Ronin has completed its migration to become an Ethereum Layer 2 solution, with the RON annual inflation rate decreasing by approximately 9x.

BlockBeats News, May 13th, Ronin announced that it has completed its migration to the Ethereum ecosystem, officially becoming an Ethereum Layer2 network built on the OP Stack. Ronin stated that it has retained RON as the Gas token, and the entire process had minimal downtime.

Ronin also announced a significant adjustment to the RON tokenomics. The annual token release of RON has been reduced from the previous 45 million to 5 million, a decrease of about 9 times, resulting in the current annual inflation rate of approximately 1.2%. Any future additional token rewards will be directly allocated to ecosystem builders through a new "Proof of Allocation" mechanism.

Furthermore, the Ronin Treasury has added three new sources of revenue, including the remaining 90 million RON staking rewards, Sequencer net profits, and a 1.25% fee income from the Ronin Marketplace (previously 0.5%). Ronin stated that this migration not only signifies access to Ethereum security and liquidity but also reconnects its Web3 gaming ecosystem and millions of chain game users to the Ethereum ecosystem.