The altcoin project listed by the cryptocurrency exchange Coinbase is pioneering in its sector.
The Ronin Network (RONIN), recently listed by Coinbase, has turned into a rising star. According to Token Terminal, Ronin’s user base has increased by over 700% since the beginning of 2024.
The increased interest is attributed to the Binance-backed Web3 based gaming project Pixels (PIXEL). According to DappRadar, last month 1.2 million unique users conducted transactions on PIXEL through the Ronin Network.
Jeffery Zirlin, growth lead at Sky Mavis, the company behind the Ronin blockchain, emphasized the importance of PIXEL for the industry in an interview with CoinDesk Global:
Some people thought that crypto games would only take off when the industry’s energy was pumping the best games, a bit of nostalgia, a pixelated farming game – not a masterpiece like Red Dead Redemption II.
Pixels was initially launched on the Polygon (MATIC) network but moved to the Ronin network months ago. The Ronin network, which hosted a similar web game called Axie Infinity (AXS) during the last bull run, garnered significant interest.
According to CoinGecko data, PIXEL and RONIN experienced a performance increase of 4% and 12% respectively in the last 24 hours.
