The
Ronin blockchain network has been experiencing a major surge in active users, with daily utilization crossing 2 million. This influx was boosted by the
Tama Meme platform, run on
Ronin, becoming a hotspot for meme coins. Nevertheless, it hasn't been all smooth sailing: the network did face a significant exploit resulting in $12 million drained. A whitehat hack is suspected. These developments, while causing volatility, have also led to a price prediction suggesting that
Ronin's price might even double in the future.
Ronin is increasing its focus on
DeFi interactions and developer growth through bounties. The network is launching a $10 million grant to foster web3 development.
Ronin-based games like PIXEL are gaining traction, with PIXEL making the top ten most traded tokens post-launch. Significant partnerships for
Ronin are in the works, like tying up with Zentry to launch Ragnarok Landverse MMORPG in 2025. The network continues to contribute to the economy with stablecoin integration and further plans to scale web3 games.
In response to the network hack,
Ronin is securing its cross-chain bridge with Chainlink CCIP. The co-founder of Sky Mavis noted a surge in active users on
Ronin. Coins.ph, a Filipino crypto exchange, launched a stablecoin on the network. While the recent 'white hat' attack returned $10 million in ETH, the breach's implications loom large. An error in an upgrade deployment scripture was discovered to be the reason behind the bridge hack.
RONIN Coin News Analytics from Fri, 05 Nov 2021 07:00:00 GMT to Mon, 10 Feb 2025 05:00:00 GMT -
Rating 3
- Innovation 6
- Information 7
- Rumor -1
