NFT trades, trader volume, and active game players reportedly increased significantly once Axie Infinity began to operate on Ronin. Ronin was built as a way to support the emerging “digital nation” concept of the online ecosystems that are bringing together community, leisure, and economy. The idea was to create a sidechain for developers who wanted to build games with player-owned economies, rather than centralized gaming models. The result was the EVM-based blockchain known as Ronin. Ronin: When Sky Mavis, the development team behind Axie Infinity, became aware of the game’s stunted growth due to the Ethereum mainnet‘s limited scalability, the company produced a solution. With Katana, these assets can be exchanged within the Ronin wallet at any time and anywhere on the Ronin blockchain for a low fee. It’s an application that allows people to exchange between the various ERC-20 assets within the Axie Infinity ecosystem - namely, Axie Infinity Shards (AXS), Smooth Love Potion ( SLP), WrappedEther (WETH), and US Dollar Coin ( USDC). Katana: Katana, or Ronin Dex, is a DEX created specifically for Ronin-based projects and tokens.The ecosystem supporting the game Axie Infinity rely on two main elements: Ronin’s cryptocurrency, the RON token, currently trades at $2.11 per token, with a circulating supply of 148 million for a market cap of $312 million. Ronin is a blockchainbased on the Ethereum Virtual Machine ( EVM), and was created by Sky Mavis to support the popular play-to-earn game Axie Infinity. Katana, also known as Ronin Dex, is a recently launched decentralized exchange ( DEX) on its own Ethereum sidechain, Ronin. How Does Ronin Work Together with Axie Infinity?.How Does the Ronin Chain Ecosystem Work?.
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