According to on-chain analysis platform Nansen, Ronin Network (RON) experienced a 33.18% increase in transactions in the last 24 hours. The total number of transactions reached 2.55 million, indicating increased user engagement. This increase raises curiosity about the future potential of the network and whether there will be an increase in the price of RON.
Ronin Network
Nansen reported a significant 33.18% increase in transactions on the Ronin Network in the last 24 hours. This increase signals the intensification of activities in the ecosystem and the potential for future growth.
This transaction increase reinforces RON’s position in the blockchain space and stands out thanks to its strong connection with the popular game Axie Infinity. Ronin has 1.22 million daily active addresses and Total Value Locked (TVL) on the network is recorded at $1.2 billion. Although it only supports 15 games, Ronin’s low fees and scalability have made it the blockchain of choice for gaming and decentralized finance (DeFi) projects.
RON Price Future
Ronin Network (RON) price is trading at $2.36, up 8% in the last hour. In the last 24 hours, its price fluctuated between $2,049 and $2.36. The token has seen an impressive 35% increase in its value in the last week and an impressive 80% increase in the last month. According to Coinglass data, a significant increase was observed in derivative transactions.
With a market cap of $824 million and a 24-hour trading volume of $56 million, RON has attracted significant interest in the market. The token’s recent performance and increase in network transaction volume indicate increasing bullish sentiment around the Ronin ecosystem. If the current momentum continues, the RON price has the potential to rise further.
Going forward, Ronin Network is expected to transition to a permissionless blockchain in the first quarter of 2025. This change will further expand the ecosystem and support the growth of the network.
As a result, transaction growth on the Ronin Network and RON’s price performance underscore the future growth potential of the network. The expansion of the user base and upcoming network enhancements could paint a positive picture for RON.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
