The Ronin network has surged ahead of other blockchains in daily active users (DAU) due to its thriving gaming ecosystem, reaching significant milestones in 2024. Data from Token Terminal on July 29 revealed that Ronin recorded two million DAU, surpassing active blockchains like Tron and Solana, which reported 1.8 million and 1.2 million users respectively in the last 24 hours. Token Terminal’s chart represents the number of distinct addresses interacting with business-relevant contracts, including transactions and engagements within the network.
Factors Driving Growth
In its mid-year review, published on July 23, the Ronin team outlined several factors contributing to the increase in active users. The team attributed its growth in the first half of 2024 to a surge in volume for its non-fungible token (NFT) marketplace, Mavis Market, and the listing of the Ronin (RON) token on Binance. These developments were perceived as providing users with a gateway into what Ronin referred to as its “gamers country.”
Additionally, Ronin reported having 12 million RON holders and over three million downloads for its Ronin Wallet. The network also emphasized its expanding ecosystem, which now boasts 15 playable games, with more in development.
Major Game Migrations and User Engagement
In February 2024, Pixels, one of the largest Web3 games by user count, migrated to Ronin. The network observed that the game’s monthly active users peaked at 1.7 million in June. Over the past year, players spent more than 15 million PIXEL tokens on the game’s VIP coupons, reflecting strong user engagement.
Technological Advancements
Beyond gaming, the Ronin network has made significant strides in enhancing its technology stack. On June 18, Ronin announced plans to introduce Ronin zkEVM, a zero-knowledge (ZK) Ethereum Virtual Machine (EVM) layer-2 chain, using a modified version of the Polygon Chain Development Kit (CDK). Sky Mavis, the team behind Ronin, stated that this initiative aims to further decentralize the network through ZK-proof layer-2 rollups, preparing it to handle billions of transactions in the future.
Impact and Future Prospects
The Ronin network’s impressive growth and technological advancements indicate a robust future for its gaming ecosystem. By leveraging blockchain technology to enhance transparency, efficiency, and user engagement, Ronin has positioned itself as a leader in the blockchain gaming space. The network’s continuous expansion and integration of new technologies suggest it is well-prepared to meet the evolving demands of the digital gaming market.
The strategic moves, including the integration of popular games and technological upgrades, are likely to attract more users and developers to the platform. As Ronin continues to innovate and expand its offerings, it sets a precedent for other blockchains aiming to create a comprehensive and engaging ecosystem for their users.
Overall, Ronin’s focus on gaming and technological innovation has not only boosted its user base but also demonstrated the potential of blockchain technology in transforming digital entertainment and transactions. The network’s achievements in 2024 highlight its commitment to providing a seamless and immersive experience for its users, paving the way for future growth and success in the blockchain industry.