Ronin Blockchain Surpasses $4 Billion in All-Time NFT Sales Volume

2022-6-9 13:30

Ronin reached a new milestone in the non-fungible token (NFT) space trailing only Ethereum as the biggest blockchain by all-time sales volume. 

Ronin is one of the most popular blockchains when it comes to play-to-earn games that involve the buying, holding, and selling of digital collectibles. 

Sky Mavis, the company behind the wildly popular play-to-earn game Axie Infinity, created Ronin in 2020 after realizing Ethereum’s base layer was too slow and expensive to handle the transactions required to power the game.

According to Be[In]Crypto research, Ronin had a total sales volume of approximately $4.07 billion as of June 5.  

This comes as a massive boost to the entire Ronin ecosystem after its coin, RON, plunged to new high lows in the market crash of May. This led to market capitalization falling below $70 million. 

This landmark puts Ronin ahead of Solana, Flow, Polygon, WAX, Avalanche, Immutable X, Palm, Tezos, Panini, and Binance Smart Chain (BSC).

Source: Blockchains by All-Time NFT Sales Volume by CryptoSlam What caused rise in Ronin sales volume? 

Looking at the spike in the number of unique buyers from Aug, the increase in sales led to the chain’s soaring total transaction counts, with 305,127 unique buyers and 1,853,437 transactions.

The same period was Ronin’s all-time high in monthly sales volume with around $848.24 million.

Source: Ronin August Monthly Sales Volume by CryptoSlam

Most of this volume came from the biggest play-to-earn game, Axie Infinity. Other months that made significant contributions to Ronin sales were July ($666.17 million), Sept ($518.87 million), Oct ($545.79 million), and Nov 2021 ($754.76 million). 

RON price reaction 

RON became a crypto trading asset in Jan 2022. It opened on Jan 27 at $3.56, reached an all-time high (ATH) of $4.32 the same day, and tested a low of $0.4275 on May 27.

At the time of writing, the coin’s price was $0.4700. Overall, this equates to an 87% decline throughout 2022.

Source: RON/USD Chart by CoinMarketCap

The post Ronin Blockchain Surpasses $4 Billion in All-Time NFT Sales Volume appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.006641 (-0.92%)
Объем 24H $22.708k
Изменеия 24h: -0.58 %, 7d: -21.48 %
Cегодня L: $0.006641 - H: $0.0068337
Капитализация $485.256k Rank 2078
Цена в час новости $ 0.0910131 (-92.7%)

nft sales ronin all-time volume blockchain surpasses

Источник: beincrypto.com

nft sales → Результатов: 126


NFT Sales Heat Up as Rarible Marketplace Passes $5M in Volume

While decentralized finance (DeFi) has grabbed most of the recent headlines, the non-fungible token (NFT) market has quietly picked up steam over the summer.   According to a Sept. 16 report from crypto asset data website Messari, Rarible, an NFT marketplace, has passed $5 million in sales so far this month—more than quadrupling sales numbers from August.

2020-9-23 17:09


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Apple Allows Axie Infinity Game to Feature on App Store

Coinspeaker Apple Allows Axie Infinity Game to Feature on App Store Makers of Axie Infinity are hopeful that launching the game on the Apple platform will spurt growth. They are also hopeful of Apple making policies friendlier for NFTs in the future.

Axie Infinity Sales Hit 2022 Low, Crashing More than $120 Million

Axie Infinity saw a high decline in sales volume in June due to an overall bearish market, which led to decreased investor interest in non-fungible tokens (NFTs). The post Axie Infinity Sales Hit 2022 Low, Crashing More than $120 Million appeared first on BeInCrypto.

Axie Infinity Developer to Reimburse Ronin Hack Victims

Sky Mavis, the developer of the play-to-earn game Axie Infinity, has announced it will reimburse victims of the Ronin bridge hack and relaunch the bridge next week. The post Axie Infinity Developer to Reimburse Ronin Hack Victims appeared first on BeInCrypto.