RON
Ronin Network
RON

Ronin Network price

in USD
$0.4619
-$0.0226 (-4.67%)
USD
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Market cap
$320.15M
Circulating supply
693.12M / 1B
All-time high
$4.563
24h volume
$5.95M
3.8 / 5
RONRON
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About Ronin Network

RON, the cryptocurrency of the Ronin Network, plays a vital role in powering one of the most prominent blockchain ecosystems for Web3 gaming. Designed to support seamless and scalable gaming experiences, RON serves as the fuel for transactions, staking, and governance within the network. Its primary purpose is to enable fast, low-cost, and secure operations while fostering a player-owned economy. Ronin’s integration with Ethereum as a Layer 2 solution amplifies its security and connectivity, making it a key player in blockchain gaming. Whether you're trading NFTs, engaging in DeFi, or exploring in-game economies, RON is the backbone of this ecosystem, driving innovation and accessibility for all users.
AI insights
Layer 1
Gaming
Official website
White Paper
Block explorer
CertiK
Last audit: Mar 30, 2023, (UTC+8)

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Ronin Network’s price performance

Past year
-74.67%
$1.82
3 months
+5.81%
$0.44
30 days
-12.09%
$0.53
7 days
-8.72%
$0.51
90%
Buying
Updated hourly.
More people are buying RON than selling on OKX
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Ronin Network on socials

Schankara.ron
Schankara.ron
Playing Atias Legacy. First impression = 👍 @Ronin_Network @AxieInfinity $RON $AXS
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Onairos.ron
Onairos.ron
It's still so weird to me that $RON was $4 and $IMX was $3.5 back in March 2024. What were the catalysts back then? I'm in Ronin so I can't speak for IMX. But looking back, I think March 2024 was the peak of crypto gaming where a lot of people were coming back from being MIA. On Ronin, that was matched with high-visibility projects like Kaidro, WF, and even TMA; everyone was bullish, everyone was racking up $RON. When did we run out of gas as a community? Maybe this time, crypto gaming got hyped first and others lagged? We just need that strong catalyst to bring back the narrative to crypto gaming, and I sure hope it's @Ronin_Network that will front it. Thoughts?
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Minggoy.ron
Minggoy.ron
Atias Legacy playtest drops today! Sep 25 Super excited for this new flagship game from the Axie IP. I've been an Axie fan since the 2021 crypto gaming onboarding. Axie was the first breakthrough in crypto gaming—and it’ll keep leading the way. LFG! #CryptoGaming $AXS $RON
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Ronin Network FAQ

Ronin Network, an Ethereum Virtual Machine (EVM) blockchain, is purpose-built for P2E games. Created by Sky Mavis, it houses the globally renowned Axie Infinity. The network has transitioned to the Delegated Proof of Stake (DPoS) system, empowering users to become validators and help secure the network. 

Beyond facilitating in-game earnings, the Ronin Network offers staking opportunities and enables participation in project governance. By converging gaming and crypto benefits, it has played a pivotal role in expanding crypto adoption.

Easily buy RON tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the RON/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for RON with zero fees and no price slippage by using OKX Convert.

Currently, one Ronin Network is worth $0.4619. For answers and insight into Ronin Network's price action, you're in the right place. Explore the latest Ronin Network charts and trade responsibly with OKX.
Cryptocurrencies, such as Ronin Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ronin Network have been created as well.
Check out our Ronin Network price prediction page to forecast future prices and determine your price targets.

Dive deeper into Ronin Network

Blockchain technology has seen consistent advancements, including improved scalability, the introduction of non-fungible tokens (NFTs), and the development of the metaverse. These innovations have positively impacted the blockchain gaming sector, especially with the adoption of the play-to-earn (P2E) model. This approach, which rewards players, has led to the creation of many metaverse projects, such as Ronin.

What is Ronin Network

Developed by Sky Mavis, Ronin is an Ethereum Virtual Machine (EVM) blockchain tailored for the unique demands of crypto gaming. Sky Mavis, also behind the immensely successful Axie Infinity game boasting over $1.3 billion in revenue, proves Ronin's potential as an optimal gaming blockchain. Within its first nine months, Ronin recorded 250,000 daily active addresses and amassed $5 billion in Total Value Locked (TVL).

