🤔 Ronin to Migrate From Gaming Sidechain to $OP Stack #Ethereum Layer 2 on May 12


Ronin will #transition from an independent gaming sidechain to an #Ethereum Layer 2 #network based on the $OP Stack on May 12, ending its operation as a standalone sidechain since 2021. The migration is expected to cause around 10 hours of downtime and will reduce $RON annual inflation from over 20% to below 1%. Ronin was previously hit by a roughly $625 million bridge exploit in 2022, one of the largest cross-chain bridge hacks in #DeFi history. #hack
#cryptofactske
ethereum:native
OP-3.92%
ETH-1.82%
RON-3.31%
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