Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major L1s by Volume: Nansen Report

Ronin, a furniture 2 from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% much full transactions than Ethereum astatine its highest successful November, the study found. And portion that fig has since retreated, the sidechain is inactive processing much than up-and-coming networks similar Fantom and Avalanche.

Nansen information writer Martin Lee said the study offers a glimpse into a peculiar multi-chain future, 1 wherever galore furniture 1s absorption connected circumstantial usage cases retired of necessity.

“A batch of blockchains, whether they similar it oregon not, volition specialize. Even though creators mightiness not program for it, developers volition unit them to spell a abstracted way, purely due to the fact that of the trade-offs antithetic chains person – developers volition beryllium charismatic to developers for circumstantial reasons,” helium said.

Axie Infinity – the crown jewel of crypto’s still-nascent “play-to-earn” assemblage – currently boasts 2.8 cardinal regular progressive users, and arsenic a result, Ronin is processing 40% much transactions than Avalanche, 1 of the astir fashionable furniture 1s by transaction volume.

Lee noted that this fig was achieved successful spite of typhoon play disrupting subordinate activities successful the Philippines, location to astir fractional of Axie’s idiosyncratic base.

The immense bulk of the transactions are worthy little than $1,000, and fees are presently escaped connected the concatenation for up to 100 transactions.

“What stood retired to maine was the sheer fig of transactions connected the concatenation comparative to different furniture 1 solutions similar Avalanche oregon Fantom,” said Lee. “That unsocial is simply a awesome for other, akin furniture 2s to beryllium created. If 1 azygous crippled demands truthful overmuch retired of the underlying blockchain, what happens erstwhile a concatenation is location to aggregate games?”

Polygon’s proof-of-stake concatenation precocious got a sensation of what game-related congestions tin look like. Transaction costs, which tin often beryllium fractions of a cent, ran arsenic precocious arsenic $0.50, and users griped astir failed transactions for days – each due to the fact that a elemental farming simulator crippled clogged the concatenation with bot activity.

Additionally, Ronin users are engaging with precocious DeFi functionality by depositing into decentralized speech liquidity pools and Axie’s staking module, contempt having little relationship balances – a inclination that would beryllium improbable to play retired connected astir furniture 1s owed to fees.

“These users would beryllium priced retired of utilizing Uniswap, for example,” said Lee.