- Ronin achieved a 93.43% rise in daily active addresses, moving up to the third most-used blockchain.
- November saw Ronin’s RON stakers grow to 484,540, with Total Value Locked increasing by 28.95% across its ecosystem.
Looking back on November, Ronin Network reached a number of benchmarks that would help to solidify its place in the blockchain gaming sector into December. These important changes and indicators highlight Ronin’s industry leadership.
Ronin debuted its data analytics capability on Dune so users could examine specific project data from its network. The network also received WalletConnect Gold Certification, honoring Ronin Wallet for its adherence to high UX and security criteria.
Reflecting its community-driven approach, the Ronin Community Collections Vote let RON hodlers select top collections for the site.
November – The remarkable growth of the @Ronin_Network ecosystem, filled with victories and recognition for the leading gaming ecosystem!
Dive into Ronin's success with impressive statistics and key events from November in my November Ronin Report.
This November report covers:… pic.twitter.com/Xh9q0y0D8y
— Nathan (@0xxNathan) December 10, 2024
Impressive Growth in User Activity and Transactions on Ronin
Ronin’s daily active addresses (DAA) shot up by 93.43% in November, rising from 648,098 to 1,253,653. On Ronin, gaming chains saw a similar rise; DAA climbed by 94.03%. Though monthly active addresses (MAA) showed a little 1.58% decline from October, these indicators helped Ronin climb from fifth to third among the most often used blockchains.
Daily transactions up 30.38%—1,181,656—show considerable increase in transaction activity as well. Comprising 32.15 million transactions, gaming chains saw a 4.01% rise over October.
Financial data show that trade volumes across Katana and the larger market increased remarkably in November. While the marketplace volume climbed 52.8%, hitting $5.73 million, Katana noted $241.3 million in trading volume—a stunning 103.28% growth. At $4.51 million, up 52.89% from the month before, the GameFi ecosystem also flourished.
Also, Ronin’s address count grew dramatically and included almost a million fresh wallets. Projects like Pixels, Wild Forest, and Lumiterra drove this expansion, proving the attraction of the ecosystem to a wide spectrum of gaming environments.
Strengthened Financial Metrics and Enhanced Network Security
In November, the value of RON showed a notable rise—59.71%. Rising to $169.05 million, the Total Value Locked (TVL) over the network increased by 28.95%. Bridge TVL also climbed to $230.7 million, therefore bolstering Ronin’s financial basis even further. Rising by 42.87% to $5.74 million, the Ronin Treasury mirrored this upward trend.
With 1,504 more stakers added, the amount of staking activity kept rising—484,540. A new validator also joined the network, therefore strengthening its security and decentralization. These developments are matched by the network’s deployment of Chainlink’s CCIP, selected by Ronin Validators following a competitive vote to improve asset security, as we previously reported.
Ronin’s Global Recognition and Future Expansion Plans
Globally, November’s successes were acknowledged as Ronin took first place in Best Ecosystem at the 2024 GAM3Sgg Awards. This recognition emphasizes how well the platform can draw top-notch games and offer strong backing for their success. Fableborne’s transfer to Ronin highlights the dominant ecosystem in blockchain gaming’s position.
Ronin is getting ready for more development ahead, including forthcoming TGE initiatives and the introduction of permissionless capability in Q1 2025. These developments are supposed to keep their momentum and draw even more gamers and developers.
Meanwhile, as of writing, Ronin’s native token, RON, is swapped hands at about $2.04, a 2.10% rise over the last 24 hours and a 32.70% increase over the last 30 days.
