Ronin Network: The New Birth and Potential of Game Public Chains

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

Data shows that the number of active addresses on the Ronin Network has increased by 3225% in the past three months, peaking at 693,000 on January 25. The price of its token, Ron, has risen by over 800% in the past three months, currently priced at $3.18. So, what exactly is the Ronin Network? Why is it so favored by investors? As a professional blockchain platform focused on innovating gaming, what advantages does Ronin Network possess? Let's explore through this article.

From Axie Infinity to Ronin Network

Ronin is developed by a tech-focused game studio, specifically co-founded by a Yale University graduate who worked at the studio for over four years and a blockchain expert, who is also one of the founders of Axie Infinity.

Axie Infinity was the leading blockchain game that created the GameFi boom during the last bull market, with a peak monthly revenue of $300 million and daily transactions surpassing Honor of Kings, leading to the emergence of large gaming guilds. The success of Axie Infinity attracted a large number of gaming enthusiasts and developers to the Web3 gaming field, successfully shaping today's GameFi sector. However, as the number of players increased, Ethereum's slower settlement and excessively high Gas costs gradually pushed up the entry costs for players. With the decrease of new users and the entire market entering a bear market, Axie Infinity also fell into difficulties.

To solve the problems of Axie Infinity, Ronin, a long-term scalability solution specifically designed for it, was born. Before the creation of Ronin, the creators of Axie Infinity had collaborated with another network. However, that network and its developers wanted to optimize the network to make it an enterprise-level solution rather than just a user-friendly application. The Axie Infinity team was not satisfied with this move, and subsequently decided to end the partnership and develop their own blockchain – Ronin Network.

As an EVM-compatible chain specifically designed for gaming, Ronin differs from previous Ethereum sidechains by aiming to fundamentally resolve key issues in gaming such as the high gas fees and slow transaction speeds associated with Ethereum, providing players with a smoother and more seamless gaming experience. Currently, Ronin has demonstrated immense potential in the NFT trading market, processing over $4 billion in transactions while attracting millions of daily active users.

The year 2023 was extremely important for Ronin. In January, a desktop game aggregation platform was launched, in March the token staking feature was introduced, in April it switched to a delegated proof-of-stake consensus mechanism and upgraded its wallet functionality, in May an NFT marketplace was launched and integrated with the wallet, in September, chain game projects migrated from other networks to the Ronin network, in October upgrades and hard forks were launched on the mainnet, in November a partnership was established with a South Korean game company, and in December collaborations were formed with several globally renowned game studios, further expanding the gaming ecosystem.

The steady development of the Ronin Network has won the trust of market investors, especially benefiting from its close collaboration with Axie Infinity. The latter, as a massive traffic pool, provided Ronin with initial traffic and user base. Ronin's market share in the blockchain gaming sector once surpassed other public chains, ranking first, with daily active addresses stabilizing at over 600,000. This support of traffic has also led to Ronin's native token RON achieving an increase of over 800% in the past three months. As of now, the price of the RON token is $3.18, essentially restoring to the high point of the previous bull market. This achievement further proves Ronin's competitiveness in the market and the confidence investors have in it.

How Ronin Network Works and Its Advantages

Ronin Network is an innovative blockchain platform based on the Delegated Proof of Stake ( DPoS ) consensus mechanism, aimed at providing a highly scalable environment for gamers and developers. By adopting advanced technologies and economic models, Ronin Network successfully addresses issues like scalability and high transaction fees on the Ethereum network.

Sidechain Architecture

A sidechain is another independent blockchain that runs parallel to the main chain. Compared to other networks, sidechains are easier to develop and can be optimized for specific scenarios. Ronin, as a sidechain of Ethereum, has its own independent block generation mechanism, consensus algorithm, and can achieve asset interoperability with the Ethereum mainnet through bridging. This sidechain architecture allows Ronin to focus more on optimizing gaming scenarios while maintaining a connection to the Ethereum ecosystem. Through the Ronin bridge, users can transfer ETH, ERC20, and other assets from the Ethereum mainnet to Ronin, and can also transfer native tokens and NFT assets issued on Ronin back to the Ethereum mainnet. This interoperability design allows gamers to 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). Proof of Authority is an algorithm that uses identity as stake to achieve fast transactions. DPoS is a voting mechanism where token holders can delegate their voting rights to elected validators. This hybrid voting mechanism combines two different approaches, allowing for a higher transaction throughput and lower confirmation times while improving decentralization and security.

