Title: Ronin Network TVL on Axis Infinity side chain returns $100M after October

04/14/2023 10:25 • AI Insights • 146 views

On April 14th, according to Defillama data, the Ronin Network TVL on the Axis Infinity side chain of the chain game returned $100 million after October, and is currently at $106.5 million, a 24-hour increase of 13.02%. As of the time of publication, RON is currently quoting $1.439, a 24-hour increase of 17.18%.

Data: Ronin Network TVL returned $100 million after 10 months

Introduction

On April 14th, Defillama data reported that the Ronin Network TVL on the Axis Infinity side chain of the chain game returned $100 million after October. Currently, it stands at $106.5 million, marking a 24-hour increase of 13.02%. The RON is currently quoting at $1.439, reflecting a 24-hour increase of 17.18%.

What is Ronin Network TVL?

Ronin Network TVL stands for Total Value Locked in the Ronin Network, which is a scaling solution designed for the Ethereum Network for gaming purposes. It allows developers to create games that are faster, more accessible, and more cost-efficient for users using the Ethereum blockchain.

What is the Axis Infinity side chain?

The Axis Infinity side chain is an implementation of the Ronin Network that has been specifically designed to host blockchain games. It is a layer-2 solution that allows for faster and more secure transaction processing. This side chain was developed in collaboration with the Axie Infinity team, and it has proven to be a success in providing a better user experience for gamers.

The Growth of Ronin Network TVL on Axis Infinity side chain

The Ronin Network TVL on the Axis Infinity side chain has been growing at an impressive rate since its inception in October 2020. This growth can partially be attributed to the increasing popularity of Axie Infinity, a blockchain game that uses the Ronin Network as its scaling solution. Axie Infinity has become extremely popular in recent months, and as a result, the demand for the Ronin Network TVL on the Axis Infinity side chain has skyrocketed.

The Benefits of Using the Ronin Network TVL on Axis Infinity side chain

There are several benefits of using the Ronin Network TVL on the Axis Infinity side chain for gaming purposes. Firstly, it provides a faster and more secure transaction processing experience. With the implementation of the Ronin Network, transaction times are reduced significantly, allowing for a more seamless gameplay experience. Secondly, it is more cost-efficient for users. Since the Ronin Network is designed to be more cost-efficient than the Ethereum Network, it allows for cheaper transactions and lower fees for users. Finally, it is scalable. The Ronin Network allows for unlimited scalability, which means that it can handle an increasing number of users and transactions without any issues.

Conclusion

In conclusion, the Ronin Network TVL on the Axis Infinity side chain has been growing at an impressive rate since its inception. This growth can partially be attributed to the increasing popularity of Axie Infinity, a blockchain game that uses the Ronin Network as its scaling solution. The benefits of using the Ronin Network TVL on the Axis Infinity side chain for gaming purposes are numerous, including faster transaction processing, cost-efficiency, and scalability.

FAQs

1. What is the Ronin Network TVL on the Axis Infinity side chain?
The Ronin Network TVL on the Axis Infinity side chain is a scaling solution designed for the Ethereum Network for gaming purposes.
2. Why has the demand for the Ronin Network TVL on the Axis Infinity side chain increased?
The demand for the Ronin Network TVL on the Axis Infinity side chain has increased partially due to the increasing popularity of Axie Infinity, a blockchain game that uses the Ronin Network as its scaling solution.
3. What are the benefits of using the Ronin Network TVL on Axis Infinity side chain for gaming purposes?
The benefits of using the Ronin Network TVL on Axis Infinity side chain for gaming purposes include faster transaction processing, cost-efficiency, and scalability.

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