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Top Gaming Coins in Web3 Gaming Industry: Ronin, Axie Infinity, and BinaryX
ByAinvest
Saturday, Feb 8, 2025 7:48 pm ET1min read
The article highlights top gaming coins in Web3, including Ronin Blockchain, Axie Infinity, and BinaryX. Ronin has 250K daily users, $5B TVL, and 15% NFT market share, while Axie Infinity fuels NFT gaming growth with AXS & SLP. BinaryX expands GameFi with CyberDragon, CyberArena, and CyberChess, offering seamless Web3 gaming integration. These projects are redefining the industry and driving scalable blockchain adoption.
The gaming industry is witnessing a paradigm shift, with blockchain technology and non-fungible tokens (NFTs) paving the way for decentralized, player-owned games. Three leading projects in this space are Ronin Blockchain, Axie Infinity, and BinaryX, each offering unique benefits and driving the adoption of scalable blockchain solutions [1].First, Ronin Blockchain, an Ethereum sidechain built specifically for Axie Infinity, boasts an impressive 250,000 daily users and a total value locked (TVL) of $5 billion [2]. With a focus on reducing transaction costs and offering higher speeds compared to Ethereum, Ronin enables seamless play-to-earn (P2E) experiences. Ronin's NFT market share stands at 15%, underscoring its significance in the gaming ecosystem [3].
Axie Infinity, a pioneering P2E game on Ronin, has fueled the growth of NFT gaming with its native tokens AXS and SLP. Players breed, battle, and trade Axies, digital pets that serve as in-game assets, to earn rewards. Axie Infinity's innovative model has attracted a large and active community, contributing to the success of both the game and the Ronin Blockchain [4].
Lastly, BinaryX, an all-in-one decentralized finance (DeFi) and gaming platform, is expanding the GameFi landscape with its projects CyberDragon, CyberArena, and CyberChess. These games offer seamless Web3 gaming integration, allowing players to enjoy their favorite games while leveraging the benefits of blockchain technology [5].
In conclusion, these three projects – Ronin Blockchain, Axie Infinity, and BinaryX – are redefining the gaming industry by offering player ownership, transparency, and decentralized control. Their innovative models, growing adoption, and commitment to scalable blockchain solutions make them key players in the future of decentralized gaming.
References:
[1] Mudrex. (2023). Top 5 Web3 Gaming Blockchains Shaping the Future of Decentralised Web3 Gaming. https://mudrex.com/learn/top-5-web3-gaming-blockchains/
[2] Ronin. (n.d.). Ronin Network Stats. https://explorer.roninchain.org/stats
[3] DappRadar. (2023). Ronin Network. https://dappradar.com/rankings/networks/ronin
[4] Axie Infinity. (n.d.). Axie Infinity. https://axieinfinity.com/
[5] BinaryX. (n.d.). BinaryX. https://binaryx.org/
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