The crypto landscape is undergoing a stark reality check, as data reveals a dramatic contraction in onchain activity across numerous networks that were last year’s darlings. According to analytics firm Nansen, 11 major blockchains have posted significant declines in active addresses over the past year, with viral moments failing to catalyze the sustained growth many anticipated. The steepest falls were seen on networks like Ronin and ZKsync, highlighting a troubling gap between temporary hype and lasting user engagement in the digital asset space.
about Blockchain Activity Plummets: Ronin Down 70%, Bitcoin 7.2%Ronin
0 posts last weekWhy Altcoin L1s Are Becoming Ethereum L2s
A fundamental transformation is reshaping the cryptocurrency landscape as major Layer 1 blockchains increasingly choose integration with Ethereum over isolation. The compelling cases of Celo and Ronin demonstrate how transitioning to Ethereum Layer 2 architecture delivers dramatic cost savings while maintaining sovereignty and user engagement. This strategic shift, championed by Ethereum Foundation’s James_gaps, reveals an undeniable economic rationale that could redefine the future trajectory of the entire altcoin ecosystem.
about Why Altcoin L1s Are Becoming Ethereum L2sEthereum L1 Revival: DeFi Giants Return as L2s Save Millions
Ethereum’s Layer 1 is experiencing a remarkable resurgence as major DeFi projects and alternative blockchains migrate back to the mainnet or transition to Layer 2 solutions. High-value protocols like Synthetix and Aave are reinforcing Ethereum’s dominance while projects like Celo and Ronin are switching to L2 models, generating significant cost savings. This strategic shift underscores Ethereum’s renewed position as the central hub for decentralized finance.
about Ethereum L1 Revival: DeFi Giants Return as L2s Save MillionsRonin Migrates Back to Ethereum as Layer-2 Network
Ronin, originally spun off from Ethereum in 2021 for better performance in gaming applications like Axie Infinity, has announced plans to migrate back to Ethereum as a layer-2 network by Q2 2026. The decision is driven by Ethereum’s Wall Street appeal and the desire to transform Ronin into a general-purpose blockchain. This shift will enable Ronin to support a wider range of applications beyond gaming while maintaining its performance advantages.
about Ronin Migrates Back to Ethereum as Layer-2 NetworkSEI Network’s TVL Soars 900% Despite Token Price Slump
SEI Network’s TVL surged by over 900% in a year, reaching nearly $700 million, even as its token price dropped 78% from its March 2024 peak. Japan’s FSA approval and growing daily active users have strengthened SEI’s market position, while integrations like Anthropic’s Model Context Protocol enhance its utility. Analysts note critical support at $0.2540, with potential recovery if SIP-3—a proposal for full EVM compatibility—gains traction. Despite price struggles, SEI’s expanding ecosystem and regulatory backing suggest long-term resilience.
about SEI Network's TVL Soars 900% Despite Token Price SlumpThe Graph Launches Hypergraph for Privacy-Focused Web3 Apps
The Graph’s new Hypergraph Developer Preview empowers developers to create privacy-centric, composable Web3 apps with end-to-end encryption and local-first architecture. Key features include GRC-20 composability, TypeSync, and Geo Connect, enabling secure and flexible data schemas. The Graph has also expanded its network support, integrating Botanix, Katana, and Ronin, making it easier for developers to access and query data without custom indexing tools. Despite a 2.3% drop in revenue due to reduced Subgraph fees, query volume rose by 3.2%, reflecting growing adoption. The Graph’s native token, GRT, remains stable, with a market cap of around $815 million, underscoring the project’s strong community and ongoing relevance in the blockchain ecosystem.
about The Graph Launches Hypergraph for Privacy-Focused Web3 AppsCrypto Gaming Weekly: Bonk Arena & FIFA Rivals Launch
The crypto gaming scene is buzzing with new releases and updates. Bonk Arena, Solana’s first official meme coin game, introduces a ‘pay-to-spawn, win-to-earn’ model, with half its revenue funding token burns and charity. Meanwhile, FIFA Rivals, launching June 12, combines FIFA branding with blockchain-powered gameplay, featuring Adidas collaborations and NFT player cards. Other notable updates include Flappy Bird’s Web3 push, Sparkball’s Somnia network integration, and Dogami’s potential strategic sale. These developments highlight the rapid growth and diversification of blockchain gaming.
about Crypto Gaming Weekly: Bonk Arena & FIFA Rivals LaunchRonin Integrates The Graph for Real-Time Blockchain Data
Ronin’s integration with The Graph marks a significant step forward for blockchain developers, offering streamlined access to real-time and historical data through custom subgraphs. This eliminates the need for manual data extraction, empowering developers to build dashboards, AI agents, and dApps more efficiently. The Graph’s indexing protocol acts like ‘Google for blockchain,’ making Ronin’s ecosystem more developer-friendly. Additionally, Ronin has recently upgraded its token bridge with Chainlink’s CCIP for safer cross-chain transfers and hosted a multi-language bootcamp to educate developers. Rocket Pool’s support for ETH staking on Ronin, using rETH for liquidity, further enhances the network’s utility. As of now, RON’s price has risen by 2.55%, pushing its market cap above $352 million.
about Ronin Integrates The Graph for Real-Time Blockchain DataOpenSea Launches OS2: Cross-Chain NFT Trading on 19 Blockchains
OpenSea has transitioned from beta to full release with OS2, offering a streamlined interface and cross-chain NFT trading across 19 blockchains, including Ethereum, Solana, and Polygon. The platform recorded $75 million in May 2025 transaction volume, reversing a five-month decline. A new XP-based rewards program, ‘Voyages,’ incentivizes user activity and may influence eligibility for the upcoming SEA token airdrop. Weekly unique collectors have surged by 40% since January, indicating sustained engagement despite broader NFT market stagnation. Additionally, the SEC closed its investigation into OpenSea without charges, reflecting a more targeted regulatory approach toward crypto fraud rather than blanket enforcement.
about OpenSea Launches OS2: Cross-Chain NFT Trading on 19 BlockchainsCrypto Games Realms of Alurya & Wonder Wars Shut Down
Realms of Alurya and Wonder Wars, two games on Ethereum’s Ronin network, are shutting down after failing to secure development funding. Wonder Wars’ developer, Hello Monster, cited unsustainable metrics, while Realms of Alurya lost support when Treasure terminated its publishing deal amid a pivot to AI. These closures reflect a growing trend of crypto game shutdowns in 2024, with financial constraints and low player engagement contributing to the decline. Other games like Nyan Heroes and Ember Sword have also shut down recently, while gaming tokens struggle in the market. The failures underscore the volatility and funding challenges in blockchain-based gaming.
about Crypto Games Realms of Alurya & Wonder Wars Shut DownSky Mavis Ends Partnership with 0x& Over Undisclosed Deal
Sky Mavis has officially ended its partnership with 0x&, the team behind Ragnarok: Monster World, citing a breach of trust due to an alleged undisclosed agreement with another blockchain. All support for the game, including NFT listings on Ronin Market and promotion, has been revoked. Sky Mavis founder Aleksander Larsen stated that 0x& failed to follow directions, leading to a loss of community trust. Meanwhile, 0x& claims full transparency and no contract violations. The split comes as Sky Mavis focuses on expanding the Ronin ecosystem, including the launch of a new MMO game, Axie Infinity: Atia’s Legacy, and collaborations like Fishing Frenzy. The company also recently relocked 75% of RON tokens to ensure long-term ecosystem stability.
about Sky Mavis Ends Partnership with 0x& Over Undisclosed DealCrypto Gaming Weekly: Ubisoft, Peaky Blinders & More
This week in crypto gaming, Ubisoft partners with Immutable to launch ‘Might & Magic: Fates,’ a free-to-play strategy card game on iOS and Android. Anonymous Labs announces a blockchain-based Peaky Blinders game set for 2026, while Dapper Labs introduces ‘Meowcoins’ for its CryptoKitties game on Telegram. Other highlights include the global launch of Mythical’s FIFA Rivals, updates to Ronin’s Pixels, and Axie Infinity’s investment in Uncharted. The roundup also features upcoming releases, tokenomics tweaks, and niche gaming trends, showcasing the rapid evolution of blockchain-powered entertainment.
about Crypto Gaming Weekly: Ubisoft, Peaky Blinders & More