Pixels’ migration to Ronin has led to a surge in blockchain activity over the past month. Now, Ronin’s wallet adds Binance Pay support. This news acted as an upward catalyst in the altcoin price.
Ronin’s critical partnership with Binance Pay was the catalyst for RON!
According to a statement from Ronin developers, the Ronin crypto wallet mobile app has added a Binance Pay integration that allows users to transfer funds directly from their Binance exchange accounts to their wallets. According to the announcement, the new feature also means that mobile users will be able to automatically convert cryptocurrencies such as Bitcoin and Ethereum from Axie Infinity to Ronin ecosystem tokens such as AXS and SLP. Its developers built Ronin as an Ethereum sidechain for crypto gaming.
Meanwhile, Binance exchange does not currently list RON, Ronin’s main token. Therefore, users will need to purchase it from a decentralized exchange (DEX). However, Binance lists SLP and AXS on its exchange for users in some countries. At the time of this writing, Binance Pay integration is only available for the Ronin mobile app. A quick test of the Ronin wallet browser extension on Chrome in the US shows only Ramp or Ronin’s Blockchain bridge as deposit options.
Ronin Wallet x @binance Pay ⚔️
• Deposit from Binance via mobile Ronin wallet
• Auto-convert BTC, ETH, and more into AXS, SLP, and USDC on Ronin
• AMA on Spaces with the Binance Pay team next week (more details coming soon)Learn more here 👇
📜 | https://t.co/qP8dKO9mh9 pic.twitter.com/xOaF5yNiJi
— Ronin (@Ronin_Network) December 1, 2023
The development became a catalyst for Ronin’s native token, RON. The token rose after the announcement. RON rose from $1.11 to $1.17 on Friday. Although it later experienced a retreat, it maintained its upward movement. RON was up 17.7% on a weekly basis at press time.
Ronin triples the number of active users
Ronin’s partnership with Binance Pay, cryptokoin.com It comes less than two weeks after the news that Binance CEO Changpeng Zhao (CZ), whom you follow from , will plead guilty to money laundering charges and resign from his position at the exchange. The giant stock exchange has already announced its new CEO, Richard Teng. Meanwhile, exchange users withdrew more than $1 billion from the exchange after the turmoil. It should also be noted that Binance will not be available to customers in the USA for a long time. Therefore, Ronin’s Binance Pay integration primarily comes to the benefit of mobile users outside the US.
While Binance saw users withdrawing their funds, Ronin saw an increase in activity. It also tripled the number of active users in early November. Interest in Pixels, a browser-based MMORPG that recently migrated to the Ronin Blockchain, has surged in the past month. While Pixels has encountered some challenges with bot users, the game has seen nearly $2 million in total NFT land sales across 1,300 transactions and daily unique active wallets in the high five to low six figures, according to data from CryptoSlam, DappRadar, and Ronin co-founder Jeffrey Zirlin (Jiho).
