Exploration of the Potential of Ronin Network

The bull market that has lasted for more than two months has made investors more eager to seek potential value gaps, and it has also provided some established projects with a chance for rejuvenation. As an established public chain founded in 2021 and having undergone the baptism of the bear market, Ronin Network has made continuous efforts in 2023 and embraced a new beginning at the beginning of 2024.

Data shows that the number of active addresses on the Ronin Network has grown by 3225% in the past three months, reaching a peak of 693,000 on January 25. Its token, Ron, has seen an increase of over 800% in the past three months, with the current price at $3.18. What exactly is the Ronin Network? Why is it so popular among investors? As a professional blockchain platform focused on innovating gaming, what advantages does the Ronin Network offer? Let's explore through this article.

From Axie Infinity to Ronin Network

Ronin was developed by the technology-focused game studio Sky Mavis, founded by Yale graduate Jeffrey Zirlin, who worked at Sky Mavis for over four years, and blockchain expert Alexander Leonard Larsen, who is also one of the founders of Axie Infinity.

Axie Infinity was the leading chain game that created the GameFi craze during the last bull market, with peak monthly revenue reaching 300 million USD, and daily revenue once exceeding Honor of Kings, giving rise to large gaming guilds such as YGG. The success of Axie Infinity attracted a large number of gaming enthusiasts and developers to the Web3 gaming field, shaping today's GameFi landscape. However, as the number of new players increased, Ethereum's slow settlement times and high Gas fees gradually raised the entry costs for players, leading to a decrease in new users, and combined with the entire market entering a bear market, Axie Infinity fell into difficulties.

To solve the problems of Axie Infinity, Ronin was born. As a long-term scaling solution designed specifically for Axie Infinity, Ronin is a concept proposed by Sky Mavis, the creator of Axie Infinity. Before the creation of Ronin, Sky Mavis collaborated with the Loom Network. However, the Loom Network and its developers wanted to optimize the network for enterprise-level solutions rather than just user-friendly applications. The Sky Mavis team was dissatisfied with this and decided to end the collaboration and develop their own blockchain, the Ronin Network.

As an EVM-compatible chain designed specifically for gaming, Ronin aims to completely address key issues such as the high Gas fees and slow transaction speeds associated with Ethereum in games, providing players with a smoother and seamless gaming experience. Currently, Ronin shows great potential in the NFT trading market, having processed over $4 billion in transactions while attracting millions of daily active users.

2023 is extremely important for Ronin. In January, the desktop game aggregation platform Mavis Hub was launched; in March, the RON staking feature was introduced; in April, it switched to a delegated proof-of-stake mechanism and upgraded Ronin Wallet; in May, the NFT marketplace Mavis Market was launched; in September, the blockchain game project Pixels migrated from Polygon to Ronin; in October, the mainnet announced the launch of the Lucas upgrade and the Shillin hard fork; in November, a partnership was established with South Korean game company ACT Games; and in December, collaborations were made with several globally renowned game studios to further expand the gaming ecosystem.

The steady development of the Ronin Network has gained the trust of market investors, particularly benefiting from its close cooperation with Axie Infinity. The latter, as a massive traffic pool, provided Ronin with initial traffic and a user base. Ronin's market share in the blockchain gaming sector once surpassed BNB Chain, ranking first, with daily active addresses consistently above 600,000. This traffic support has enabled RON to achieve an over 800% increase in the past three months. Currently, the price of RON is $3.18, essentially recovering to the high point of the last bull market. This further proves Ronin's market competitiveness and investor confidence.

How Ronin Network Works and Its Advantages

Ronin Network is an innovative blockchain platform based on Delegated Proof of Stake ( DPoS ) consensus mechanism, aiming to provide a highly scalable environment for gamers and developers. Through advanced technology and economic models, Ronin Network successfully addresses issues such as scalability and high transaction fees on the Ethereum network.

Sidechain Architecture

As an Ethereum sidechain, Ronin has an independent block generation mechanism and consensus algorithm, allowing for asset interoperability with the Ethereum mainnet through bridging. This architecture enables Ronin to focus more on optimizing gaming scenarios while maintaining a connection to the Ethereum ecosystem. Through the Ronin bridge, users can freely transfer assets between the two chains.

Hybrid Consensus Mechanism

The Ronin Network adopts a hybrid consensus mechanism of Proof of Authority (PoA) and Delegated Proof of Stake (DPoS). PoA uses identity as a stake to quickly achieve transactions, while DPoS allows token holders to delegate their voting rights to validators. This hybrid mechanism increases decentralization and security while maintaining high transaction throughput and low confirmation times.

