Play-to-earn is alive and kicking: Ronin Network sees 193% monthly growth in activity

The play-to-earn trend is thriving, as evidenced by the significant growth in activity on the Ronin Network. Investment firm Arca recently invested over $4 million in RON, the native token of the network, indicating a strong interest in the project. This follows a series of substantial transfers, including 680 Ether (ETH) sent to the Ronin bridge. The performance of RON has been outstanding, with nearly 180% gains reported. Furthermore, the Ronin Network witnessed a remarkable 193% growth in network activity between November and December, making it the 7th most active blockchain during that period. Analysts attribute this surge in activity to the revival of the gaming narrative and the popularity of Pixels Online, a farming game that allows players to build their farm, develop skills, and interact with friends. The number of active wallets interacting with Pixels in the past month also experienced a significant increase. Edward Wilson, a member of the Nansen research team, notes that blockchain gaming and play-to-earn have consistently generated excitement in the market, with new teams working on games even during bear markets. Given the historical interest and potential for growth in Web3 gaming and play-to-earn, Wilson predicts that this sector will continue to be a compelling one to watch.