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About Ronin
Key Points:
- Ronin is an EVM blockchain for gaming, launched by Sky Mavis, the creator of Axie Infinity.
- Ronin has processed over $4B in NFT volumes and has 250,000 unique daily active addresses.
- Ronin has a TVL of $5 billion, 2 million wallet downloads, and 15% of all NFT transactions.
- Ronin is environmentally friendly, with one Bitcoin transaction using as much energy as 695,505,316.31 Ronin transactions.
- Ronin is backed by top investors like Accel, a16z, Binance Labs, Animoca Brands, Paradigm, Libertus, and Mark Cuban
About Ronin
In the realm of blockchain gaming, Ronin emerges as a trailblazing platform, meticulously crafted to revolutionize the gaming experience.
Introducing Ronin (RON): A Comprehensive Overview
Ronin is a bespoke EVM blockchain, meticulously crafted for the gaming ecosystem. Founded by Sky Mavis, the visionary behind Web3’s phenomenal success story, Axie Infinity, which has garnered a staggering $1.3 billion in revenue. As the only blockchain to have successfully scaled a single game to accommodate millions of daily active users, Ronin has facilitated an impressive $4 billion in NFT volumes. By optimizing for near-instant transactions and negligible fees, Ronin enables millions of seamless in-game transactions, solidifying its position as the premier choice for Web3 games.
In its inaugural nine months, Ronin has achieved a remarkable milestone, boasting 250,000 unique daily active addresses, a staggering $5 billion in Total Value Locked (TVL), over 2 million wallet downloads, and a significant 15% market share of all NFT transactions. Furthermore, its decentralized exchange, Katana, has emerged as the second-most popular DEX by weekly active users, facilitating seamless token swaps within the Axie Infinity ecosystem.
The Visionaries Behind Ronin: A Team of Innovative Minds
Ronin was conceived by Sky Mavis, the visionary team responsible for Axie Infinity, and bolstered by the support of esteemed investors, including Accel, a16z, Binance Labs, Animoca Brands, Paradigm, Libertus, and Mark Cuban. The brainchild of cofounders Jeffrey Zirlin and Alexander Leonard Larsen, Ronin embodies the innovative spirit of its creators.
Unveiling the Unparalleled Attributes of Ronin
Ronin has been rigorously battle-tested and has demonstrated its scalability. Notably, in 2021, it processed a substantial 15% of the total NFT trading volume, serving as the premier platform for all Axie Infinity assets, including Axies, Land, SLP, and AXS. Impressively, Ronin ranks second only to Ethereum in terms of NFT sales by volume. While numerous alternative chains exist, Ronin stands out as the sole platform that has successfully scaled to accommodate millions of daily users for a single game.
Ronin is meticulously engineered for gaming excellence, stripping away the unnecessary complexities inherent in other permissionless blockchains. We dedicate ourselves to handpicking exceptional applications and ensuring a seamless, high-uptime experience for gamers, free from the distractions of spam.
Ronin boasts an environmentally conscious approach, distinguishing itself from other chains. To put this into perspective, a single Bitcoin transaction consumes the same amount of energy required to facilitate a staggering 695,505,316.31 Ronin transactions.
Ronin is backed by Sky Mavis, the visionary minds behind Axie Infinity, the #1 NFT project in terms of adoption and all-time volume. By virtue of building and scaling Axie Infinity, Sky Mavis has garnered invaluable expertise in product development, community cultivation, and go-to-market strategies, which can be leveraged by partners deploying on the network. Furthermore, Sky Mavis provides advisory support and grants to mitigate risk and enhance the prospects of success for games seeking to launch.
Ronin boasts an impeccable security profile. As a trailblazer in the space, Sky Mavis has been at the forefront of addressing scaling challenges and security threats, often ahead of the curve. In March 2022, the company faced a significant hurdle when it fell victim to The Ronin Validator Breach, resulting in the loss of 173,600 ETH and 25.5M USDC from the Ronin bridge. Notably, this incident was not attributed to a technical vulnerability, but rather a sophisticated, socially engineered attack orchestrated by an elite group of hackers. This experience prompted Sky Mavis to adopt a fully antifragile, zero-trust organizational posture. In response, the company has implemented stringent internal security protocols to prevent future breaches. A comprehensive review and optimization of all code has been conducted, with security experts meticulously auditing the entire architecture. Details regarding the audit findings and security enhancements can be accessed
here
.
The Circulating Supply of Ronin (RON) Coins: An Overview
RON was inaugurated via a pool on its native Katana DEX, eschewing private sales, and will be disseminated through an incentivized liquidity program. The issuance will undergo a quarterly reduction, with a total supply of RON capped at 1 billion, slated to be attained 108 months subsequent to the initiation of issuance.
RON is allocated as follows:
- Rewards (25%): Staking and bridge incentives, fostering a robust ecosystem.
- Community (30%): Empowering creators through liquidity mining, content creation, rewards programs, grants, and hackathons, driving engagement and innovation.
- Team (30%): Sky Mavis, the visionary force behind Ronin’s development.
- Ecosystem fund (15%): Fueling innovation through strategic grants, investments, and hackathons, bringing groundbreaking content, applications, and tooling to Ronin.
For a comprehensive overview, please consult our Whitepaper:
https://docs.roninchain.com/basics/tokenomics
Acquiring Ronin (RON): A Comprehensive Guide to Exchanges and Marketplaces
RON is conveniently accessible on esteemed platforms such as Katana DEX and OKX, as well as numerous other avenues. For a comprehensive walkthrough, kindly refer to our Guide on Buying RON.
For those seeking to delve into the world of cryptocurrency investment, our comprehensive guide provides a wealth of information on how to initiate your cryptocurrency-buying journey.
Associated Resources:
Discover Axie Infinity (AXS), the esteemed governance token powering the immersive Axie Infinity gaming experience.
Discover Smooth Love Potion (SLP), the coveted in-game token that fuels the captivating world of Axie Infinity.
Introducing Wrapped Ronin (WRON), the innovative ERC20 iteration of Ronin tokens, reimagined for seamless integration.
Delve into the realm of the Metaverse: a revolutionary concept redefining the boundaries of virtual interaction and immersive experience.
Stay ahead of the curve with the latest cryptocurrency news and expert trading insights, courtesy of the CoinMarketCap blog.