Ronin Blockchain, the Layer 1 platform developed by Sky Mavis, saw a 149% increase in DeFi TVL to $147 million in Q3 2024. 📈

One of the main drivers behind this growth was the 30% increase in the price of the RON token and the expansion of the ecosystem. Katana DEX holds 99% of the total DeFi TVL on the Ronin network.

Ronin stands out with its NFT buyers outnumbering sellers. Daily transactions increased by 24%, while transaction fees dropped by 20%. 🎮

Security issues have affected Ronin in the past, but the platform continues to grow.