The potential approval of Bitcoin spot ETFs continues to fuel momentum in the crypto market, with NFT assets benefiting from the upward trend. Now, signs of recovery are emerging in the GameFi sector as well.
Ronin Network Sees Explosive User Growth
According to data shared by Nansen's CEO on November 8, daily active addresses on Axie Infinity's sidechain Ronin surged from 20,000 to 70,000 in early November.
"People sleeping on @Ronin_Network are about to wake up."
RON Token Rallies 40% in a Week
Per CoinMarketCap data, Ronin’s native token RON spiked 16% in 24 hours, reaching $0.70.
Here’s a breakdown of RON’s recent performance:
- Weekly gain: 38.96% (~40%)
- Since mid-October: 81% increase
However, RON remains 70% below its all-time high of $2.20 (March 2022), when the Ronin Bridge was hacked.
👉 Learn more about the Ronin hack and its impact
Pixels Game Boosts Ronin Adoption
Pixels, a long-running blockchain game, migrated from Polygon to Ronin on October 31—triggering a fresh wave of players.
What is Pixels?
- Genre: Open-world pixel-art farming game
- Backers: Animoca Brands, OpenSea (raised $2.4M)
- Gameplay: Players complete tasks to earn $BERRY, the in-game currency.
"Pixels is officially live on @Ronin_Network! This release is massive…"
FAQ Section
1. Why is Ronin’s user base growing suddenly?
The migration of Pixels, a popular blockchain game, has attracted new players to Ronin. Increased activity in Axie Infinity also contributes.
2. Is RON a good investment now?
While RON has shown strong gains, it’s still far below its ATH. Investors should research market trends and project fundamentals.
3. What’s next for Ronin?
Expect more GameFi projects to migrate, leveraging Ronin’s low fees and Axie Infinity’s established ecosystem.
👉 Explore Ronin’s latest developments
Risk Disclosure:
Cryptocurrency investments are highly volatile. You may lose your entire capital. Always assess risks carefully.