Ronin Network
RON
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Ronin Network price
in USD$0.4794
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Market cap
$332.21M #106
Circulating supply
693.12M / 1B
All-time high
$4.563
24h volume
$4.67M
3.8 / 5
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.
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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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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Ronin Network’s price performance
Past year
-71.30%
$1.67
3 months
+1.22%
$0.47
30 days
+2.54%
$0.47
7 days
+2.13%
$0.47
Ronin Network on socials
I have nominated 9 creators to @GAM3Sgg_, I am missing one, who should it be?
I am a strong believer in hard work, regardless if I might dislike the person or not, hard work should be the only criteria to an award so here is my thought process:
- @cagyjan1: Why vote for myself? Because if you don’t believe in yourself, nobody will, it’s that simple.
On the content side, I’ve been pioneering this sector since 2020, and it’s been nonstop ever since: articles, opinions, tutorials, livestreams, vlogs you name it, I’ve done it all.
The numbers speak for themselves: I’ve got videos with millions of views, and even recently, several with over 100k+ views on YouTube one of the hardest platforms to break through. Total channel views: 10M+.
I deserve it. In fact, I’ve already won, regardless of whether I get the award. I’m just grateful to my fans and to everyone who helped me get to where I am today.
- @yellowpantherx: Yellow has been doing an amazing job going to events all year long and vlogging a style that, for those who’ve never done it, can be very daunting. Putting yourself in front of a crowd at the risk of looking or sounding stupid takes courage. I respect that kind of content.
- @GilaCees: Has been covering the @Ronin_Network ecosystem all year long with @TheRoninRadio, and one could argue that just covering Ronin alone deserves an award after all, Ronin is the strongest gaming ecosystem right now.
- @CryptoStache: Deserves an award as much as I do. He actually started before me, and his production quality is unmatched. Getting on camera every day and playing a character is underappreciated, I’ve done it myself, and it’s extremely hard to keep up for a long time.
- @iceyyy_gaming: has done a spectacular job covering the news on X. This is extremely hard to keep up to date with everything happening and delivering a video daily. I actually started with this content in 2020, I know what it takes, I respect it.
- @DUBCLUB_DC: Dub started as a community member in 2020, playing games with me every day. With a family and a full-time IRL job, he still finds time to play games and upload content to our gaming channel @JuiceGamingNews, which now has almost 20K subscribers.
That’s why when people tell me “I don’t have time,” I know it’s usually because they don’t want it badly enough. DubClub is a perfect example of overachieving while still handling real life.
- @InspectorMNBL: Has single-handedly carried crypto gaming on YouTube this year. This guy is pumping out content almost every day, and don’t get it twisted, YouTube is the platform to onboard users. In fact, I don’t think we’d even have CT without the YouTube top funnel.
- @Yin_NGMI: I really enjoy Yin’s content. This is a pure gaming creator testing all games for what they are. No token talk. No NFT talk. Just gaming. That kind of content is rare and much needed in this space. Honestly, I’d argue that this award should go to people who are actually playing games… but that’s a convo for another day.
- @apexjuiced_: Co-founder of @JuiceGamingNews, this guy uploads two articles a day and has led our platform to massive growth around 20K newsletter subs and hundreds of thousands of monthly visitors.
Google is still where the normies search, and this is the true top funnel. Apex has been leading the way alongside other great platforms like @GAM3Sgg_ and writers like @ElizaCrichtonS.
Thank you for reading! ❤️
If you want to vote, ill leave the link down below.
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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 $0.4794. 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
2024-10-05
End of the period to which the disclosure relates
2025-10-05
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
$332.21M #106
Circulating supply
693.12M / 1B
All-time high
$4.563
24h volume
$4.67M
3.8 / 5