Summary
TLDR: Ronin, a gaming-centric Ethereum scaling network, reached a new all-time high price of $4.45 before slightly dropping to $4.31. The surge is attributed to the rise of Pixels and continued support for Axie Infinity. Ronin is also onboarding more developers and games, with one game offering a free NFT mint event. PIXEL and AXS tokens have also seen significant increases in price.
Key Points
1. Ronin, a gaming-centric Ethereum scaling network, reached a new all-time high price of $4.45 on Monday, marking a 12% increase for the day and a 53% surge over the past seven days.
2. The rise in Ronin’s price is attributed to the success of Pixels, a social farming game built around NFTs and the PIXEL token, which has seen significant growth in daily active users since its launch in February.
3. Ronin is expanding its ecosystem by onboarding more developers and games, such as the role-playing adventure game Kaidro, which will offer a free NFT mint event for Ronin wallet holders to claim exclusive in-game rewards.