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@0xafonsoRonin Blockchain Overview (Since October 2024)
Flipside AI
Ronin blockchain demonstrates impressive network health with 94.9 million total transactions, averaging 1.25 million daily transactions and maintaining a high 98.7% transaction success rate. The platform boasts 4,812,525 total unique users, with an average of 63,323 daily active users, and features 24,570 deployed smart contracts with an average of 3,601 transactions per contract. The network shows significant growth potential, with monthly transactions spiking 40x from 1.2 million to 45.9 million between October 2024 and January 2025, while maintaining low transaction fees averaging 0.00191 $RON.
Ronin Blockchain – A Gaming-Focused Layer 1 Blockchain
Ronin is a Layer 1 blockchain built specifically for gaming and designed to provide fast, low-cost transactions. Developed by Sky Mavis, the creators of Axie Infinity, Ronin was initially launched as a sidechain on Ethereum in 2021 to address the scalability challenges of blockchain-based gaming. In 2024, Ronin transitioned into a fully-fledged Layer 1 blockchain, enabling greater decentralization, security, and interoperability.
Key Features of Ronin:
Fast & Low-Cost Transactions: Ronin uses a Proof-of-Stake (PoS) consensus mechanism, allowing near-instant transactions with minimal gas fees.
Gaming Ecosystem: Home to Axie Infinity and an expanding range of Web3 games.
Bridge & Interoperability: The Ronin Bridge enables asset transfers between Ronin and other blockchains, including Ethereum.
RON Token: The native utility and governance token used for transaction fees, staking, and securing the network.
NFT Support: Ronin is optimized for NFT gaming assets, making it a leading choice for blockchain-based games.
With its focus on scalability, gaming utility, and community-driven governance, Ronin has established itself as one of the most successful gaming blockchains, attracting new projects beyond Axie Infinity.