Ronin Network Growth Soars with 224M RON Stakes This Year

• Over 224 million RON tokens have been staked by 285,083 unique delegators, showcasing community confidence.
• Pixels Online leads Ronin Network with 772,278 active users, highlighting its key role in Web3 gaming.

The Ronin Network recently reached a significant milestone, with over 224 million RON tokens staked across 26 active validators by an impressive 285,083 distinct delegators.

This increase in staking activity demonstrates the community’s growing trust and faith in the network’s potential, emphasizing its progress toward a more decentralized and secure ecosystem. The staking trend is crucial evidence of growing confidence in the Ronin Network’s goal and long-term viability.

There is now 224 Million RON staked across 26 active validators by 285,083 unique delegators (stakers).

What will these numbers sit at in a years time? pic.twitter.com/zYwRKsCYZ1

— Ronin (@Ronin_Network) September 25, 2024

Ronin Network: 8-Year Staking Plan Promotes Long-Term Network Growth

The Ronin Network has devised an 8-year staking rewards plan to strengthen its standing and encourage ongoing involvement. The awards start at 30 million RON in the first year and gradually decrease to 6 million RON by the eighth year, ensuring a sustainable model for donors and a balanced incentive structure over time.

Ronin’s goal in providing 180 million RON tokens for staking rewards is to promote a lively and secure network, supporting the vital principles of decentralization and community interaction.

Adding to this tremendous development, the Ronin Network recently saw an increase in daily active addresses. According to a CNF report, there was a 93% growth, with over 1.4 million new wallets generated in just two weeks.

This quick expansion demonstrates Ronin’s growing importance and adoption, notably in the Web3 gaming industry. The enormous influx of new wallets demonstrates the network’s popularity and the exciting potential it provides for both current and future players.

Pixels Online, a driving force inside the ecosystem, has been a notable contributor to the Ronin Network’s growth. Pixels Online’s 772,278 active users highlight its vital role in the Web3 gaming ecosystem, indicating how gaming remains a significant channel for blockchain adoption.

This success story underlines Ronin’s position as a leading player in the burgeoning convergence of blockchain technology and the gaming industry.

Meanwhile, the RON coin has gained significant market traction. At the time of writing, RON is trading at roughly $1.89, up 15.88% over the last seven days. This bullish trend has increased its market cap to around $661.22 million.