The metaverse is Unbanked Newsletter For a weekly level up on the NFT and on-chain frontier
Dear unbanked nations,
We’re back with our first regular post of 2024!
Today we are back with a refresh of the chain restaurant Ronin. ruling I am currently playing a cryptocurrency game.
Let’s loosen Ronin’s pulse and talk. why It’s thriving, and here are a few things to watch out for in the future!
-WMP
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ronin It is a Layer 1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM) launched by the Sky Mavis team in 2021 as an on-chain hub for the growing Axie Infinity game family.
Currently, Ronin is by far the most active gaming chain in the cryptocurrency economy, boasting hundreds of thousands of daily active users (MAU) and extensive trading volume levels.
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After the Lazarus group Ronin Bridge was used. In March 2022, some people wrote that Ronin was doomed. However, Ronin has since made an impressive comeback, fueled by advancements to the Axie Infinity gameplay experience and the chain becoming a destination for non-Axie games.
Sky Mavis launch in April 2022 Axie Infinity: OriginsA major overhaul of the main Axie title that revealed new mechanics such as free starter Axies, equippable charms, and more.
Since then, Sky Mavis has announced a new vision for the basic Axie experience (axi core), Axie progression system (AXP) and Axie parts upgrade mechanism (Evolution of parts) and various other minor updates.
New alternative Axie titles have also recently entered the ecosystem, including: Guardian of Lunasian Land, motherland, Project Tand beam.
Collectively, these various advancements have deepened and broadened the possibilities for Axie gameplay, providing ecosystem players with a more engaging experience than ever before.
Another major factor in Ronin’s resurrection is how the chain becomes the game’s destination rather than Axie’s.
This dynamic of inclusion has proven to be a reciprocal flywheel. These non-Axie games benefit from Ronin’s infrastructure and large and very active player base (aka the “Ronin effect”), while Ronin gets more activity and users and becomes a much more attractive hub. Crypto games.
Of course, the biggest example by far is: pixel. Pixels is a social farming sim that moved from Polygon to Ronin in October 2023, and has since been booming with daily active users (DAU) reaching over 100,000 players. $PIXEL airdrop scheduled.
Other titles have also made progress in making the leap to Ronin, including recent new releases such as: Apayron and Zoid Wild Arena. The steady growth of non-Axie titles has made Ronin more appealing to a wider range of gamers as the gameplay possibilities have become more diverse.
The expansion mentioned above helped fuel Ronin’s 2023 comeback, and the chain now boasts more daily active users than popular L2 Arbitrum, Optimism, and Base combined. Last year, Ronin noticed the following:
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🔼 TVL increased by +262%. ($40M ~ $145M)
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🔼 $RON rises +469% ($0.32 ~ $1.82)
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⏫ +1,370% increase in daily trading volume (68k~1M)
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⏫ Monthly active users increased +1,450%. (145k~2.25M)
With the continued evolution of the Axie Infinity ecosystem and the appeal of non-Axie titles, Ronin is poised for success in the near future. gambling side of things.
So the most important question about the current chain is how it will evolve. infra There is also the need to scale up to meet future demand.
To this end, Ronin Research Director Phuc Thai noted in a recent blog post:Solving Ronin’s Blockchain Trilemma,” the chain’s engineers are currently exploring both monolithic and modular scaling technologies: parallelized transactions and zk rollups of the zkEVM variety.
That said, while nothing has been officially decided yet, the Sky Mavis team has expansion in mind and is already taking steps to make the Ronin of Tomorrow a reality. Please keep an eye on these development plans accordingly.
If you would like to learn more about the latest Ronin ecosystem, please refer to the following resources:
additionally, DeFiLlama and token terminal Ronin provides a useful dashboard that you can use to track current and past activity indicators around you.
Ronin is turning out more and more stable games and, in my opinion, earned an S-tier title in Axie Infinity: Origins. There are users and there are statistics. The move to Delegated Proof of Stake (DPoS) last year doubled down on decentralization and security by having more validators. And there is a promising path forward, as evidenced by Sky Mavis’ current scaling research.
Ronin’s resurgent success is therefore not just a story of resilience, but also a precedent for the potential of L1 and L2 to specialize and dominate niche markets (e.g. cryptocurrency gaming).
But it’s also worth noting that Ronin seems poised to evolve over time into a more holistic ecosystem where more than just games are booming. Indeed, we have seen hints in this direction in recent cases. Cyber Kongz Genkai (PFP) launch Ronin Name Service (Decentralized Identity) and The emergence of impossible finance (Game Pie).
So overall? Please pay attention to Ronin this year. The chain is riding a big tailwind and has significant momentum right now. This is a work to watch out for in 2024!
William M. Feaster is the creator of metaverse — Bankless newsletter focused on the emergence of NFTs in the cryptocurrency economy. He also serves as a senior writer for the Bankless newsletter.
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