Ronin token ‘$RON’ exceeds 1 million daily users on Binance

By Crypto Gloom On Dec 27, 2023

It is creating quite a buzz on cryptocurrency exchange platforms. BinanceDaily active users (DAU) of the Ronin Network’s native token ($RON) are quickly approaching 1 million.

The Ronin Network, an Ethereum-connected sidechain developed specifically for blockchain gaming, particularly the popular Sky Mavis game “Axie Infinity,” is seeing a significant surge in its user base, indicating growing interest in blockchain gaming.

Interestingly, these soaring numbers aren’t the only talking point. Binance’s inevitable listing of $RON is expected to bring a new wave of accessibility and liquidity, which will likely push the token to higher heights.

1M is the next magnet. pic.twitter.com/Zop5pNkT9C

— Jihoz.ron 🦌 (@Jihoz_Axie) December 27, 2023

Increasing Diversity in $RON

Launched in January 2022, $RON significantly addresses Ethereum’s high gas fees by facilitating cheap and efficient token exchanges through the decentralized exchange Katana. However, in March 2023, Ronin transitioned to a delegated proof-of-stake network, extending $RON’s utility to staking.

To interact on the Ronin blockchain, we recommend the “Ronin Wallet”, which provides secure transactions and efficient management of NFTs and Ronin-based applications. On December 1, Binance Pay was integrated into the mobile application for the wallet, facilitating seamless and direct fund transfers from users’ Binance accounts to their wallets and simplifying the process of acquiring gaming-related assets.

Driven by its convenience, Ronin is quickly becoming a hub for attractive and innovative blockchain games utilizing efficient transaction features. Games like Axie Infinity with Pixels; Machines ArenaBattle Bears Heroes and others are thriving on the network, each providing a unique experience to the gaming community.

With its Binance listing imminent, $RON is poised to become an even more significant player in the cryptocurrency space, ushering in a pivotal moment for the Ronin Network and its community. As enthusiasts and investors watch closely, Binance’s next chapter will likely reshape the landscape of blockchain gaming and decentralized finance.

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