• Ronin supports millions of DAUs and $4B in NFT transactions daily, solidifying its place in Web3 gaming.
  • Sui’s zkLogin and Move language simplify Web3 adoption with a user-friendly blockchain.
  • Chainlink oracles secure smart contracts, ensuring reliable data for DeFi growth.

As December 2024 unfolds, certain cryptocurrencies are poised to dominate the spotlight. From innovative Web3 gaming blockchains like Ronin to secure Layer-1 solutions like Sui, these projects redefine the blockchain landscape. Chainlink’s decentralized oracle technology and Monero’s privacy focus highlight their potential amid evolving market trends.

Ronin (RON): The Game-Changing Blockchain for Web3 Gaming

Current price: $2.62

Market cap:$840.48M

RONIN is an EVM blockchain for gaming designed by Vietnamese studio Sky Mavis, the firm behind Axie Infinity.  The Ronin network is unique because it can grow at a large scale and can support millions of DAU and over $4 billion in daily NFT transactions. Its decentralized exchange, Katana, is also popular within the AXS ecosystem making Ronin the go-to solution for Web3 gaming projects.

Sui (SUI): A Revolutionary Layer-1 Blockchain

Current price: $4.36

Market cap:5.70B

Sui is a highly secure and scalable layer-1 blockchain that supports widespread adoption. It uses an object-centric data model and the secure Move programming language to enhance blockchain efficiency. Besides, Sui emphasizes improving user experiences by offering features such as zkLogin and sponsored transactions. Its mission is to lower barriers for users and developers, creating a more accessible and intuitive blockchain environment for Web3 applications.

Chainlink(LINK) Decentralized Oracles Drive Smart Contract Adoption

Current price: $25.37

Market cap:$16.75B

Chainlink’s decentralized oracle network securely connects real-world data to smart contracts, ensuring contracts operate reliably with accurate, decentralized data sources. The latest Chainlink version, 2.0, with hybrid smart contracts and improved security, can satisfy future growth in the number of DeFi users.As ETFs bring Chainlink to mainstream investors, LINK tokens may see boosted demand due to their central role in the network’s tokenomics and functionality.

Monero(XMR) Faces Uncertainty After Binance Delists Its Support

  • Current price: $216.52
  • Market cap:$3.99B

Monero (XMR) will find itself in new trouble after Binance announced that it would remove the coin from its offering because of how sensitive it is to privacy concerns. Such action is in line with the objectives of the company which is to bring more regulation into the system and avoid all forms of reputation risk. However, it seems that there are enough prices for Monero if the privacy needs grow to the ever-present privacy-protecting community.

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