The game project Fableborne on the Ronin chain is finally making big moves. Their governance token $POWER has just launched perpetual contract trading on a major exchange, and the fully diluted valuation (FDV) has already surged to around $240 million.

Fableborne has been deeply cultivating the gaming sector within the Ronin ecosystem. This time, $POWER's rapid entry into mainstream derivative markets shows that the project's market attention is on the rise. In terms of valuation, a scale of $240 million is considered above average in the current blockchain gaming sector, but whether it can sustain this price will depend on the performance of the community and the product going forward.

The Ronin ecosystem has been active in recent years, from the hype brought by Axie to new projects gradually emerging; activity on the chain has never really stopped. This move by $POWER adds more fuel to Ronin, and now it remains to be seen if the trading volume can keep up.