{"id":325886,"date":"2024-06-18T20:51:04","date_gmt":"2024-06-18T15:21:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=325886"},"modified":"2024-06-18T20:51:05","modified_gmt":"2024-06-18T15:21:05","slug":"ronin-network-unveils-permissionless-zkevm-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ronin-network-unveils-permissionless-zkevm-crypto-news\/","title":{"rendered":"Ronin Network Unveils Permissionless zkEVM &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Game developers will be able to deploy Layer 2 blockchains atop Ronin, leveraging a modified version of Polygon\u2019s CDK.<\/p>\n<div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/tag\/ronin\">Ronin<\/a>, the gaming-focused Layer 1 blockchain, has outlined plans to introduce a zkEVM to enable the permissionless creation of Layer 2 networks in its ecosystem.<\/p>\n<p>\u201cIn the future, game developers will have the ability to launch their own Layer 2 blockchains on top of Ronin mainnet,\u201d read a statement shared with The Defiant. \u201cThese new Ronin chains will use zero-knowledge proofs to open the door to more games, more players, and more economic freedom.\u201d<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/ronin\">Ronin<\/a> network has enjoyed a fourfold increase in total value locked (TVL) since October 2023. According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Ronin\">DefiLlama<\/a>, TVL soared from $51 million last year to $181 million today. The network\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ronin\">RON<\/a> token has rallied 600% during the same period.<\/p>\n<figure><figcaption class=\"text-center text-xs\">RON Price<\/figcaption><\/figure>\n<p>Adding the Polygon CDK and tapping burgeoning zkEVM technology could help boost activity across the Ronin ecosystem. zkEVMs are scaling solutions that leverage zero-knowledge proofs to enable private, scalable, and secure execution of smart contracts while maintaining compatibility with the existing Ethereum ecosystem.<\/p>\n<p>Weekly active users are up by 7%, while monthly active users have remained steady at around 2,500, according to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.com\/hashed_official\/ronin-bridge\">Dune dashboard<\/a>. Total USDC bridged through Ronin is down from its March 12 peak of $44.6 million to $37.5 million today.<\/p>\n<figure><img decoding=\"async\" alt=\"Ronin Bridge Weekly Transactions chart\" loading=\"lazy\" width=\"651\" height=\"561.8433179723502\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F79519ba583b6a8281e5d00daa96952229bcb6445-651x381.jpg&amp;w=828&amp;q=100\" \/><figcaption class=\"text-center text-xs\">Ronin Bridge Weekly Transactions<\/figcaption><\/figure>\n<p>The top three gaming ecosystems built on Ronin \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/farming-game-pixels-token-lands-in-binance-s-top-10-after-launch\">Pixels<\/a>, Apeiron, and Axie Infinity \u2013 have more than 705,000 unique active wallets, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/rankings\/protocol\/ronin\/category\/games?sort=uawCount&amp;order=desc\">DappRadar<\/a>.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/axie-infinity\">Axie Infinity<\/a> continues to be one of the largest gaming ecosystems in crypto, with 55,000 unique active wallets and over $1 billion in total value locked (TVL).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Game developers will be able to deploy Layer 2 blockchains atop Ronin, leveraging a modified version of Polygon\u2019s CDK. Ronin, the gaming-focused Layer 1 blockchain, has outlined plans to introduce a zkEVM to enable the permissionless creation of Layer 2 networks in its ecosystem. \u201cIn the future, game developers will have the ability to launch [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":325888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-325886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=325886"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325886\/revisions"}],"predecessor-version":[{"id":325890,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/325886\/revisions\/325890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/325888"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=325886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=325886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=325886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}