Liquidity Pools will increase buying pressure in both SLP and AXS which will eventually boost the price of both tokens to the moon as more and more people decide to lock their assets instead of selling them.Īctually, we can already see the effects of that in both SLP and AXS Price as they both are more than 15% up the past 24 hours! RON is the ecosystem token for the Ronin chain and will be used to pay gas fees in both Axie Infinity and future games built upon RONIN blockchain. Players can now stake their hard-earned assets into the WETH/SLP and WETH/AXS Liquidity Pools and earn daily RON rewards as well as receive a 0.25% of each trade that taps into the pool. This makes the whole Axie ecosystem more attractive and WAY less dependable to 3rd party services. By using Katana DEX, players can now swap between the various assets within the Axie Infinity ecosystem with minimum fees and way faster!įor example, you can now hustle some SLP by playing Axie Infinity, then convert that SLP to ETH using Katana DEX and buy a new Axie! Players had to spend a fortune into ETH fees to buy Axies. Some of you that are not into Axie may say alright, it’s just one more DEX but trust me it’s way more than that! Bet things are about to get nasty in Lunacia! “Sky Mavis” team once again delivered and Axie’s very own DEX (Decentralized Exchange) is LIVE. No wonder, it holds a bright future.The moment all us Axie Infinity Players were waiting for is finally here. Well, to sum it up: The sheer performance of this ecosystem has managed to stun almost everyone from the community.
Katana (Ronin DEX) has a great UI, great branding and easy to use. Sam Withers, a well-known Axie Infinity user, reiterated the above sentiment.
#Katana axie infinity how to
This should be the playbook for how to execute crypto product launches. Clean UI, easy experience, explainer article and hype video at launch. Different members of the community expressed their bullish narratives concerning this platform. “The success of Ronin so far has been a direct result of our amazing community.” RON’s primary purpose is to ensure that Ronin will always be a blockchain owned by the community. With the introduction of Katana, users will be able to swap and trade assets even without having to ever leave the ecosystem. It will reportedly someday power all transactions being made on the DEX. RON is the ecosystem token for the Ronin chain. With the cooling of the NFT market, dYdX surpassed OpenSea with 30d $66.9million in agreement income. In the past 30d, Axie Infinity continued to lead the way with $190.9 million in revenue from Dapps. Even before the said initiative, Axie Infinity racked some significant figures as well. At the moment, only BSC-based PancakeSwap has managed to outperform Katana.”Ĭlearly, the new Ronin-based Katana DEX is attracting waves of attention from Axie fans. This is a remarkable success, even if expected, considering the enormous community Axie Infinity has created. “(Even more impressive) Katana has managed to surpass big names in the DeFi sector like Raydium, 1inch, Uniswap V3, ApeSwap, and SushiSwap.
Nevertheless, the DEX in question continued its march on the DappRadar top DeFi Dapps chart.
However, the transaction volume witnessed a setback, dropping to $145m in 24 hours. Here are some impressive statistics:Īt press time, those metrics reached $839m in liquidity (365% increase). Nonetheless, it’s surging regardless of its recent inception. Upon its official launch, users will be able to trade between AXS, SLP, USDC, and even WETH. Now Ronin has picked up added utility with the rollout of its own decentralized exchange ( DEX).Įnter Katana, a DEX that runs natively on Ronin, making it easier for Axie Infinity players to swap tokens directly on the sidechain itself. The gaming platform exploded in popularity this summer following the launch of Ronin, a custom sidechain that enabled speedy, low-cost transactions. Moreover, in Q3 alone, Axie Infinity amassed $2.08 billion in trading volume or 83% of the game’s historical trading value. In August 2021, it hit the $1 million mark. Since then, the protocol went on to achieve impressive figures. Three months later, that figure had skyrocketed to 359,284 - a 599% rise. According to DappRadar, 51,000 daily active wallets (last March) were connected to gaming-related contracts in the blockchain ecosystem. Axie - which is at the forefront of the “GameFi” trend - has already generated more than $2.5 billion in trading volume.
0 kommentar(er)
