Ronin Chain, a blockchain network created to support the popular play-to-earn game Axie Infinity, is undergoing a revival in the Web3 gaming industry as gamers flock back to the platform.

Despite previous setbacks, Ronin has seen a remarkable 45% increase in its value over the past week, with daily users surpassing one million, largely due to collaborations with third-party games like Pixels.

Initially overshadowed by a significant exploit in March 2022, Ronin has now emerged as a leading gaming chain, drawing in hundreds of thousands of active users daily. Recent data indicates that Ronin holds a substantial 29% share of the blockchain gaming market, surpassing the combined market share of BNB Chain and Polygon.

The resurgence of Ronin is evident in the impressive performance of its native RON token, which has surged by 60% in the last month and has witnessed a remarkable growth of over 1,000% since October 2023. Among gaming tokens valued at over $1 billion, RON stands as the second best-performing asset after Gala Games, as reported by CoinGecko.

The resurgence of Ronin can be attributed to various factors, including updates to Axie Infinity, its evolution into a hub for diverse gaming experiences beyond Axie, and the conclusion of substantial RON token sales by the FTX estate. Recent on-chain data reveals that a wallet linked to the defunct crypto exchange has sold 9 million tokens in the past month, while still retaining 1.27 million RON.

While Axie Infinity was a prominent figure in the crypto gaming space during the 2021 bull market, recent activity levels have not reached the same heights. Despite this, the game has introduced new features like Axie Infinity: Origins, offering free starter Axies and enhanced gameplay options. However, some community members express concerns about unaddressed gameplay issues.

In a notable shift, Ronin has become a preferred platform for non-Axie games like Pixels and Carv, contributing significantly to the surge in daily active users. These developments mark a new chapter in the resurgence of Ronin Chain within the Web3 gaming ecosystem, attracting a growing number of gamers seeking diverse gaming experiences.