#KATANA RONIN DEX FREE#

Axie Infinity has just launched its Katana DEX on Ronin. The popular NFT game Axie Infinity's coin behind the game, AXS, currently has a market cap of almost $10 billion USD. While some people might look down on NFT games, Axie Infinity is definitely making some of the biggest moves on the blockchain. It does not store any personal data.(Photo : Image from AxieInfinity) Axie Infinity Launches Katana DEX on Ronin | $163.23M Reached with 170,000 Transactions The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category 'Performance'. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category 'Other. The cookies is used to store the user consent for the cookies in the category 'Necessary'. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category 'Functional'. The cookie is used to store the user consent for the cookies in the category 'Analytics'.

These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. What do you think about the launch of Katana, Sky Mavis’ first decentralized exchange? Tell us in the comments section below. SLP, the “wage” token of players in the Axie platform, shot up vigorously, going from $0.06 to a peak of $0.11, almost doubling its value in just a day. AXS hovered around the $140 mark on November 3, while on November 4 (EDT) the token reached a price peak of almost $160. The launch of the Katana decentralized exchange boosted the price of AXS and SLP, the two tokens of the Axie ecosystem. The first liquidity pools to be available in Katana will be AXS/ ETH and SLP/ ETH, which will distribute half of the rewards offered each. Sky Mavis stated they would be offering more information on ron specifics soon. Ron will also be offered as a reward for staking liquidity in Katana, this being the main incentive behind it. Going forward, however, the native token of the Ronin sidechain, ron, will be needed as gas to pay for transactions.

#KATANA RONIN DEX FREE#

Until now, Ronin transactions were free, and each user had a quota of 100 free transactions per day. Katana also brings changes to the economics of Ronin. Sky Mavis Introduces Ron Token, Prices React One of the most interesting proposals of the exchange is the introduction of USDC as a supported token, making it easier for players of Axie to park their earnings in stablecoins to avoid volatility. With Katana, Sky Mavis makes it easier to manage Axie Infinity and introduces an alternative way of earning yield for users.Īs with most decentralized exchanges, Katana will feature liquidity pools to serve other users in facilitating the exchange of their tokens on top of the same Ronin sidechain. Ronin is Sky Mavis’ own tailored Ethereum sidechain, developed to satisfy the needs of users that complained about the high fees they had to pay for transacting on Ethereum’s Layer 1 (L1).

Sky Mavis, the developer of Axie Infinity, a breakthrough play-to-earn-based blockchain game, has launched Katana, a new decentralized exchange on top of Ronin. This new product will allow users to earn rewards for providing liquidity. Katana will feature all of the tokens used in Sky Mavis’ products, including SLP and AXS, the native tokens of the Axie Infinity ecosystem. Sky Mavis, the company behind the development of Axie Infinity, has launched Katana, the first decentralized exchange for Ronin, its custom-made Ethereum sidechain.

Katana ronin dex