Key Takeaways
- Ronin (RON) is a blockchain specifically designed for games. It was built by Sky Mavis, the team behind the popular play-to-earn game Axie Infinity.
- The project aims to support the development of games with player-owned economies, focusing on scalability to handle large numbers of users.
- Ronin has a built-in bridge to facilitate transfers between the Ronin blockchain and Ethereum. However, in March 2022, the Ronin Bridge was exploited for about $625 million, making it one of the biggest hacks in DeFi’s history. In August 2024, a bug in a bridge upgrade let white-hat hackers withdraw about $12 million, which they returned.
What Is Ronin (RON)?
The Ronin blockchain is a gaming-focused platform created by Sky Mavis, the developers behind the popular play-to-earn title Axie Infinity. Ronin is an Ethereum Virtual Machine (EVM) compatible blockchain that ran as its own layer-1 network until May 12, 2026, when it became an Ethereum Layer 2. It aims to create a fast, affordable, secure blockchain designed for the play-to-earn gaming market.
How Does Ronin (RON) Work?
Ronin operates as a blockchain specifically designed for the gaming world. Here’s a breakdown of how it functions:
Underlying Tech
Built on the Ethereum Virtual Machine (EVM), Ronin benefits from existing tools and infrastructure for developers creating games with blockchain elements.
Focus On Scalability
Since May 2026, Ronin has been an Ethereum Layer 2 built on Optimism’s OP Stack. Before that, its Delegated Proof-of-Stake (DPoS) consensus mechanism handled many transactions efficiently, keeping transaction fees low, and users staked RON tokens to take part in validation.
Ecosystem Features
Ronin Wallet
Ronin Wallet is a digital wallet that allows users to store, manage, and transfer RON tokens and other crypto assets in Ronin-based games like Axie Infinity.
Other Features
The Ronin network offers additional functionalities, such as Ronin Name Service, which creates human-readable wallet addresses;
And Ronin Market (formerly Mavis Market), a non-custodial NFT marketplace.
Evolution Of Ronin
Previously Proof-of-Authority (PoA)
In earlier stages, Ronin relied on PoA, which was efficient but centralized.
Shift To Delegated Proof-of-Stake (DPoS)
The switch to DPoS in March 2023 aimed to balance scalability with increased decentralization and user involvement. That model ended on May 12, 2026, when Ronin hard-forked into an Ethereum Layer 2. Staking rewards were replaced by Proof of Distribution, which pays RON to builders for the activity they bring to the network.
Ronin (RON) Token And Tokenomics
Tokenomics
The RON token is Ronin’s native cryptocurrency. It is used for:
- Utility
- Governance
- Staking (until May 2026)
- Transaction Fees
Token Details
Total Supply 1,000,000,000 RON
Circulating Supply 772,401,679 RON
Price $0.066
Market Capitalization $51,002,695
This information is from CoinGecko as of October 10, 2026, and the token’s price, market value, and available supply may fluctuate.
Distribution
- Staking Rewards (25%)
- Community Incentives (30%)
- Sky Mavis (30%)
- Ecosystem Fund (15%)
Where Can I Buy Ronin (RON)?
Binance – Binance is a major exchange offering a wide range of cryptocurrencies. It offers multiple ways to buy crypto, including credit cards, debit cards, and peer-to-peer (P2P) trading.
Gate (formerly Gate.io) – This exchange provides RON trading, other cryptocurrencies, and margin trading options.
BingX – This exchange also offers RON trading with various features, including perpetual contracts and margin trading.
Is Ronin (RON) A Good Investment?
Pros:
- Focus on Gaming – Ronin is built specifically for the gaming industry, meaning it can handle the large volume of transactions required for play-to-earn games like Axie Infinity.
- Scalability and Efficiency – Ronin is an Ethereum Layer 2 built on Optimism’s OP Stack, offering faster transaction speeds and lower fees than the Ethereum mainnet.
Cons:
- Centralized – Until May 2026, besides DPoS, Ronin used a consensus mechanism called Proof-of-Authority (PoA) that selected a group of validators chosen by the Ronin team responsible for verifying transactions.
- Security Breach – In March 2022, Ronin suffered a major exploit, and hackers stole about $625 million worth of cryptocurrency.
What Axie’s Growth Says About Ronin
Sky Mavis’ infrastructure has allowed its games like Axie Infinity to scale to nearly 3 million users, and it is the only Web3 game to reach that level of success. However, from an investment perspective, investors should still be careful when considering the pros and cons of the project before making any decisions.