The Ronin Network team

Sky Mavis, a technology-driven game studio, developed the Ronin Network. Jeffrey Zirlin and Alexander Leonard Larsen founded the studio. While Zirlin, a Yale graduate, dedicated over four years to shaping Sky Mavis, Larsen entered into the blockchain space in 2017, co-founding not just Sky Mavis but also the popular Axie Infinity.

How does Ronin Network work

Specifically designed for blockchain gaming, Ronin functions as an Ethereum-linked sidechain. Its crown jewel is Axie Infinity, and games within its ecosystem use the RON token for in-game purchases, such as NFTs. Thanks to the Ronin Bridge, users can smoothly transfer their in-game assets to the Ethereum mainnet, converting their gaming gains into cryptocurrencies.

Initially operating under the Proof of Authority (PoA) consensus, Ronin transitioned to the Delegated Proof of Stake (DPoS) for heightened decentralization. This shift allowed anyone holding a substantial amount of RON tokens to become a validator, bolstering network accessibility and enhancing its decentralization. The platform encourages user participation by allowing them to become validators or delegators, ensuring network security and earning rewards in return.

RON tokenomics

Launched in late January 2022, RON is the native token of the Ronin Network. Its total supply is capped at 1 billion RON. RON powers the platform, facilitating transactions and in-game purchases. Beyond that, it serves as a governance token and staking medium.

Distribution of RON

RON is distributed in the following way:

  • 30 percent for community engagement, encompassing content creation, rewards, liquidity mining, grants, and hackathons
  • 30 percent allocated to the team
  • 25 percent earmarked for staking rewards
  • 15 percent dedicated to the ecosystem fund

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Ronin
Consensus Mechanism
Ronin utilizes a Delegated Proof of Stake (DPoS) consensus mechanism, where community-elected validators are responsible for securing the network and validating transactions. Core Components of Ronin’s Consensus: 1. Delegated Proof of Stake (DPoS): Community Voting for Validator Selection: RON token holders delegate their tokens to vote for validators, who are then selected to produce blocks, validate transactions, and maintain network security. Validators with the most votes are chosen to participate in consensus. Periodic Validator Rotation: Validators are regularly rotated based on community votes, enhancing decentralization and preventing long-term control by any single validator group. This rotation supports both security and fairness. 2. Incentive-Driven Voting System: Alignment with Community Interests: The voting system ensures that validators remain aligned with community goals. Validators that fail to perform adequately or act against network interests may lose votes and be replaced by more trusted participants.
Incentive Mechanisms and Applicable Fees
Ronin’s incentive model combines rewards, slashing mechanisms, and governance features to support network security and encourage active community participation. Incentive Mechanisms: 1. Rewards for Validators and Delegators: Staking Rewards for Validators: Validators earn RON tokens as rewards for successfully producing blocks and validating transactions. These rewards incentivize validators to fulfill their duties diligently, maintaining network stability. Delegator Rewards: Delegators who stake their tokens with selected validators also earn a portion of the staking rewards. This sharing of rewards promotes broad participation from token holders in network security and governance. 2. Slashing Mechanism for Accountability: Penalty for Malicious Behavior: A slashing mechanism penalizes validators who act dishonestly or fail to meet performance standards by cutting a portion of their staked RON tokens. This deters misbehavior and encourages responsible participation. Delegator Risk: Delegators who stake with misbehaving validators are also subject to slashing, which encourages them to choose trustworthy validators and monitor performance carefully. 3. Governance Participation: RON Token for Governance: Beyond staking and transaction fees, the RON token enables token holders to participate in governance. This includes voting on network upgrades, validator selection, and other protocol decisions, giving token holders a voice in network direction and policy. Applicable Fees: • Transaction Fees: Fees are paid in RON tokens, contributing to validator rewards and helping to maintain network operations. These fees are designed to be affordable, ensuring accessibility for users while supporting validators’ roles.
Beginning of the period to which the disclosure relates
2024-09-24
End of the period to which the disclosure relates
2025-09-24
Energy report
Energy consumption
39420.00000 (kWh/a)
Energy consumption sources and methodologies
For the calculation of energy consumptions, the so called 'bottom-up' approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. These assumptions are made on the basis of empirical findings through the use of public information sites, open-source crawlers and crawlers developed in-house. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. The energy consumption of the hardware devices was measured in certified test laboratories. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
$320.15M
Circulating supply
693.12M / 1B
All-time high
$4.563
24h volume
$5.95M
3.8 / 5
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