Ronin’s DeFi TVL Grows 149% YoY, Boosted by RON Token’s 30% Price Rise - Invest In Crypto News

Ronin’s DeFi TVL Grows 149% YoY, Boosted by RON Token’s 30% Price Rise - Invest In Crypto News

Ronin, the Layer 1 blockchain developed by Sky Mavis, experienced a significant 149% year-over-year increase in DeFi TVL, reaching $147 million in Q3 2024. There are several factors influencing this growth. One of the major catalysts was, however, the price surge of the RON token. Ronin’s DeFi, NFT Demand Grows According to Messari’s latest report, Ronin’s DeFi TVL rose from $59 million in Q3 2023 to $147 million in Q3 2024. The figure was boost…

Tokenized Real-World Assets Top $22 Billion Onchain

The number of asset holders has surpassed 100,000, while there are currently 189 asset issuers. This marks a 7.46% increase in total RWA value in just the past 30 days. Stablecoin value onchain has also grown to $231.49 billion, held by more than 161 million users. Industry projections suggest the total value of tokenized RWAs could surge to $18.9 trillion by 2033, representing a 53% compound annual growth rate (CAGR). This rapid expansion is fu…

Layer 1 Ecosystems Surge in Activity as Real-World Assets and Institutional Interest Drive Growth

In the past 30 days, Layer 1 blockchains have seen an impressive acceleration of activity. Infrastructure developments, DeFi (decentralized finance) innovations, and real-world asset (RWA) integrations have all focused on Layer 1 in recent weeks. These three major avenues of development are now leading an influx of new capital into Layer 1. The past few weeks have also seen skyrocketing activity and growth across Layer 1 ecosystems. Solana Leads…