What is Ronin (RON) and What Makes It Unique?

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Bittime - This article will reveal the power of Ronin (RON) as a major Play-to-Earn force. Read more in the following description!

What is Ronin?

Ronin is a blockchain built on the Ethereum Virtual Machine (EVM) and has carved out its niche in the play-to-earn (P2E) gaming landscape. More than just a platform, Ronin is an ecosystem designed to support P2E experiences and facilitate a seamless in-game economy. Axie Infinity, the pandemic-era sensation that took the Philippines by storm, is Ronin's flagship game and proof of its success. In its first month, Axie Infinity saw a 300% month-over-month increase in NFT trading volume, a 180% increase in unique NFT traders, and a 131% spike in daily active battlers, demonstrating the platform's potential.

Beyond Axie Infinity

Ronin's impact goes far beyond Axie Infinity. In its first nine months, the platform has achieved impressive milestones: over 2 million wallet downloads, Total Value Locked (TVL) exceeding $5 billion, a daily active user base of 250,000 unique addresses, and a 15% share of total NFT market transactions. Decentralized exchange, Katana, stands as the second most popular DEX based on weekly active users, highlighting its role in facilitating token trading within the Axie Infinity ecosystem.

The Idea Behind Ronin

Sky Mavis, a technology-focused game development studio founded by Jeffrey Zirlin and Alexander Leonard Larsen, brings Ronin to life. Mr Zirlin, a Yale graduate, has dedicated the last four years to building Sky Mavis, while Mr. Larsen has extensive experience in the blockchain space since 2017. He played a key role in founding Sky Mavis and Axie Infinity, leading the companies through multiple rounds of funding.

What Sets Ronin Apart?

Several key advantages propelled Ronin to the forefront of the P2E scene. These advantages include the following.

Speed ​​and Affordability

Ronin offers lightning-fast transactions, with confirmations occurring within 2-3 seconds. This fast speed is essential for fast-paced games like Axie Infinity, ensuring a smooth and uninterrupted gaming experience.

Bridging the Gap

Ronin Bridge empowers users to withdraw their Axie holdings to Ethereum mainnet, unlocking the potential to monetize their in-game earnings and freely exchange tokens for other cryptocurrencies.

Lowering Barriers to Entry

Recognizing the need for inclusivity, Ronin offers a fiat on-ramp and native wallet, making it easier for newcomers, even those with limited crypto experience, to participate in the ecosystem.

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Ronin's Future Opportunities

Ronin's impressive track record and commitment to innovation positions it as a major force in the P2E space. As demand for immersive and rewarding gaming experiences continues to grow, Ronin's ability to provide a robust, user-friendly platform with a vibrant community will be key to its continued success.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn  Complete Guide How to Buy Crypto on Bittime .  

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

Also Read:

Getting to Know NFT Tickets: Unique Trading Potential

How to Get Free Tokens from Airdrop Ronin (RON)

Ronin (RON) Price Prediction: Can RON Gaming Token Maintain Momentum?

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.