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Axie Infinity, an Ethereum-based blockchain game developed by Sky Mavis, has surpassed all NFT compilations released to date in terms of NFT sales. Of the 1.44 million buyers with 12.6 million transactions, Axie Infinity generated $ 3.85 billion in all-time sales. However, while Axie Infinity is an Ethereum based game, the protocol uses the Ronin sidechain to ease scaling issues. In the introduction to Axie Infinity’s Ronin, Nansen researcher Martin Lee explains that the first level (L1) of Ethereum “was not made for gaming.”
To address high fees and scaling issues, the Axie Infinity development team created the Ronin sidechain, which helps make transactions faster and cheaper. In a research report, Lee compares Ronin to the Polygon sidechain protocol and the Arbitrum One L2 blockchain. The study also explains how the Ronin sidechain has its own wallet to handle sidechain transactions. Interestingly, when it comes to scaling, Lee’s report shows that last November “Ronin processed over 560% of the total transactions on Ethereum.”
“Although there is no official documentation on the maximum TPS (transactions per second) of the Ronin network, the block time is ~ 3s (ETH averaging ~ 13s),” Lee’s research highlights. “Execution of trades on the Axie marketplace and the sending of assets over the network are completed within a few seconds.”
The researcher’s report also provides a comparison of gas charges, according to the study’s author:
“The cost of gas in Ethereum fluctuates between 50-100 gvei, which makes microtransactions unprofitable. On the other hand, Ronin offers 100 free wallet transactions per day. In the future, after the release of the $ RON token, there will be a small fee, but most likely it will cost less than $ 1. ”
Research suggests other developers will use Ronin
The study also looks at Axie Infinity’s decentralized exchange (dex) platform called Katana. Lee’s talk highlights how multi-chain layering works and the fact that when it comes to gaming applications specifically, L1 networks cannot adapt outside of their core specialization.
“Many blockchains, whether they like it or not, will specialize,” Lee emphasized in his talk.
Lee further noted that when Ronin is mature and stable, “other game developers will be able to start building their games with it.” Lee’s report continues:
“Even though the Ronin network was launched less than a year ago, it has proven to be scalable for gaming. The birth of Ronin kicked off the rise of Axie Infinity and the Gamefi / Play-to-earn wave. “
Lee’s research concludes that while the network is flawed and “more centralized than the community would like,” the Sky Mavis developers “have taken consistent steps to decentralize it.” The report notes the distribution of RON and LPs tokens on the Katana dex.
“Ronin is still young and it will be interesting to see how blockchain evolves and grows over time. Will it become the mainstream platform for gaming? Only time will tell,” Lee concludes in his study.
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