Ronin Coin (RON), a cryptocurrency designed for gaming, is attracting increased interest. It operates on the Ronin Network, which recently reopened its bridge after a $10M exploit was resolved, boosting the community’s faith in the network.
Despite some challenges, including being victim to white hat hacks, the
Ronin Network has displayed resiliency by reclaiming $12 million in digital assets. Further, it integrates the Philippines' first regulated stablecoin, PHPC, expanding global adoption.
The network counts gaming blockchain Pixels and Sky Mavis, a gaming-focused technology company, amongst its allies. Its web3 social gaming on the Ronin Network is gaining users daily. Scaling efforts include integrating zkEVM for gaming and the unveiling of a web3 early access program.
However, amid the bright spots, the coin has also faced criticisms. A major concern was an exploit leading to a loss of over $11M, blamed on an error in upgrade deployment script. The network has been strained due to a somewhat rocky Binance token listing. There is also debate over RON’s price stability with the rise of new ICO planting the idea of an imminent crash.
Despite challenges, the
Ronin coin and its corresponding network appeal to many gaming enthusiasts. The future continues to look promising with the launch of the Ronin Network’s Layer 2 zkEVM Testnet. Binance also recently launched Pixels (PIXEL), a Social Web3 Game, on the Ronin Network.
RONIN Coin News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Tue, 01 Oct 2024 15:52:48 GMT -
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