The Ronin blockchain from Sky Mavis shows impressive growth! 📈 In the third quarter of 2024, DeFi TVL increased by 149% compared to last year, reaching $147 million. The main driver is the 30% increase in the price of the RON token and the expansion of the ecosystem. However, the amount of locked tokens decreased by 36%, which may be related to a shift in interest towards games and NFTs.

Katana DEX holds 99% of DeFi TVL on Ronin, despite a 9% decline over the quarter. Interestingly, the number of NFT buyers exceeds the number of sellers, indicating a desire to hold assets. Daily transactions grew by 24% over the quarter, but average fees decreased by 20%, which may be related to the expansion of the ecosystem. 🚀