( Highly scalable blockchain platform

Ronin Network has the following technical advantages:

• High throughput: capable of processing 100,000 transactions per second
• Low Latency: Fast transaction confirmation and response
• Low transaction fees: more economical than Ethereum
• Compatibility: Compatible with Ethereum Virtual Machine )EVM(

![What is the potential of Ronin Network, which was jointly initiated by the founders of Axie and is experiencing vigorous ecological development?])https://img-cdn.gateio.im/webp-social/moments-8865d3b4effa67034d203852ac495033.webp###

( RON token economic model

RON is the native token of the Ronin Network, with multiple functions:

• Transaction fee payment
• Cybersecurity and Staking
• Participate in governance decisions

RON allocation: 30% to Sky Mavis, 30% for community incentives and development, 15% as ecosystem fund, and the remaining distributed through staking rewards.

![What is the potential of the Ronin Network, initiated by the co-founders of Axie and thriving in the ecosystem?])https://img-cdn.gateio.im/webp-social/moments-fef4cc1294793c1bf40267090e6fff9d.webp(

Overall, Ronin Network has built a highly scalable blockchain platform through its sidechain architecture, hybrid consensus mechanism, and RON token economic model. These technological advantages make it an ideal choice for the gaming industry and developers, providing a solid foundation for the development of the entire ecosystem.

A Review of Popular Blockchain Games on Ronin Network

Ronin Network, as a blockchain platform focused on gaming innovation, has given more players and developers hope for Web3 blockchain games. Leveraging the early success of Axie, Ronin has collaborated with several globally renowned game studios. At the same time, its outstanding performance has attracted established blockchain game projects to join, solidifying its position as a mainstream blockchain gaming platform.

) Axie Infinity

Axie Infinity is the largest game on Ronin, allowing players to breed, raise, and battle Axies. It pioneered the Play-to-Earn model in 2021 and remains one of the most popular web3 games worldwide.

Ronin was initially designed for the Axie ecosystem and is now an important infrastructure for it. Recently, Axie launched the AXP mechanism, allowing players to upgrade their Axies through winning points in Origins. This marks the transformation of Axies from passive characters to upgradeable organic beings, indicating that similar on-chain upgrade mechanisms may become popular in the NFT and gaming sectors.

![What is the potential of Ronin Network, jointly initiated by the Axie founders with a thriving ecosystem?]###https://img-cdn.gateio.im/webp-social/moments-33b540a87d38e504824adb4140b7ca01.webp(

) Pixels

Pixels is a social, casual, open-world Web3 game and platform launched in 2021. As a pixel-style metaverse farming game, it recreates the classic 16-bit RPG atmosphere, allowing players to interact, farm, play mini-games, and earn token rewards in the pixel world.

Pixels originally ran on Polygon and migrated to Ronin in 2023. Since then, the number of active users on Ronin has significantly increased, from about 20,000 in November to the latest 665,000, with a large portion coming from Pixels. Pixels has become another leading chain game on Ronin after Axie Infinity.

Currently, Pixels has integrated over 90 Web3 projects. In terms of financing, it has raised 4.8 million dollars, led by Animoca Brands and PKO Investments. PIXEL is the native token and is the latest IEO project from Binance, launched on the 19th at 0.04 dollars, with a first-day increase of over 11500%, and the current price has exceeded 0.5 dollars.

![What is the potential of Ronin Network, jointly initiated by the founders of Axie and thriving in ecology?]###https://img-cdn.gateio.im/webp-social/moments-2d8ea7f78ee0a2f62bbcc2317cf71a03.webp(

) Zoids Wild Arena

Zoids Wild Arena is a TCG game developed by South Korea's ACT Games, where players can collect cards of mechanical creatures from the Zoids series to battle. In November 2023, Ronin developer Sky Mavis partnered with ACT Games to plan to bring all of ACT's games to Ronin. Zoids Wild Arena is the first game to be migrated.

This marks the substantial phase of collaboration between Sky Mavis and ACT Games. The entry of traditional games into Ronin is an opportunity. Sky Mavis CEO Trung Nguyen stated that this alliance aims to combine Web3 knowledge with nostalgic IP supported by the existing core fan base, with the potential to expand the audience and increase engagement.

![What is the potential of Ronin Network, co-initiated by Axie founders, with a thriving ecosystem?]###https://img-cdn.gateio.im/webp-social/moments-b89ddfc3adf1f37c74798ce63e7fb481.webp(

![What is the potential of Ronin Network, initiated jointly by the founders of Axie and flourishing in its ecosystem?])https://img-cdn.gateio.im/webp-social/moments-31bf642a363e4918dc96c89159c7f0e1.webp###