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The potential approval of a Bitcoin spot ETF continues to drive momentum in the crypto market, benefiting NFT assets as well. It seems that even the GameFi sector is starting to recover.
Surge in Ronin Daily Active Users
According to data released by Nansen's CEO on November 8th, the daily active addresses on Ronin, the sidechain for the blockchain game Axie Infinity, grew from 20,000 to 70,000 in the first few days of November.
Ronin (RON) Sees a Fourfold Increase in a Week
CoinMarketCap data shows that Ronin's native token, RON, experienced a 16% daily increase, reaching a price of $0.7.
The weekly increase in RON (38.96%) is also significant, nearly quadrupling, with a total increase of 81% since mid-October.
However, despite this recent surge, it's worth noting that in March 2022, during a security incident, RON's price was $2.2, marking a 70% decline.
Pixels Boosts Ronin
Pixels, a well-established gaming platform, previously operated on Polygon. After migrating to Ronin on October 31st and officially launching, it attracted a significant influx of new players.
Pixels is an open, pixel-style virtual farming blockchain game that secured $2.4 million in funding, with participation from Animoca Brands and OpenSea. Users can earn the in-game primary currency, $BERRY, by completing specific tasks. |
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