Ronin, the gaming-focused blockchain platform, has been the subject of numerous developments and events. The platform's Decentralized Exchange, Katana DEX, is set to launch an upgraded v3 version with reduced rewards while the Ronin Bridge experienced a pause and restart after $12M was drained in a whitehat hack. In the wake of debates between memecoins and altcoins, a co-founder of Ronin criticized what he labeled as 'inductive fallacy.',
The Ronin Network integrated the first regulated stablecoin of the Philippines, PHPC, and later, it saw the debut of the Philippine Peso Stablecoin on its network. Despite enduring multiple exploits resulting in losses over $11M, there is optimism about Ronin's future growth including expectations that the RON price may surge 2x in 2024.
CDK was tapped by Ronin to scale Web3 gaming, and Binance listing saw Ronin's price take a near 30% tumble. Several successful recoveries were documented such as Sky Mavis reclaiming $5.7M from Ronin Bridge hack. Nevertheless, Ronin managed to top daily active users charts with a gaming ecosystem surge. Amid these events, there has also been a resurgence of the Ronin Blockchain driven by Pixels Crypto Game and RONIN Coin, with $RON rewards launched by
Coinbase and Ronin.
Moreover, Ronin was exploited for $9.8M in ETH, suspected to be the work of a white hat hacker, but a subsequent 'white hat' attack saw the return of $10M in ETH. In views of innovation, Ronin introduced its Layer 2 Journey and zkEVM Testnet alongside the launch of its Web3 Early Access Program. Following the Binance listing controversy, transparency measures are underway as the crypto industry anxiously waits to see Ronin reclaim its momentum post exploit.
RONIN Coin News Analytics from Sun, 28 Jan 2024 08:00:00 GMT to Wed, 13 Nov 2024 10:39:38 GMT -
Rating 1
- Innovation 6
- Information 5
- Rumor 2
