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Axie Infinity's sidechain Ronin revives? Daily active users triple, token RON surges 40% in a week

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The potential approval of a Bitcoin spot ETF continues to drive the cryptocurrency market, benefiting NFT assets as well, and even the GameFi sector seems to be reviving.

Ronin Sees Surge in Daily Active Users

According to data released by Nansen CEO on 11/8, the daily active addresses on the Axie Infinity sidechain Ronin grew from 20,000 to 70,000 in just a few days in November.

Ronin's RON Sees 40% Weekly Increase

Data from CoinMarketCap shows that Ronin's native token RON surged by 16% in a single day, reaching a price of $0.7.

The weekly increase for RON is 38.96%, close to 40%, with a total increase of 81% since mid-October.

However, when Ronin was hacked in March 2022, the price of RON was $2.2, which still represents a 70% decrease:

Axie Infinity sidechain Ronin exploited in hack, resulting in a loss of 173,600 ETH and 25.5 million USDC

Pixels Game Boosts Ronin

Pixels, a long-standing game previously running on Polygon, migrated to Ronin on 10/31 and saw a significant influx of new players upon its official launch.

Pixels is an open, pixel-style virtual farming game that raised $2.4 million in funding, with investments from Animoca Brands and OpenSea. Users can earn the game's primary currency, $BERRY, by completing specific tasks.