Hassan Maishera
On Wednesday, the Ronin Network announced via X that Ronin has completed its migration to the Ethereum network.
By joining forces with Ronin, Ethereum will inherit the only gamification engine of its kind, while Ronin will upgrade its tokenomics, security, treasury revenue, and builder rewards.
Ronin is now a Layer 2 on Ethereum. Ronin used to be an island, handling everything from onchain security to transaction processing itself.
Now, Ethereum is part of Ronin’s engine. That means Ronin will continue to work the same as before, and you’ll experience Ethereum’s stronger security and faster transactions.
RON’s previous inflation rate was over 20%. After this upgrade, it has dropped to less than 1%. That means 20x fewer tokens will enter circulation via reward emissions, and RON’s new inflation rate will be lower than USD.
Anyone who has contributed to Ronin’s growth can now earn automated RON rewards. Proof of distribution is a merit-based reward system that funnels RON to top builders based on Builder Scores.
Ronin Wallet is the crypto wallet developed for Axie Infinity. It operates on the Ronin blockchain, which works as a sidechain on the Ethereum network. The Ronin network makes it much cheaper to trade and breed Axies and greatly reduces the costs of playing Axie Infinity.
Ronin is an EVM blockchain specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title Axie Infinity, which has generated over $1.3B in revenue,
Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in NFT volumes.
Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games. RON is down 3.5% and currently trades at $0.1052 per coin.
