over the past month, market intelligence firm Nansen said.
Nansen note Ronin recorded 464,000 active addresses in November, up 368% from the previous month and the largest increase among all chains.
Ronin was launched in 2021 by Sky Mavis, the company responsible for the decentralized gaming protocol Axie Infinity (AXS). As a scalable solution, the project aims to accommodate millions of users every day.
The price of RON, the project’s native token, is $1.65 at the time of this writing. The 127th-largest cryptocurrency asset by market capitalization has risen about 230%% since trading at $0.50 in early November.
Earlier this month, Ronin announced integration with Binance Pay to make it easier for consumers to fund their wallets.
According to the project, Binance Pay was chosen because it has a mechanism for traders to access their funds on Binance and use them outside of the cryptocurrency exchange.
“Over the past few weeks, we’ve seen the question pop up again and again: ‘How do I onboard my funds to Ronin?’ Ramp’s Ethereum bridge and partners are a great place to start, but today we’re introducing another onboarding partner to the Ronin ecosystem: Binance Pay.
With Axie Classic daily active users (DAUs) soaring and Pixels taking the world by storm, this is a great opportunity to let family and friends know that funding their first Ronin wallet has never been easier.”
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney