Ronin's DeFi total value locked (TVL) surged 149% year-over-year to $147 million in Q3 2024, driven by a 30% rise in the RON token price and increased ecosystem adoption. Despite a 36% drop in native token TVL, RON holders grew by 11,611%, reaching 527,000. Katana DEX dominates with 99% of the TVL, while daily transactions soared 2,300% compared to Q3 2023, despite a 20% decline in average transaction fees. However, the platform faced security challenges, including a $12 million loss from a smart contract flaw in August 2024.
