RON (Ronin) rises 31.59% in 24 hours

Gate News: On May 19, according to Gate price data, as of the time of publication, RON (Ronin) is trading at $0.11355. Over the past 24 hours, it is up 31.59%, with a high of $0.14133 and a low of $0.08505. The 24-hour trading volume reached $3.373 million. Current marketcap is approximately $87.7062 million.

Ronin Network is an Ethereum Side Chain developed by Sky Mavis exclusively for the game Axie Infinity. By moving main operations from Ethereum to the application chain, user costs are reduced by several orders of magnitude, response times are faster, and Ronin Network wallets integrate a payment gateway, significantly lowering the deposit threshold.

RON recent important updates:

1️⃣ Completed migration to become an Ethereum L2, boosting its ecosystem status Ronin has officially completed its migration into the Ethereum ecosystem and become a Layer2 network built on OP Stack. This means Ronin will tap into Ethereum’s security and liquidity, bringing the Web3 game ecosystem and millions of GameFi users back to Ethereum, improving ecosystem recognition and application prospects.

2️⃣ RON inflation rate sharply declines, tokenomics model optimized The annual token release of RON is reduced from 45 million tokens to 5 million tokens, a drop of about 9x, with the annualized inflation rate falling to about 1.2%. New token rewards will be distributed to ecosystem builders via a “proof-of-allocation” mechanism, helping ease long-term token supply pressure and improve scarcity.

3️⃣ Ronin Treasury diversifies revenue, improving cash-flow support Ronin Treasury added three new revenue streams: remaining 90 million RON staking rewards, Sequencer net profits, and Ronin Marketplace fee income (raised from 0.5% to 1.25%). A diversified revenue structure helps support long-term ecosystem development and token value.

This news is not investment advice; investors should be aware of market volatility risks.