
Ronin RONPrice $ 0.558
Rank: 176
RON Price
Recently, the Ronin Bridge was hacked. Please do your own research and proceed carefully. For more information, please read this announcement: https://x.com/shoucccc/status/18...
General Info
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Ronin
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Ronin (RON) Chart
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What is Ronin (RON)?
Ronin is a L2 EVM blockchain specifically designed for gaming applications, developed by Sky Mavis, the creators of the popular blockchain game Axie Infinity. It functions as an Ethereum sidechain and aims to address the limitations of Ethereum, such as high transaction fees and slow processing times, which hindered the adoption of decentralized gaming platforms.
Key Features of Ronin Blockchain
Gaming-Focused Design
Ronin was created to support decentralized gaming applications, particularly play-to-earn games like Axie Infinity. It enables players to trade in-game assets, participate in tournaments, and earn rewards seamlessly.
The blockchain facilitates player-owned economies, allowing users to truly own and freely trade their digital assets.
Scalability and Cost Efficiency
Ronin employs layer-2 scaling solutions to provide fast and cost-effective transactions. The average transaction fee on Ronin is approximately $0.0013, significantly lower than Ethereum's fees.
Transactions are confirmed almost instantly, making it ideal for high-volume gaming activities.
Security
The network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, where token holders select validators to secure the network. This system combines robust security with decentralized governance.
EVM Compatibility
Ronin is compatible with Ethereum Virtual Machine (EVM), enabling developers to use Ethereum tools and infrastructure for creating games with player-owned economies. This interoperability allows seamless token transfers between Ethereum and Ronin networks.
Ronin Price Today
Ronin's current price is $ 0.558, it has increased +2.17% over the past 24 hours.
Ronin's All Time High (ATH) of $ 4.46 was reached on 26 Mar 2024, and is currently -87.5% down.
The current circulating supply of Ronin is 619.39 Million tokens, and the maximum supply of Ronin is 1.00 Billion.
Ronin’s 24 hour trading volume is $ 8.83 Million.
Ronin's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 345.72 Million.
You can find more details about Ronin on its official website and on the block explorer.
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