$50 billion market cap top
The Ronin Network Overview
@Ronin_Network is an Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain built for gaming by Sky Mavis, the creators of Axie Infinity.
Launched in February 2021, it addresses Ethereum’s high gas fees and scalability issues, offering near-instant transactions and negligible fees to support player owned economies in Web3 gaming.
Initially using Proof of Authority (PoA), Ronin transitioned to Delegated Proof of Stake (DPoS) in April 2023 for greater decentralization, enabling RON token holders to participate in validator selection.
The network has processed over $4.3 billion in NFT volume and achieved a peak of 2.27 million daily active addresses in 2024.
Key Features
- Fast, low-cost transactions (under $0.001) and tools like sponsored transactions for smooth onboarding.
- Supports Ethereum tools like Hardhat and Remix.
- Ronin Wallet, Katana DEX, Mavis Market for NFTs, and Ronin Bridge for Ethereum interoperability.
- Ronin became permissionless and integrated Chainlink’s CCIP for cross-chain security.
- RON (for transactions, staking, governance), AXS (governance), SLP (rewards), PIXEL (Pixels), APRS (Apeiron).
Notable Games on Ronin
Axie Infinity: Pokémon inspired P2E strategy game with NFT creatures, peaking at 2.8M daily players and $42M daily transactions, generating $1.3B revenue.
Pixels: Open-world farming MMO migration from Polygon boosted DAUs from 4.7K to 1.3M in 2024.
Apeiron: God simulation strategy game, free-to-play hybrid in open beta using APRS token.
Other games include The Machines, Wild Forest, Kaidro, Ragnarok, Tribesters, Forgotten Runiverse, Rumble Kong League (Backed by Steph Curry) and Battle Bears Heroes.
Ronin is considered to be the peak of GameFi.
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