There are some projects in the crypto world that, when you hear their name, both think of possibilities and also bring to mind some terrible events. I think Ronin is just such a name. The network that once introduced millions of people to blockchain gaming through Axie Infinity has made another big decision. But this time, their goal is not just to become popular, but to become more secure and stronger, leaving their past weaknesses behind.
Ronin recently announced that they are moving out of their independent sidechain status and converting to Ethereum Layer 2. At first, it seemed like a simple update, but when I read the whole thing, I realised that this is actually a very big strategic change. Because security, scaling, and user trust—these three things have now become the most important in the world of blockchain.
I remember that in 2022, Ronin Network was the victim of the largest DeFi bridge hack in history. The loss of about $625 million was a big blow not only for Ronin but for the entire crypto industry. At the time, many thought that the network might not be able to recover. But over time, it turned out that they were slowly rebuilding themselves.
Now, I see the decision to move to Ethereum Layer 2 as a “comeback”. Because the Ethereum ecosystem is still one of the strongest and most secure networks. When Ronin uses the OP Stack to integrate itself with the security of Ethereum, user confidence can increase much more than before.
But not only security, but also the change in their tokenomics seems quite important to me. They said that with the new “Proof of Distribution” model, instead of just getting rewarded by staking, those who actively contribute to the network will benefit more. In my opinion, this is a good move. Because it will make people more interested in working in the ecosystem than just holding tokens.
The most surprising thing is that they plan to reduce the inflation of the RON token from over 20 per cent to under 1 per cent. Inflation in the crypto market often reduces the long-term value of a token. So this decision to reduce supply is being seen as a positive message to investors. Perhaps this is why the price of the RON token has seen a good rise in the past few weeks.
Another thing that has me thinking. Ronin has increased its marketplace fee from 0.5 per cent to 1.25per centt. In general, many people view fee increases negatively. But if that money is used for ecosystem development, security, and long-term sustainability, it can ultimately bring good results for the network.
However, there is no way to deny the reality. During this migration, the network will be down for about 10 hours. This means that transactions, swaps, and even on-chain action of blockchain games will be temporarily stopped. This can be a bit annoying for the gaming community. But I think sometimes you have to accept small inconveniences for big changes.
Currently, the blockchain gaming sector has become much more competitive than before. New networks are coming every day. So it is not possible to survive just on hype. The projects that can create real security, scalability and sustainable economy will survive in the future. I feel that this step by Ronin is part of that effort.
Finally, I personally think that this migration is not just a technical upgrade. It is an attempt to create a new identity for Ronin. They now want to establish themselves as a more mature and secure network, having come out of the memories of the big hacks of the past. Only time will tell how successful this decision will be in the future, but one thing is for sure—Ronin has once again managed to catch the attention of the entire crypto gaming industry.