Ecosystem Report for Cronos Chain: Mainnet Launch, Bubble Maps

Cronos Activity, Price Action

The last two weeks of September that closed out Q3 2022 were marked by a series of interesting developments within the Cronos Ecosystem. Here is a look at some of them:

• Full mainnet launch: On Sept. 22, Cronos Chain, in a Twitter post, informed users that the Ethereum Virtual Machine (EVM)-compatible blockchain is set to launch officially on the mainnet. Since its beta launch on Nov. 8, 2021, the blockchain has become home to more than 300 Decentralized Applications (dApps). In addition, over 500 million transactions have been processed on the chain by close to a million users.

• An uptick in Social Activity: According to data from cryptocurrency social analytics platform LunarCrush, Cronos Chain’s native coin $CRO recorded a spike in its social activity between Sept. 19-23. Its social mentions went up by 40% to stand at 37,000 by Sept. 23. Also, its social engagements increased by 14% within the same period, to a total of 61.6 million. This, according to LunarCrush, led to a 13% rally in the price of the CRO coin within that period.
• Addition to Bubblemaps: For better insights into user activities of the dApps built on Cronos blockchain, the network was added to Bubblemaps on Sept. 29. Bubblemaps is a blockchain analytics platform that offers on-chain data in various visualized formats. Cronos has joined the Ethereum, BNB Chain, Avalanche and Fantom networks on the list of networks available on Bubblemaps.

$CRO Since Sept. 16

According to data from CoinMarketCap, $CRO traded at $0.1106 as of this writing. Within the last two weeks, the price of the asset rallied to a high of $0.1242 on Sept. 24. With the bulls failing to hold the momentum, the bears initiated a price retracement that caused CRO to shed 11% of its gains in the past five days.