Ronin Network Sees 93% Surge in Daily Active Addresses. Will RON Price Follow?
The game-focused Ronin network saw a 93% surge in daily active addresses (DAA) within the past two weeks, bringing its DAA to 2.05 million wallet addresses. Nathan, a Ronin brand ambassador, shared several factors that could have triggered the latest surge via X. Despite the metric surge, the network’s native crypto, RON, saw no significant price change, begging the question, will RON follow the surge?
.@Ronin_Network‘s DAA surged by 93%, adding 1,422,651 new wallets, becoming the Most Used Blockchain with 2.05M DAA, and this happened in just 14 days.
What has driven this remarkable growth?
Let’s dive in:
(1/6) pic.twitter.com/bUxXn2nwUt
— Nathan (@0xxNathan) July 28, 2024
Why Ronin DAA Metric Is Soaring
Nathan attributed Ronin’s DAA surge to several projects that onboarded the game-centric blockchain network. The first is Pixels, a Web3 farming game that recently joined the Ronin network. Between July 13th and 26th, the free-to-play game added 766,300 new wallets to its ecosystem, indicating that gamers are heavily interested in the game. Nathan said Pixels was the most played game on Ronin, with 5.8 million wallet addresses.
Another project that sparked Ronin’s adoption is Lumiterra, a multiplayer, open-world survival game enabling survival, crafting, farming, and exploration. After Lumiterra announced the daily giveaway of free Lumi Fragments, the platform experienced a surge in new wallets totaling 904,900. As a result, Lumiterra’s daily active addresses quickly rose to 682,911, making it the second highest after Pixels.
Additionally, Ronin has experienced notable growth partly due to the success of Wild Forest, a real-time strategy game. Since its launch in early July, Wild Forest has gained much attention. From July 13th to July 26th, the number of daily active addresses for Wild Forest grew by 158%, reaching over 55,000. During this period, Wild Forest added 52,800 new wallet addresses, raising its total addresses to over 100,000 on the Ronin blockchain.
Meanwhile, Ronin’s flagship game, Axie Infinity, gained 13,000 new wallets recently. These gaming projects join a slew of protocols already building on the Ethereum sidechain, Ronin.
Will RON Price Follow?
Ronin’s impressive metric regarding its daily active wallet addresses has yet to reflect on the blockchain’s native token, RON. Ideally, an increase in active wallets implies more on-chain activities, hence a potential rise in the value of the native token of the underlying blockchain.
At the time of writing, the token’s price sat at $2.036, representing a 0.55% decrease over the past 24 hours.
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