Ronin (RON) NFT Sales Plunge More Than $120 Million to 2022 Low

2022-7-29 23:00

Ronin sales crashed to a new low in June due to decreased investor interest in non-fungible tokens (NFTs). 

Ronin is the second-most successful blockchain by all-time NFT sales volume, with total sales of approximately $4.08 billion. Much of the sales came from Axie Infinity, the most successful NFT of all time. Per Be[In]Crypto Research, Ronin Chain had a sales volume of roughly $3.19 million in June.

Source: Ronin NFT Sales Chart for June 2022 by CryptoSlam

The sixth month of the year was one of the worst performing months of Ronin concerning NFT sales as networks such as Flow, Solana, Polygon, WAX, Immutable X, and Binance Smart Chain (BSC) generated more volume than the blockchain. Moreover, June’s value was a 54% decrease from May. In May, Ronin’s sales volume was roughly $7.09 million.

Source: Ronin NFT Sales Chart for May 2022 by CryptoSlam New to Ronin? 

Launched in 2020 by Sky Mavis, the same company behind Axie Infinity, the popular play-to-earn game. As a sidechain or parallel network, Ronin was created to counter the scalability problems associated with the Ethereum Network which led to the slow processing of transactions required to power the game which ultimately culminated in high gas fees.

Why the dip in sales? 

When you examine the drop in the number of unique buyers of the top NFT housed in Ronin, Axie Infinity, the decline in the digital collectibles’ sales volume led to descending transaction counts in the blockchain, with 52,742, and 309,610 transactions.

In relation to Jan. 2022 which was the chain’s yearly high in sales volume, there were 314,642 unique buyers and 1.29 million transactions. In Jan., Ronin generated approximately $126.49 million.

Source: Ronin NFT Sales Chart for Jan. 2022 by CryptoSlam

After generating less than $5 million in monthly sales for the first time since April 2021 ($777,294.56), a new low was reached in June and this was $123.29 million below volume from Jan.

In addition to sales volume, there was a drop in average sale value. The average sale value for June was $10.33 and this was an 89% decrease from that of $97.54 recorded in Jan.

What do you think about this subject? Write to us and tell us!

The post Ronin (RON) NFT Sales Plunge More Than $120 Million to 2022 Low appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

NFT (NFT) на Currencies.ru

$ 0.1282 (+0.51%)
Объем 24H $0
Изменеия 24h: 4.93 %, 7d: 9.39 %
Cегодня L: $0.1282 - H: $0.1282
Капитализация $0 Rank 3750
Доступно / Всего 0 NFT

low sales ronin million 2022 120 nft

Источник: beincrypto.com

low sales → Результатов: 35


WIBX ICO

Wibx is the utility token that will revolutionize the exchange relationships between brands and consumers, transforming social networks users into digital influencers. Wibx is the native token and the mean of exchange of the WiBOO platform, a sophisticated and well-structured ecosystem that offers new perspectives for the conventional marketing strategy models, such as sales activation and customer loyalty, using the blockchain technology and artificial intelligence (AI).

2019-1-29 07:03


Фото:

Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

2018-7-16 19:45


Фото:

On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

PIXEL token soars 16% as trading volume reaches $1b

Just a day following the launch of its PIXEL token, blockchain game Pixels has surged past the $1 billion mark in trading volume, recent data indicates. Blockchain-based farming game Pixels is experiencing a remarkable spike in activity, with the trading…