Axie Infinity’s Ronin Network Sees 300% Surge in Addresses, Token Pumps Over 10%

The blockchain housing the popular Axie infinity crypto game, Ronin Network, announced a 300% surge in daily active addresses (DAU). In a tweet on Thursday, the Ronin network stated the milestone, highlighting that the accomplishment came from a partnership with new allies over the past few weeks.

The activity surge impacted the price of Ronin’s native token, RON, as it surged over 10% to $0.846 for the first time since June. Although it gave out much of its gain, RON continued trading above $0.8 as of press time.

New Participants Boost Activities

Ronin stated that two new game studios, Pixels.xyz and Zoids Wild Arena, moved to its network in the past few weeks. The network now has eight gaming projects, having partnered with Wild Forest, Battle Bears, the Machines Arena, Tribesters: Island of Solas, Axie Champions, and Bowled.io.

The latest gaming studio added to the network, Pixels.xyz, gained traction with its migration to Ronin as its daily active users crossed the 100,000 mark for the first time this year. The instant hit boosted Ronin’s monthly active users (MAU) from 160,000 in October to 267,000, with Pixels.xyz accounting for almost 50% of users.

Way Back?

The play-to-earn game has experienced dwindling gaming activities on its network after its hack in March 2022, coupled with declining Web3 usage following a prolonged crypto winter. Ronin was one of the biggest crypto games and had over 2 million daily users at one time last year.

Ronin closed October with 20,747 DAU, an all-time low for the once-popular Web3 game. However, the network’s DAU is already up 300% this month, recording 68,200 users on average daily. With improving market conditions, gamers might as well rekindle interest in earning crypto while unlocking adventures.