The Ronin Network experienced a couple of security breaches and exploits resulting in substantial financial losses. However, these were addressed promptly, and stolen amounts were recovered in some instances.
Ronin has integrated with the gaming sector significantly, specifically Web3 games, drawing daily active users in millions. The network is being used in popular gaming platforms like Pixels and Rise of the Ronin, increasing its adoption and utility.
It's also pivotal in driving crypto implementation in the Philippines, adding the first regulated stablecoin PHPC to its blockchain. On the partnership front, Ronin entered into a strategic alliance with Polygon to upscale Web3 games. The network also collaborated with Coinbase for their Learn & Earn program, further promoting RON use and knowledge.
Contrarily, the Ronin network has occasionally lagged, with its price stuck in a descending triangle, as well as following its Binance listing. Nevertheless, Ronin seems to have a promising future ahead, given its consistent growth, high trading volume, and escalating staking milestones.
Lastly, the network faces potential rivalry since Bitcoin NFT's sales surpassed those of Ronin. Despite these challenges, the community remains optimistic about Ronin's recovery and advancement in the continually evolving crypto market.
RONIN Coin News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Wed, 18 Sep 2024 09:24:52 GMT -