Ronin may be best known as the Ethereum sidechain network behind Axie Infinity, the P2E monster-fighting game that brought NFT gaming into the spotlight in 2021. But now Ronin is attracting attention. attention to other games – and online activity is surging after the launch of a game called Pixels last week.
According to data shared on X (Twitter) by Alex Svanevik, founder and CEO of cryptocurrency analytics company Nansen, the number of active wallet addresses on Ronin has tripled in recent days. As of early Wednesday, it showed a jump from more than 20,000 daily active wallet users to around 70,000.
Meanwhile, Ronin’s native token RON is surging, marking a 14% increase in the past 24 hours to its current price of around $0.68. RON continues to grow 37% over the past week and 62% over the past 30 days, although other gaming tokens have seen similar jumps in recent weeks.
Pixels, which was previously available on the Ethereum Polygon extension network before moving to Ronin, officially launched on the Axie network on October 31. The game recreates the feel of a classic 16-bit role-playing adventure, allowing Players navigate through a pixel art world as they interact with each other, farm the land, play mini-games, and earn token rewards.
It also allows owners of select NFT profile photo (PFP) collections to use their owned avatars in-game, with projects such as Bored Ape Yacht Club and CrypToadz supported.
Ronin, developed by Axie Infinity developer Sky Mavis, has brought additional games to the Ethereum extension network, including The Machines Arena, Zoids Wild Arena and CyberKongz Play and Kollect.
The Ronin network experienced a $622 million hack in March 2022, which the US Treasury Department later blamed on the notorious North Korean state-sponsored hacking group, Lazarus. Sky Mavis eventually refunded users’ stolen funds and recovered about 10% of the stolen funds transferred through centralized exchanges.
Axie Infinity’s own tokens have also increased in price in recent weeks, with the AXS governance token increasing 42% in the past 30 days to its current price above $6.17, while the SLP reward token has increased 71% in the past 30 days. that period to $0.002.
