Ronin, the Layer 1 blockchain of Sky Mavis, has witnessed an impressive 149% increase in DeFi TVL, reaching 147 million USD in Q3 2024. 📈

- This growth is driven by a 30% increase in RON price and widespread adoption of the ecosystem. However, the internal token TVL decreased by 36%, indicating a shift in participation dynamics.

- Katana DEX accounts for 99% of DeFi TVL on Ronin, despite a 9% QoQ decrease in TVL, it has still increased by 154% YoY.

- Daily transactions increased by 24% QoQ, thanks to new games and collaborations, even though transaction fees decreased by 20%.

Despite facing security challenges, Ronin still demonstrates strong growth potential. 🚀