Meet Ronin – One of the Greatest Failures in Web3 Gaming History
If you had invested $10,000 in $RON at its ATH two years ago (2024), congratulations: you’d have roughly $216 left today.
Once hailed as the premier blockchain for Web3 gamers, Ronin’s glory days are long gone. After hitting its ATH in March 2024 and boasting a $1.253B TVL back in 2021, the entire ecosystem’s liquidity has evaporated to a mere $13.6M.
🧵👇
Welcome to playtest 2!
Deep inside Lunacia, an ancient dungeon awaits. Claim your riches and get out quickly.
Greed presents two paths: greater fortune or a shallow grave.
Five new weapons await your grasp. Master them all; a warrior is only as good as the tools they carry.
What once slumbered is now wide awake.
Two monstrosities haunt the depths, their lairs littered with the shattered gear of heroes who came before.
Step forth: will you conquer the dark, or become another sacrifice?
Download Atia’s Legacy for Android and iOS if you have access 👇
🔗: https://t.co/b7rRB40yjO
Will give playtest access to someone that likes, retweets, and bookmarks this post.
🚨 $RON is down 97.5% from ATH (~$4.50 → now ~$0.088).
$RON facts right now:
• Price: $0.08814
• Down exactly 97.5% from ATH
• Market Cap: $68M
• FDV: $88M
• Circulating supply: 772M / 1B max
• 24h volume: $2.53M
• TVL: $4.6M
If the overall market actually pumps and we see a normal altcoin recovery phase, $RON would mathematically sit at roughly $0.44 – $1.32.
That’s a $340M – $1B+ market cap 🙌
Still far below its previous ~$2.7B peak MC implied by the 97.5% drawdown, but that’s the realistic math, not imagination.
Reply with YOUR price target 👇 RT if you're quietly accumulating
bAXS is here!
bAXS is the Axie integration of bleeding edge tech from @limitbreak that allows for programmable tokens.
You can now use bAXS to evolve axies, mint Runes and Charms, stake to earn AXS, and more.
A key step towards a stronger and better economy in Axie.
What comes next:
• bAXS airdrop based on Axie score + staked $AXS
• Bounty Board reward integration
• Classic and Origins reward integration
• Homeland reward integration
• Codex reward integration
Today's a good day to announce that I've moved back to where it all began, Sky Mavis HQ in Vietnam.
The move will allow me to be more hands on and help expedite our efforts as we enter a pivotal period for Axie and Ronin.
• We have a the Axie MMO's next playtest coming up ,terrariums, and bAXS deployment three key milestones to ensure a brighter future for Axie.
• Ronin is getting ready to migrate to Ethereum, with the recent tesnet migration complete. The migration will also feature a tokenomics overhaul. More on this soon.
• Ronin's content is coming into its own. As the dust settles, it's become clear that the most interesting experiments in digital economies are happening on Ronin. Recently we've seen many L2s and L1s releasing mainnets to crickets and low adoption. Content is king and this is a key strength for us to leverage moving forward. Ronin's strategy has always been app-centric and focused on building net new things that the world has never seen. The current generation of winners on Ronin reflects this.
• We're also working on some experimental new products aimed at bringing the benefits of blockchain to new audiences, beyond the existing Ronin/crypto community.
Onward.