Ronin Network: The Rebirth and Potential of Game Public Chains

As an established public blockchain founded in 2021, Ronin Network has experienced a rebirth at the beginning of 2024 through its continuous efforts in 2023. Data shows that the number of active addresses on Ronin Network has grown by 3225% in the past three months, reaching a peak of 693,000 on January 25. Its token Ron has also seen an increase of over 800% in the past three months, currently priced at $3.18. So, what exactly is Ronin Network? Why is it so sought after by investors? As a professional blockchain platform focused on game innovation, what advantages does Ronin Network possess?

From Axie Infinity to Ronin Network

Ronin is developed by the technology-focused game studio Sky Mavis, specifically created 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 blockchain game that sparked the GameFi craze during the last bull market, with peak monthly revenue reaching $300 million and daily turnover at one point exceeding Honor of Kings. However, as more players entered, Ethereum's slow settlement and excessively high gas fees gradually increased the entry cost for players. With the decrease in new users and the entire market entering a bear phase, Axie Infinity also fell into difficulties.

To address these issues, Ronin was born. As an EVM-compatible chain specifically designed for games, Ronin aims to completely resolve key problems such as high Gas fees and slow transaction speeds on Ethereum, providing players with a smoother and more seamless gaming experience. Currently, Ronin has demonstrated its enormous potential in the NFT trading market, processing over $4 billion in transactions while attracting millions of daily active users.

2023 is an extremely important year for Ronin. During this year, Ronin launched the desktop game aggregation platform Mavis Hub 2, introduced the RON staking feature, switched to a delegated staking mechanism, upgraded the functionality of the Ronin Wallet, launched the NFT marketplace Mavis Market, and reached partnerships with several well-known game companies, further expanding its gaming ecosystem.

The steady development of the Ronin Network has gained the trust of market investors, especially benefiting from its close collaboration with Axie Infinity. Ronin's market share in the blockchain gaming sector once surpassed that of BNB Chain, ranking first, with the daily active addresses consistently above 600,000. This influx of traffic has also enabled Ronin's native token RON to achieve significant growth in the past three months.

How Ronin Network Works and Its Advantages

Ronin Network is an innovative blockchain platform based on the Delegated Proof of Stake ( DPoS ) consensus mechanism, designed to provide a highly scalable environment for gamers and developers.

Sidechain Architecture

Ronin, as a sidechain of Ethereum, has its own independent block generation mechanism, consensus algorithm, etc., 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.

Mixed Consensus Mechanism

Ronin Network adopts a hybrid consensus mechanism of Proof of Authority (PoA) and Delegated Proof of Stake (DPoS). This hybrid mechanism increases decentralization and security while maintaining high transaction throughput and low confirmation times.

Highly scalable blockchain platform

The Ronin Network has the following technical advantages:

• High throughput: Up to 100,000 transactions per second.
• Low latency: Ensures quick confirmation and response of transactions.
• Low transaction fees: cheaper than the transaction fees on the Ethereum network.
• Compatibility: Compatible with Ethereum Virtual Machine (EVM)

RON Token Economic Model

RON is the native token of the Ronin Network, with various functions and values:

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

In terms of the distribution of RON tokens, 30% belongs to Sky Mavis, 30% is used for community incentives and development, 15% is allocated for the ecosystem fund, and the remaining supply will be distributed through a staking reward mechanism.

Overview of Popular Chain Games on Ronin Network

Axie Infinity

Axie Infinity is the largest game on Ronin, allowing players to breed, raise, and battle fantastical creatures called Axies. Recently, Axie introduced a new mechanism called AXP, which allows players to earn points by winning in Origins, promoting the advancement and upgrading of Axies.

Pixels

Pixels is a social, casual, open-world Web3 game and platform. As a pixel art metaverse farming game, Pixels allows players to navigate in a pixel art world, interact with each other, farm land, play mini-games, and earn token rewards. Pixels previously ran on Polygon and moved to the Ronin network in 2023.

Zoids Wild Arena

Zoids Wild Arena is a TCG game developed by the renowned South Korean gaming company ACT Games. In November 2023, Ronin's developer Sky Mavis partnered with ACT Games to plan to bring all of ACT's games to the Ronin network. Zoids Wild Arena is the first game under ACT Games to migrate to Ronin.