Under the authority proof ( PoA ) consensus mechanism, the Ronin Network is maintained and verified by a group of designated validating nodes. These validating nodes are trusted and are responsible for packaging transactions into new blocks and adding them to the Ronin blockchain. The advantage of authority proof lies in its high energy efficiency, as it does not require a large amount of computing power to verify transactions. This allows Ronin to achieve faster transaction speeds and lower transaction fees, enhancing the gaming experience. However, authority proof also has some potential issues, such as the risk of single point of failure due to over-reliance on a small number of validating nodes. To increase the decentralization of the network, the Ronin Network introduces a delegated proof of stake mechanism.

In the delegated proof of stake mechanism, holders of RON tokens can delegate their voting rights to candidate validators. Validators with a larger amount of delegation will have a greater chance of being selected to validate transactions and generate new blocks. By staking a certain amount of RON tokens as a candidate validator, users can participate in the network's validation and decision-making processes, and have the opportunity to receive a portion of the block rewards. This mechanism increases the level of decentralization of the network and effectively reduces the risk of single point of failure.

( Highly scalable blockchain platform

Ronin Network is a scalable blockchain platform designed specifically for gamers and developers. It has the following technical advantages that enable it to handle large-scale transactions and deliver outstanding performance:

• High Throughput: Ronin Network can process up to 100,000 transactions per second, enabling it to handle the transaction demands generated by a large number of users and game interactions.
• Low latency: By adopting advanced technology and optimized network structure, Ronin Network ensures fast transaction confirmation and response, providing players with a seamless trading experience.
• Low transaction fees: Compared to the high transaction fees of the Ethereum network, the transaction fees on the Ronin Network are much lower, allowing users to trade and interact more economically.
• Compatibility: The Ronin Network is compatible with the Ethereum Virtual Machine ) EVM (, allowing existing Ethereum developers to easily migrate their applications and smart contracts to the Ronin Network, thereby expanding the scale of the developer community and project ecosystem.

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( RON token economic model

RON is the native token of the Ronin Network, with various functions and values. The economic model of the RON token is designed to promote the development of the network and community participation, specifically including the following aspects:

• Transaction fee payment: RON is used to pay for transaction fees on the Ronin network to maintain the efficient operation of the system.
• Network Security and Staking: Holders can stake RON tokens to validators, participate in the maintenance of network security, and earn rewards through the reward mechanism. This mechanism incentivizes validators to maintain the security of the network while also encouraging token holders to actively participate in the governance of the network.
• Participate in governance decisions: RON tokens grant holders voting rights in network governance, promoting community member involvement in important decisions and enhancing the transparency and consensus of the entire ecosystem.

In terms of the distribution of RON tokens, 30% of the token supply is allocated to the development team, part of which is used for employee bonuses and shareholder token contracts. The community accounts for 30%, used for community incentives and development. The ecosystem fund accounts for 15% of the total supply, used to support initiatives that enhance the Ronin Network. The remaining supply will be distributed through a staking reward mechanism.

Overall, Ronin Network has successfully built a highly scalable blockchain platform by adopting a sidechain architecture, a hybrid consensus mechanism, and the RON token economic model. Holders can earn rewards through delegated staking, participate in governance decisions of the network, while the use of RON tokens also enhances the security and stability of the network. The technical advantages and principles of Ronin Network make it an ideal choice for the gaming industry and developers, providing a solid foundation for the development of the entire ecosystem.

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Overview of Popular Blockchain Games on Ronin Network

Ronin Network, a blockchain platform focused on innovating gaming, has given more players and game developers hope for the future of Web3 blockchain games. Leveraging Axie's early success, Ronin has currently partnered with several globally renowned game studios. Each studio is utilizing Ronin to develop its own new blockchain games. At the same time, Ronin has attracted quality mature blockchain game projects like Pixels with its outstanding performance, further solidifying its position as a mainstream blockchain game platform.

) Axie Infinity

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

Ronin was initially designed as an Ethereum sidechain specifically for the Axie ecosystem, and has now become a crucial infrastructure for the Axie Infinity game. With the support of the Ronin network, Axie Infinity has also ushered in a new transformation. Recently, Axie launched a brand new mechanism called AXP, which allows players to earn points by winning in Origins, thus promoting the progress and upgrading of Axie. The introduction of AXP marks a shift for Axie from a passive role to an organic being that can upgrade through accumulation, and it also indicates that similar on-chain upgrade mechanisms may become widespread in the NFT and gaming sectors in the future. AXP realizes the concept of Axie Core, injecting new energy into Axie Infinity and the entire NFT ecosystem.

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) Pixels

Pixels is