🎉 Good news from the blockchain world! Ronin, a Layer 1 blockchain developed by Sky Mavis, saw its DeFi TVL surge by 149% YoY, reaching $147 million in Q3 2024. What's the secret? Turns out, the RON token price rose by 30% and wider ecosystem adoption were the main drivers.

- Katana DEX dominates with 99% of the total DeFi TVL on the Ronin network. Although Katana's TVL dropped by 9% QoQ, the YoY increase reached 154%!

- The number of daily NFT buyers and sellers on Ronin grew by 17% in Q3 2024. Events such as Ronin Carnival and the Coinbase Learn campaign were the main attractions.

- Daily transactions jumped by 24% QoQ, and 2,300% YoY. However, daily transaction fees dropped by 20% QoQ, showing Ronin's focus on ecosystem expansion.

What do you think about Ronin's development? Let's discuss in the comments column!